Try our mobile app

PDMR shareholding, Issue of Equity and Total Voting Rights update

Published: 2022-05-09 06:00:00 ET
<<<  go to JSE:GML company page
Gemfields Group Limited (JSE:GML) News - PDMR shareholding, Issue of Equity and Total Voting Rights update

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")




PDMR shareholding, Issue of Equity and Total Voting Rights update

LONDON, 9 May 2022


In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
2,942,757 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following
the exercise of share options by Kartikeya Parikshya.

Kartikeya Parikshya is a PDMR of the Company. Kartikeya Parikshya exercised 2,000,000 share
options at an exercise price of ZAR2.30 per Ordinary Share and 942,757 share options at an
exercise price of ZAR2.97. Following the above transaction, Kartikeya Parikshya has an interest in
2,987,757 Ordinary Shares, representing 0.25 per cent of the Company.

Applications have been made for the new Ordinary Shares to be admitted to trading on AIM and
the JSE, both which are expected to occur on or around 10 May 2022 ("Admission").

Following Admission there will be 1,182,697,367 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                          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                  942,757
                                         ZAR2.30                  2,000,000

 d)    Aggregated information

       - Aggregated volume               2,942,757

       - Price                           ZAR2.30 and 2.97
 e)    Date of the transaction           9 May 2022


 f)    Place of the transaction          London Stock Exchange




              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
                                   Nehal Patel
                                   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




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






Date: 09-05-2022 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.