Enhanced Investments - Financial Portal

TR-1: Standard form for notification of major holdings

Published: 2023-10-25 17:00:45 ET

GEMFIELDS GROUP LIMITED
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")


              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 event changing the breakdown of voting rights
3. Details of person subject to the notification obligation
  Name
  Rozendal & Associates Holdings Limited
  City of registered office (if applicable)
  Port Louis
  Country of registered office (if applicable)
  Mauritius
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)


  Country of registered office (if applicable)


5. Date on which the threshold was crossed or reached
  18-Oct-2023
6. Date on which Issuer notified
  24-Oct-2023
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
           .                                                                        voting rights
                         to shares (total    instruments         % (8.A + 8.B)
                                                                                    held in issuer
                         of 8.A)             (total of 8.B 1 +
                                             8.B 2)

  Resulting
  situation on
  the date on
  which                   13.030000           0.000000            13.030000         156434855
  threshold was
  crossed or
  reached

  Position of
  previous
                          12.83               0.000000            12.83
  notification (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
Class/Type of         Number of direct      Number of indirect                    % of indirect
                                                               % of direct voting
shares ISIN           voting rights         voting rights                         voting rights
                                                               rights (DTR5.1)
code(if possible)     (DTR5.1)              (DTR5.2.1)                            (DTR5.2.1)

GG00BG0KTL52            121421618             35013237           10.110000            2.920000

Sub Total 8.A           156434855                                13.030000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                         Number of voting rights that may % of
Type of financial    Expiration Exercise/conversion
                                                         be acquired if the instrument is voting
instrument           date       period
                                                         exercised/converted              rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of                                                                                   % of
                 Expiration   Exercise/conversion     Physical or cash    Number of
financial                                                                                 voting
                 date         period                  settlement          voting rights
instrument                                                                                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)
Ultimate           Name of controlled % of voting         % of voting           Total of both if it
controlling person undertaking        rights if it equals rights through        equals or is higher
                                 or is higher than   financial         than the notifiable
                                 the notifiable      instruments if it threshold
                                 threshold           equals or is
                                                     higher than the
                                                     notifiable
                                                     threshold

                 Rational
 Kalander
                 Expectations      10.113000           0.000000          10.113000%
 Trust
                 (Pty) Ltd

 Afrika          Beaucourt
 Avontuur        Holdings          0.039000            0.000000          0.039000%
 Trust           (Pty) Ltd

 Kalander        Potdrie (Pty)
                                   0.284000            0.000000          0.284000%
 Trust           Ltd

                 Groenpunt
 Groenpunt
                 Kapitaal          0.232000            0.000000          0.232000%
 Trust
                 Limited

                 Rozendal &
 Vinkel Trust    Associates        0.597000            0.000000          0.597000%
                 Holdings Ltd

                 Afrika
 Afrika
                 Avontuur
 Avontuur                          1.765000            0.000000          1.765000%
                 Kapitaal
 Trust
                 (Pty) 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
 The following parties are related to Rational Expectations holding
 10.113% directly (the party subject to reporting notification) and their
 respective % holdings are as follows:

 1:   Rozendal & Associates Holdings Limited - 0.597%
 2:   Groenpunt Kapitaal Limited - 0.232%
 3:   Potdrie Proprietary Limited - 0.284%
 4:   Afrika Avontuur Kapitaal Proprietary Limited - 1.765%
 5:   Beaucourt Holdings Proprietary Limited - 0.039
   12. Date of Completion



   13. Place Of Completion
     Cape Town



LONDON, 25 OCTOBER 2023


Sponsor: Investec Bank Limited

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.

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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.