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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")
Director/PDMR Shareholding
LONDON, 23 MAY 2023
On 12 May 2023, the Company announced that Chandana Venkata Suresh, a PDMR of the
Company, had exercised 1,800,000 share options at an exercise price of ZAR2.30 per ordinary
share of USD0.00001 each in the company (“Ordinary Shares”). Shareholders are advised that Mr
Suresh also exercised 522,064 share options at an exercise price of ZAR 2.97 per Ordinary Share
on the same date but this was not included in the Company’s announcement on 12 May 2023 due
to an administrative error. These shares were however admitted to trading on 15 May 2023.
In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that
Mr Suresh has sold 2,322,064 Ordinary Shares, at an average price of ZAR3.495 per Ordinary
Share. Following the above transaction, Mr Suresh owns 95,600 Ordinary Shares, representing 0.01
per cent of the Company.
Shareholders are advised that there are 1,216,857,062 Ordinary Shares (excluding treasury shares)
in issue with each Ordinary Share carrying the right to one vote. This is also the total voting rights
figure which may be used by shareholders as the denominator for the calculations by which they
can determine whether they are required to notify their interests in, or a change to their interest in
the Company.
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, we disclose the following
additional information:
Nature of transaction On market sale of shares
Volume weighted average price R3.495
Total value of transaction R8,095,039 (net of transaction
costs but not net of the total
exercise costs of the options
(R2.30 for 1,800,000 shares and
R2.97 for 522,064 shares))
Highest price R3.78
Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
T +44 (0)1481 731 554
gemfieldsgroup.com
Lowest price R3.45
Nature of interest DIRECT BENEFICIAL
Clearance was obtained for the above dealings in securities.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chandana Venkata Suresh
2 Reason for the notification
a) Position/status PDMR
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Gemfields Group Limited
b) LEI 21380017GAVXTCYS5R31
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial Ordinary Shares of USD0.00001 each
instrument, type of
instrument
Identification code ISIN: GG00BG0KTL52
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
R3.495 2,322,064
d) Aggregated information
Gemfields Group Limited Page 2 of 4
- Aggregated volume 2,322,064
- Price R3.495
e) Date of the transaction 17 May 2023
f) Place of the transaction Johannesburg Stock Exchange
-ENDS-
Further information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join our investor mailing list, contact us on:
ir@gemfields.com
For any press enquiries please contact us on:
gemfields@camarco.co.uk
ENQUIRIES
GEMFIELDS Sean Gilbertson / David Lovett / Ian Hughes
ir@gemfields.com
T: +44(0) 20 7518 3400
SPONSOR (JSE) Investec Bank Limited
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
Gemfields Group Limited Page 3 of 4
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 responsible miner and marketer 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.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 4 of 4
