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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")
Notification of major holdings, Director/PDMR
shareholdings
LONDON, 2 NOVEMBER 2023
In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM Rule 17,
shareholders are advised that Gemfields received formal notification on 1 November 2023 from
Assore International Holdings Limited (“Assore”) that it acquired 12,219,181 ordinary shares of
USD0.00001 each in Gemfields (“Ordinary Shares”) on 18 October 2023.
As of 18 October 2023, Assore held a total of 340,367,121 Ordinary Shares in the Company,
equivalent to 28.27 per cent of the total issued shares in the Company (excluding treasury shares).
Assore’s completed TR-1 form has been released separately.
Shareholders are advised that Assore’s shareholding represents 29.19 per cent of the total issued
shares in Gemfields that carry voting rights as at today’s date, following Gemfields share buyback
repurchases announced on the 19 October 2023 and 23 October 2023.
Patrick Sacco and Kieran Daly are Non-Executive Director and Alternate Non-Executive
Director of Gemfields, respectively. Mr Sacco is also Managing Director of, and holds a
beneficial interest in Assore, and Mr Daly is also a Non-Executive Director of Assore. As noted
at the time of his appointment, Mr Sacco is therefore deemed to have a beneficial interest in
Assore’s entire legal holding in Gemfields.
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 Patrick Sacco
2 Reason for the notification
a) Position/status Non-Executive Director
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
Gemfields Group Limited Page 2 of 5
Identification code ISIN: GG00BG0KTL52
b) Nature of the transaction Purchase of Ordinary Shares by Assore. Mr Sacco is
Managing Director of, and holds a beneficial interest
in, Assore. Mr Sacco is therefore deemed to have a
beneficial interest in Assore’s entire legal holding in
Gemfields.
c) Price(s) and volume(s)
Price(s) Volume(s)
R3.15 12,219,181
d) Aggregated information
- Aggregated volume 12,219,181
- Price R3.15
e) Date of the transaction 18 October 2023
f) Place of the transaction Johannesburg Stock Exchange
-ENDS-
Gemfields Group Limited Page 3 of 5
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 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
Gemfields Group Limited Page 4 of 5
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’ 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
