Enhanced Investments - Financial Portal

Notification of major holdings

Published: 2022-10-06 17:10:38 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")




Notification of major holdings
LONDON, 6 OCTOBER 2022


In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that Gemfields received formal notification on 5 October 2022 of a change of major holdings from
Rozendal Associate Holdings (Rational Expectations Ltd). Following Gemfields’ issuance and
allocation of 20,144,730 new ordinary shares on 5 October 2022, Rozendal Associate Holdings’
total positions reduced from 10.03 per cent of voting rights to 9.96 per cent of voting rights. The
total number of shares held by Rozendal Associate Holdings is unchanged, holding a total of
120,094,065 ordinary shares.

Rozendal Associate Holdings’ completed TR-1 form has been released separately.




                                               -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, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
                                           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
                                   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 supplier of responsibly sourced 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 licenses 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, 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 and has played an important role in the growth of the
global coloured gemstone sector.




Gemfields Group Limited                                                                 Page 2 of 7
                                    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 3 of 7
             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

Other

Comments

Change in shareholding

3. Details of person subject to the notification obligation

Name

Rozendal Associate Holdings

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)


Gemfields Group Limited                                               Page 4 of 7
5. Date on which the threshold was crossed or reached

05-Oct-2022

6. Date on which Issuer notified

05-Oct-2022

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
         .          to shares (total   instruments       % (8.A + 8.B)
                                                                            voting rights
                                                                            held in issuer
                    of 8.A)            (total of 8.B 1
                                       + 8.B 2)


  Resulting
  situation on
  the date on
  which              9.960000           0.000000          9.960000          120094065
  threshold
  was crossed
  or reached

  Position of
  previous
  notification       10.030000          0.000000          10.030000
  (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

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


GG00BG0KTL52          91986283           28107782           7.630000          2.330000

Sub Total 8.A         120094065                             9.960000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))



Gemfields Group Limited                                                                       Page 5 of 7
                                                 Number of voting rights that
                                                                              % of
Type of financial Expiration Exercise/conversion may be acquired if the
                                                                              voting
instrument        date       period              instrument is
                                                                              rights
                                                 exercised/converted


Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))
Type of                                          Physical or     Number of       % of
              Expiration   Exercise/conversion
financial                                        cash            voting          voting
              date         period
instrument                                       settlement      rights          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)

                                                      % of voting
                                     % of voting      rights through
                                                                        Total of both if it
                                     rights if it     financial
Ultimate                                                                equals or is
                  Name of controlled equals or is     instruments if
controlling                                                             higher than the
                  undertaking        higher than      it equals or is
person                                                                  notifiable
                                     the notifiable   higher than the
                                                                        threshold
                                     threshold        notifiable
                                                      threshold


                    Rational
  Kalander
                    Expectations       7.634000         0.000000          7.634000%
  Trust
                    (Pty) Ltd

                    Afrika
  Afrika
                    Avontuur
  Avontuur                             1.312000         0.000000          1.312000%
                    Kapitaal
  Trust
                    (Pty) Ltd

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

  Kalander          Potdrie (Pty)
                                       0.185000         0.000000          0.185000%
  Trust             Ltd




Gemfields Group Limited                                                                       Page 6 of 7
                   Groenpunt
  Groenpunt
                   Kapitaal       0.234000   0.000000   0.234000%
  Trust
                   Limited

                   Rozendal &
  Vinkel
                   Associates     0.595000   0.000000   0.595000%
  Trust
                   Holdings 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 7.634%
directly (the party subject to reporting notification) and their respective %
holdings are as follows:

1:   Rozendal & Associates Holdings Limited - 0.595%
2:   Groenpunt Kapitaal Limited - 0.234%
3:   Potdrie Proprietary Limited - 0.185%
4:   Afrika Avontuur Kapitaal Proprietary Limited - 1.312%
5:   Beaucourt Holdings Proprietary Limited - 0.039%

12. Date of Completion



13. Place Of Completion

Cape Town




Gemfields Group Limited                                              Page 7 of 7

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

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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.