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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")
PDMR Dealing, Company Secretary Dealing,
Issue of Equity and Total Voting Rights update
LONDON, 5 October 2022
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
20,144,730 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares")
following the exercise of share options by group employees and David Lovett (PDMR), Adrian
Banks (PDMR) and Toby Hewitt (Company Secretary).
David Lovett is a PDMR of the Company. David Lovett exercised 7,000,000 share options at an
exercise price of ZAR2.30 per Ordinary Share and 1,184,200 share options at an exercise price of
ZAR2.97 per Ordinary Share. Shareholders are advised that David Lovett has exercised the above
share options (8,184,200 share options in total) on a ‘sell to retain’ basis, meaning that David Lovett
intends to sell a sufficient number of Ordinary Shares to satisfy his tax liability and costs of the
associated transactions such that he will retain 1,400,000 Ordinary Shares pursuant to the exercise
of his options. Following the above transaction, David Lovett will own 1,442,000 Ordinary Shares,
representing 0.12 per cent of the Company.
Adrian Banks is a PDMR of the Company. Adrian Banks exercised 6,000,000 share options at an
exercise price of ZAR2.30 per Ordinary Share and 553,900 share options at an exercise price of
ZAR2.97 per Ordinary Share. Adrian Banks intends to sell all of the Ordinary Shares from this
exercise of options. Following the above transaction, Adrian Banks will own no Ordinary Shares.
Toby Hewitt is the Company Secretary of the Company. Toby Hewitt exercised 1,500,000 share
options at an exercise price of ZAR2.30 per Ordinary Share and 191,000 share options at an
exercise price of ZAR2.97 per Ordinary Share. Toby Hewitt intends to sell all of the Ordinary
Shares from this exercise of options. Following the above transaction, Toby Hewitt will own no
Ordinary Shares.
Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
T +44 (0)1481 731 554
gemfieldsgroup.com
A further announcement will be made once the sales of the above Ordinary Shares by David
Lovett, Adrian Banks and Toby Hewitt are completed.
Applications have been made for the new Ordinary Shares to be admitted to trading on AIM and
the JSE, both of which are expected to occur on or around 6 October 2022 ("Admission").
Following Admission there will be 1,204,948,507 Ordinary 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.
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 David Lovett
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 Exercise of Share Options
Gemfields Group Limited Page 2 of 6
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR2.97 1,184,200
ZAR2.30 7,000,000
d) Aggregated information
- Aggregated volume 8,184,200
- Price ZAR2.30 and 2.97
e) Date of the transaction 5 October 2022
f) Place of the transaction London Stock Exchange
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 Adrian Banks
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
Gemfields Group Limited Page 3 of 6
a) Description of the financial Ordinary Shares of USD0.00001 each
instrument, type of
instrument
Identification code ISIN: GG00BG0KTL52
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR2.97 553,900
ZAR2.30 6,000,000
d) Aggregated information
- Aggregated volume 6,553,900
- Price ZAR2.30 and 2.97
e) Date of the transaction 5 October 2022
f) Place of the transaction London Stock Exchange
Notification of a Transaction in terms of the JSE Listings Requirements
Name Toby Hewitt
Position Company Secretary and General Counsel
Nature of the Exercise of Share Options in respect of Ordinary Shares
transaction
Price(s) and volume(s)
Price(s) Volume(s)
ZAR2.97 191,000
ZAR2.30 1,500,000
Date of the transaction 5 October 2022
Clearance obtained Yes
Place of the transaction London Stock Exchange
Gemfields Group Limited Page 4 of 6
-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
SPONSOR (JSE) Investec Bank Limited
SEDIBELO SALE PROCESS Liberum
Scott Mathieson 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
Gemfields Group Limited Page 5 of 6
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.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
