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GEMFIELDS GROUP LIMITED - PDMR Dealing, Issue of Equity and Total Voting Rights

Release Date: 27/06/2023 08:00
Code(s): GML     PDF:  
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PDMR Dealing, Issue of Equity and Total Voting Rights

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 Dealing, Issue of Equity and Total Voting Rights

LONDON, 27 JUNE 2023


In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
5,593,042 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following
the exercise of share options by a group employee and Sean Gilbertson (a person discharging
managerial responsibilities, or “PDMR”).

Mr Gilbertson has exercised 5,578,042 share options at an exercise price of ZAR3.45 per Ordinary
Share. Following the above transactions, Mr Gilbertson will own 17,548,327 Ordinary Shares,
representing 1.43 per cent of the Company.

Applications have been made for the 5,593,042 new Ordinary Shares to be admitted to trading on
AIM and the JSE, both of which are expected to occur on or around 28 June 2023 ("Admission").

Following Admission there will be 1,224,539,654 Ordinary Shares in issue, including treasury
shares. The number of Ordinary Shares (excluding treasury shares) that carry the right to one vote
per Ordinary Share is 1,222,810,104. 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                            Sean Gilbertson

 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)
                                      ZAR3.45                  5,578,042

 d)   Aggregated information

      - Aggregated volume             5,578,042

      - Price                         ZAR3.45
 e)   Date of the transaction         27 June 2023


 f)   Place of the transaction        Johannesburg Stock Exchange



               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

This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) no. 596/2014 which forms part of domestic UK law pursuant to the European Union
(withdrawal) act 2018 ("MAR").



                                           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 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 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: 27-06-2023 08:00:00
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