Enhanced Investments - Financial Portal

Transaction in Own Shares and Total Voting Rights

Published: 2023-09-26 09:00:48 ET

                      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")




Transaction in Own Shares and Total Voting
Rights
LONDON, 26 SEPTEMBER 2023


Gemfields announces that on 22 September 2023, the Company purchased 2,937,124 of its own
ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") at an aggregate price of
ZAR3.2466. These Ordinary Shares will be held as treasury shares before being periodically
cancelled. Any cancellations will be announced separately.


Date of purchase:                                          22 September 2023
Number of ordinary shares purchased:                       2,937,124
Highest price paid per share:                              ZAR3.26
Lowest price paid per share:                               ZAR3.22
Volume weighted average price paid per share:              ZAR3.2466

A list of all trades completed can be found at the bottom of this announcement.


Following this purchase, the total number of Ordinary Shares held in treasury by the Company is
2,937,124. The total number of Ordinary Shares in issue is 1,221,918,104, including treasury
shares.


Therefore, the number of Ordinary Shares that carry the right to one vote is 1,218,980,980. This
is 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 under the FCA’s Disclosure Guidance and
Transparency Rules.




   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
                                     Number of
                                                   Transaction
 Transaction date and time                shares                 Trading venue
                                                   price (ZAR)
                                    repurchased
 22 September 2023, 09:01 SA time         19,999          3.26              JSE
 22 September 2023, 09:01 SA time         10,000          3.26              JSE
 22 September 2023, 09:01 SA time         20,000          3.26              JSE
 22 September 2023, 09:04 SA time          9,047          3.26              JSE
 22 September 2023, 09:04 SA time         40,954          3.26              JSE
 22 September 2023, 09:04 SA time         28,000          3.26              JSE
 22 September 2023, 09:04 SA time         72,000          3.26              JSE
 22 September 2023, 09:04 SA time         23,414          3.26              JSE
 22 September 2023, 09:04 SA time         26,651          3.26              JSE
 22 September 2023, 09:07 SA time         10,000          3.26              JSE
 22 September 2023, 09:07 SA time         90,000          3.26              JSE
 22 September 2023, 09:12 SA time          9,697          3.26              JSE
 22 September 2023, 09:12 SA time            303          3.26              JSE
 22 September 2023, 09:12 SA time          9,854          3.26              JSE
 22 September 2023, 09:12 SA time         78,646          3.26              JSE
 22 September 2023, 09:13 SA time          9,342          3.26              JSE
 22 September 2023, 09:13 SA time         90,658          3.26              JSE
 22 September 2023, 09:13 SA time          9,721          3.26              JSE
 22 September 2023, 09:13 SA time         25,279          3.26              JSE
 22 September 2023, 09:16 SA time          8,830          3.26              JSE
 22 September 2023, 09:16 SA time         41,170          3.26              JSE
 22 September 2023, 09:34 SA time          9,088          3.26              JSE
 22 September 2023, 09:34 SA time         12,884          3.26              JSE
 22 September 2023, 09:44 SA time          9,201          3.26              JSE
 22 September 2023, 09:44 SA time         15,799          3.26              JSE
 22 September 2023, 09:46 SA time          8,638          3.26              JSE
 22 September 2023, 09:46 SA time         91,362          3.26              JSE
 22 September 2023, 09:46 SA time          9,100          3.26              JSE
 22 September 2023, 09:46 SA time         15,900          3.26              JSE
 22 September 2023, 09:52 SA time          8,208          3.26              JSE
 22 September 2023, 09:52 SA time         16,392          3.26              JSE
 22 September 2023, 09:55 SA time          9,563          3.26              JSE
 22 September 2023, 09:55 SA time          9,159          3.26              JSE
 22 September 2023, 09:56 SA time          9,831          3.26              JSE
 22 September 2023, 10:04 SA time          8,986          3.26              JSE
 22 September 2023, 10:04 SA time         41,014          3.26              JSE
 22 September 2023, 10:04 SA time          9,310          3.26              JSE
 22 September 2023, 10:06 SA time          8,446          3.26              JSE
 22 September 2023, 10:06 SA time         16,554          3.26              JSE


Gemfields Group Limited                                             Page 2 of 6
 22 September 2023, 10:08 SA time     9,765   3.26           JSE
 22 September 2023, 10:08 SA time     9,226   3.26           JSE
 22 September 2023, 10:09 SA time     8,446   3.26           JSE
 22 September 2023, 10:24 SA time     1,100   3.26           JSE
 22 September 2023, 10:24 SA time    48,900   3.26           JSE
 22 September 2023, 10:24 SA time     8,715   3.26           JSE
 22 September 2023, 10:36 SA time     8,836   3.26           JSE
 22 September 2023, 10:36 SA time     7,456   3.26           JSE
 22 September 2023, 11:00 SA time     8,642   3.26           JSE
 22 September 2023, 11:00 SA time     8,215   3.26           JSE
 22 September 2023, 11:16 SA time     8,337   3.26           JSE
 22 September 2023, 11:16 SA time     4,780   3.26           JSE
 22 September 2023, 11:18 SA time     8,063   3.26           JSE
 22 September 2023, 11:18 SA time    16,937   3.26           JSE
 22 September 2023, 14:07 SA time     9,787   3.26           JSE
 22 September 2023, 14:07 SA time    89,795   3.26           JSE
 22 September 2023, 15:16 SA time    25,000   3.25           JSE
 22 September 2023, 15:16 SA time     3,300   3.25           JSE
 22 September 2023, 15:16 SA time     8,390   3.25           JSE
 22 September 2023, 15:16 SA time     1,261   3.25           JSE
 22 September 2023, 15:18 SA time     9,826   3.25           JSE
 22 September 2023, 15:18 SA time   156,592   3.25           JSE
 22 September 2023, 15:18 SA time    20,618   3.25           JSE
 22 September 2023, 15:18 SA time    26,832   3.25           JSE
 22 September 2023, 15:18 SA time     3,300   3.25           JSE
 22 September 2023, 15:19 SA time    20,180   3.25           JSE
 22 September 2023, 15:19 SA time   379,820   3.25           JSE
 22 September 2023, 15:19 SA time    23,432   3.25           JSE
 22 September 2023, 15:19 SA time   321,449   3.25           JSE
 22 September 2023, 15:45 SA time    10,000   3.22           JSE
 22 September 2023, 15:45 SA time     3,300   3.22           JSE
 22 September 2023, 15:45 SA time     2,325   3.22           JSE
 22 September 2023, 15:55 SA time     3,029   3.22           JSE
 22 September 2023, 15:55 SA time    46,971   3.22           JSE
 22 September 2023, 15:55 SA time     3,300   3.22           JSE
 22 September 2023, 15:55 SA time     3,300   3.22           JSE
 22 September 2023, 15:57 SA time     3,018   3.22           JSE
 22 September 2023, 15:57 SA time    46,982   3.22           JSE
 22 September 2023, 15:57 SA time     3,300   3.22           JSE
 22 September 2023, 15:57 SA time     3,300   3.22           JSE
 22 September 2023, 15:58 SA time     2,622   3.22           JSE



Gemfields Group Limited                              Page 3 of 6
 22 September 2023, 15:58 SA time        13,350   3.22           JSE
 22 September 2023, 15:58 SA time         8,358   3.22           JSE
 22 September 2023, 15:58 SA time         2,439   3.22           JSE
 22 September 2023, 15:58 SA time         3,300   3.22           JSE
 22 September 2023, 16:00 SA time         5,311   3.22           JSE
 22 September 2023, 16:00 SA time        44,689   3.22           JSE
 22 September 2023, 16:00 SA time         3,300   3.22           JSE
 22 September 2023, 16:02 SA time         3,300   3.22           JSE
 22 September 2023, 16:03 SA time         2,923   3.22           JSE
 22 September 2023, 16:03 SA time        22,077   3.22           JSE
 22 September 2023, 16:04 SA time         3,300   3.22           JSE
 22 September 2023, 16:28 SA time         6,187   3.22           JSE
 22 September 2023, 16:28 SA time       215,463   3.22           JSE
 22 September 2023, 16:28 SA time         3,300   3.22           JSE
 22 September 2023, 16:28 SA time         3,300   3.22           JSE
 22 September 2023, 16:28 SA time         1,731   3.22           JSE
 22 September 2023, 16:28 SA time         3,300   3.22           JSE
 22 September 2023, 16:28 SA time         3,300   3.22           JSE
 22 September 2023, 16:30 SA time         2,750   3.22           JSE
 22 September 2023, 16:30 SA time           550   3.22           JSE
 22 September 2023, 16:32 SA time         3,300   3.22           JSE
 22 September 2023, 16:40 SA time         4,377   3.22           JSE
 22 September 2023, 16:40 SA time       217,273   3.22           JSE
 22 September 2023, 16:40 SA time         3,300   3.22           JSE
 22 September 2023, 16:40 SA time         3,300   3.22           JSE
 22 September 2023, 16:40 SA time         2,880   3.22           JSE
 22 September 2023, 16:40 SA time         3,300   3.22           JSE
 22 September 2023, 16:40 SA time         3,300   3.22           JSE
 22 September 2023, 16:41 SA time         2,491   3.22           JSE
 22 September 2023, 16:41 SA time           809   3.22           JSE
 22 September 2023, 16:43 SA time         3,300   3.22           JSE
 22 September 2023, 16:44 SA time           805   3.22           JSE
 22 September 2023, 17:00 SA time         3,323   3.22           JSE
 22 September 2023, 17:00 SA time         1,690   3.22           JSE
 22 September 2023, 17:00 SA time             1   3.22           JSE




                                    -ENDS-




Gemfields Group Limited                                  Page 4 of 6
               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                 Cavendish Capital Markets Limited
 (AIM) & JOINT BROKER              Neil McDonald / Edward Whiley / Tim Redfern
                                   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 responsible miner and marketer of 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




Gemfields Group Limited                                                                  Page 5 of 6
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 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 6 of 6

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.