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PDMR Dealing, Issue of Equity and Total Voting Rights

Published: 2022-11-30 10:00:43 ET
<<<  go to JSE:GML company page
                      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, Issue of Equity and Total Voting
Rights
LONDON, 30 NOVEMBER 2022


In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
2,607,767 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following
the exercise of share options by group employees and Kartikeya Parikshya (a person discharging
managerial responsibilities, or “PDMR”).

Kartikeya Parikshya has exercised 1,000,000 share options at an exercise price of ZAR2.30 per
Ordinary Share and 471,377 share options at an exercise price of ZAR2.97 per Ordinary Share.
Following the above transactions, Kartikeya Parikshya will own 1,516,377 Ordinary Shares,
representing 0.12 per cent of the Company.

A further announcement will be made once the sale of the above 1,471,377 Ordinary Shares by
Kartikeya Parikshya is completed.

Applications have been made for the 2,607,767 new Ordinary Shares to be admitted to trading on
AIM and the JSE, both of which are expected to occur on or around 5 December 2022
("Admission").

Following Admission there will be 1,210,087,232 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.




   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
      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                          Kartikeya Parikshya

 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

 c)    Price(s) and volume(s)
                                         Price(s)                 Volume(s)
                                         ZAR2.97                  471,377
                                         ZAR2.30                  1,000,000

 d)    Aggregated information

       - Aggregated volume            1,471,377

       - Price                        ZAR2.30 and 2.97
 e)    Date of the transaction        30 November 2022


 f)    Place of the transaction       London Stock Exchange



Gemfields Group Limited                                                           Page 2 of 4
                                             -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



                                           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 Group Limited                                                                Page 3 of 4
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 4 of 4