Enhanced Investments - Financial Portal

Transaction in Own Shares and Total Voting Rights

Published: 2023-10-09 09:00:47 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, 9 OCTOBER 2023


Gemfields announces that on Friday 6 October 2023, the Company purchased 940,722 of its own
ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") at an average price of
ZAR3.1497. These Ordinary Shares will be held as treasury shares before being periodically
cancelled. Any cancellations will be announced separately.


Date of purchase:                                          6 October 2023
Number of ordinary shares purchased:                       940,722
Highest price paid per share:                              ZAR3.15
Lowest price paid per share:                               ZAR3.10
Volume weighted average price paid per share:              ZAR3.1497

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
10,779,150. 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 1,211,138,954. 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
 6 October 2023, 09:19 SA time            200          3.10              JSE
 6 October 2023, 09:19 SA time          1,795          3.15              JSE
 6 October 2023, 09:19 SA time            506          3.15              JSE
 6 October 2023, 09:19 SA time          7,699          3.15              JSE
 6 October 2023, 09:19 SA time            506          3.15              JSE
 6 October 2023, 09:19 SA time          9,672          3.15              JSE
 6 October 2023, 09:19 SA time          9,672          3.15              JSE
 6 October 2023, 09:19 SA time            250          3.15              JSE
 6 October 2023, 09:19 SA time          9,672          3.15              JSE
 6 October 2023, 09:19 SA time            250          3.15              JSE
 6 October 2023, 09:19 SA time          9,688          3.15              JSE
 6 October 2023, 09:19 SA time            250          3.15              JSE
 6 October 2023, 09:19 SA time          6,546          3.15              JSE
 6 October 2023, 09:19 SA time          2,068          3.15              JSE
 6 October 2023, 09:19 SA time            303          3.15              JSE
 6 October 2023, 09:19 SA time          2,197          3.15              JSE
 6 October 2023, 09:19 SA time          8,335          3.15              JSE
 6 October 2023, 09:19 SA time         41,665          3.15              JSE
 6 October 2023, 09:19 SA time          1,954          3.15              JSE
 6 October 2023, 09:19 SA time          6,841          3.15              JSE
 6 October 2023, 09:19 SA time         41,502          3.15              JSE
 6 October 2023, 14:40 SA time          4,665          3.10              JSE
 6 October 2023, 14:40 SA time         26,657          3.15              JSE
 6 October 2023, 14:40 SA time          5,000          3.15              JSE
 6 October 2023, 14:40 SA time          1,393          3.15              JSE
 6 October 2023, 14:40 SA time          3,068          3.15              JSE
 6 October 2023, 14:40 SA time          1,393          3.15              JSE
 6 October 2023, 14:40 SA time          4,445          3.15              JSE
 6 October 2023, 14:40 SA time          4,516          3.15              JSE
 6 October 2023, 14:40 SA time          4,702          3.15              JSE
 6 October 2023, 14:40 SA time          4,176          3.15              JSE
 6 October 2023, 14:40 SA time          4,075          3.15              JSE
 6 October 2023, 14:40 SA time          4,681          3.15              JSE
 6 October 2023, 14:40 SA time          4,930          3.15              JSE
 6 October 2023, 14:40 SA time          4,675          3.15              JSE
 6 October 2023, 14:40 SA time          4,416          3.15              JSE
 6 October 2023, 14:40 SA time          1,662          3.15              JSE
 6 October 2023, 14:40 SA time          2,795          3.15              JSE
 6 October 2023, 14:40 SA time          4,420          3.15              JSE


Gemfields Group Limited                                          Page 2 of 5
 6 October 2023, 14:40 SA time                        4,168                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,471                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,596                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,798                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,092                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,832                   3.15           JSE
 6 October 2023, 14:40 SA time                        1,219                   3.15           JSE
 6 October 2023, 14:40 SA time                        3,582                   3.15           JSE
 6 October 2023, 14:40 SA time                      221,418                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,540                   3.15           JSE
 6 October 2023, 14:40 SA time                        4,490                   3.15           JSE
 6 October 2023, 14:40 SA time                      146,125                   3.15           JSE
 6 October 2023, 15:25 SA time                        5,000                   3.15           JSE
 6 October 2023, 15:25 SA time                          100                   3.15           JSE
 6 October 2023, 15:25 SA time                          511                   3.15           JSE
 6 October 2023, 15:25 SA time                           13                   3.15           JSE
 6 October 2023, 15:25 SA time                        1,304                   3.15           JSE
 6 October 2023, 15:25 SA time                        2,113                   3.15           JSE
 6 October 2023, 15:25 SA time                      247,272                   3.15           JSE
 6 October 2023, 15:25 SA time                        4,506                   3.15           JSE
 6 October 2023, 15:25 SA time                        4,702                   3.15           JSE
 6 October 2023, 15:25 SA time                        3,177                   3.15           JSE
 6 October 2023, 15:25 SA time                          948                   3.15           JSE
 6 October 2023, 15:25 SA time                        3,173                   3.15           JSE
 6 October 2023, 15:25 SA time                        5,980                   3.15           JSE
 6 October 2023, 15:25 SA time                          352                   3.15           JSE




                                             -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




Gemfields Group Limited                                                              Page 3 of 5
                                           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
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 Group Limited                                                                  Page 4 of 5
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 5 of 5

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.