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Incorporated in Guernsey. Guernsey registration Number: 47656.
South African external company registration number 2009/012636/10
Share code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")
Disclosure of beneficial interests in securities
LONDON, 1 June 2022
In compliance with AIM Rule 17, shareholders are advised that Gemfields received formal
notification on 31 May 2022 from Rational Expectations Proprietary Limited (“Rational
Expectations”) that it, combined with related parties, now hold a total of 118,602,785 ordinary
shares in the Company, equivalent to 10.03% of the total issued shares in the Company.
Rational Expectations’ completed form TR-1 has been released to the market.
-ENDS-
Further information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join our investor mailing list, contact us on:
companysecretary@gemfields.com
For any press enquiries please contact us on:
gemfields@camarco.co.uk
ENQUIRIES
GEMFIELDS Sean Gilbertson / David Lovett
T: +44(0) 20 7518 3400
Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
T +44 (0)1481 731 554
gemfieldsgroup.com
SPONSOR (JSE) Investec Bank Limited
SEDIBELO SALE PROCESS Liberum
Nehal Patel
T: +44(0) 20 3100 2222
NOMINATED ADVISER finnCap
(AIM) & JOINT BROKER Christopher Raggett / Tim Redfern / Edward Whiley
T: +44(0) 20 7220 0500
JOINT BROKER Liberum
Scott Mathieson / Kane Collings
T: +44(0) 20 3100 2222
FINANCIAL PR/ IR Camarco
Gordon Poole / Emily Hall
T: +44(0) 20 3757 4980
ADDITIONAL INFORMATION ON GEMFIELDS
Gemfields is a world-leading miner of responsible coloured gemstones. Gemfields is the operator
and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single
largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most
significant recently discovered ruby deposits in the world). In addition, Gemfields also holds
controlling interests in various other gemstone mining and prospecting licences in Zambia,
Mozambique, Ethiopia and Madagascar.
Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage
- enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction and trading
platform to provide a consistent supply of coloured gemstones to downstream markets, a key
component of Gemfields’ business model that has played an important role in the growth of the
global coloured gemstone sector.
GEMFIELDS
Gemfields Group Limited Page 2 of 8
GEMFIELDS.COM | INVESTORS |FOUNDATION
INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
FABERGÉ
FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
Gemfields Group Limited Page 3 of 8
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GG00BG0KTL52
Issuer Name
GEMFIELDS GROUP LIMITED
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Rozendal Associate Holdings
City of registered office (if applicable)
Port Louis
Country of registered office (if applicable)
Mauritius
City of registered Country of registered
Name
office office
Rational Expectations
Cape Town South Africa
(Pty) Ltd
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject
to the notification obligation, above
City of registered office (if applicable)
Gemfields Group Limited Page 4 of 8
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
27-May-2022
6. Date on which Issuer notified
31-May-2022
7. Total positions of person(s) subject to the notification
obligation
% of voting
% of voting rights through
Total number of
rights attached financial Total of both in
. to shares (total instruments % (8.A + 8.B)
voting rights
held in issuer
of 8.A) (total of 8.B 1
+ 8.B 2)
Resulting
situation on
the date on
which 10.030000 0.000000 10.030000 118602785
threshold
was crossed
or reached
Position of
previous
notification 9.021200 0.000000 9.021200
(if
applicable)
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Number of
Class/Type of Number of direct % of direct % of indirect
indirect voting
shares ISIN voting rights voting rights voting rights
rights
code(if possible) (DTR5.1) (DTR5.1) (DTR5.2.1)
(DTR5.2.1)
GG00BG0KTL52 91678433 26924352 7.750000 2.280000
Gemfields Group Limited Page 5 of 8
Sub Total 8.A 118602785 10.030000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that
% of
Type of financial Expiration Exercise/conversion may be acquired if the
voting
instrument date period instrument is
rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))
Type of Physical or Number of % of
Expiration Exercise/conversion
financial cash voting voting
date period
instrument settlement rights rights
Sub Total
8.B2
9. Information in relation to the person subject to the notification
obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)
% of voting
% of voting rights through
Total of both if it
rights if it financial
Ultimate equals or is
Name of controlled equals or is instruments if
controlling higher than the
undertaking higher than it equals or is
person notifiable
the notifiable higher than the
threshold
threshold notifiable
threshold
Rational
Kalander
Expectations 7.750000 0.000000 7.750000%
Trust
(Pty) Ltd
Afrika
Afrika
Avontuur
Avontuur 1.120000 0.000000 1.120000%
Kapitaal
Trust
(Pty) Ltd
Afrika Beaucourt
Avontuur Holdings 0.040000 0.000000 0.040000%
Trust (Pty) Ltd
Gemfields Group Limited Page 6 of 8
Kalander Potdrie (Pty)
0.190000 0.000000 0.190000%
Trust Ltd
Afrika Afrika
Avontuur Avontuur 0.090000 0.000000 0.090000%
Trust Trust
Groenpunt
Groenpunt
Kapitaal 0.230000 0.000000 0.230000%
Trust
Limited
Rozendal &
Vinkel
Associates 0.610000 0.000000 0.610000%
Trust
Holdings Ltd
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Following parties are related to Rational Expectations holding 7.75%
directly (the party subject to reporting notification) and their respective %
holdings are as follows:
1: Rozendal & Associates Holdings Limited - 0.61%
2: Groenpunt Kapitaal Limited - 0.23%
3: Potdrie Proprietary Limited - 0.19%
4: Afrika Avontuur Kapitaal Proprietary Limited - 1.12%
5: Afrika Avontuur Trust - 0.09%
6: Beaucourt Holdings Proprietary Limited - 0.04%
12. Date of Completion
01-Jun-2022
Gemfields Group Limited Page 7 of 8
13. Place Of Completion
Cape Town
Gemfields Group Limited Page 8 of 8
