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TR-1: Standard form for notification of major holdings
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 / BSX:GML.BH
ISIN: GG00BG0KTL52 LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")
17 March 2020
Further to the announcement of 16 March 2020 in relation to the disclosure of beneficial interests in the Company’s
securities the related TR-1 form for Rational Expectations (Pty) Ltd can be found below.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)i
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are at- Gemfields Group Limited
tachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name Rational Expectations (Pty) Ltd
City and country of registered office (if applicable) South Africa, Cape Town
4. Full name of shareholder(s) (if different from 3.)v
Rational Expectations (Pty) Ltd
Rozendal & Associates Holdings Limited
Afrika Avontuur Kapitaal (Pty) Ltd
Name Afrika Avontuur Trust
Potdrie (Pty) Ltd
Ms Sophia Lynette du Pre Le Roux
Mr Johan Michel du Pre Le Roux
Mr Christo Norman du Pre Le Roux
South Africa, Cape Town, except Rozendal & As-
City and country of registered office (if applicable) sociates Holdings Limited whose registered office
is situated in Port Louis, Mauritius.
5. Date on which the threshold was crossed or
12 March 2020
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 13 March 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights at- Total number of
through financial instru- Total of both in %
tached to shares (to- voting rights of is-
ments (8.A + 8.B)
tal of 8. A) suervii
(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
threshold was
5.62% 0% 5.62% 65,863,433
crossed or reached
Position of previous
notification (if N/A N/A N/A
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of Number of voting rightsix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
AIM: GEM.L 5,555,555 0 0.47% 0%
JSE: GML.JO 54.992,687 5,315,191 4.70% 0.45%
SUBTOTAL 8. A 65,863,433 5.62%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of financial in- Expiration Exercise/ that may be acquired if
% of voting rights
strument datex Conversion Periodxi the instrument is
exercised/converted.
N/A N/A N/A N/A N/A
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Exercise/ Physical or
Type of financial Expiration Number of
Conversion Pe- cash % of voting rights
instrument datex voting rights
riod xi settlementxii
N/A N/A N/A N/A N/A
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
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 entity xiv X
(please add additional rows as necessary)
% of voting rights
% of voting rights if it Total of both if it
through financial in-
equals or is higher equals or is higher
Namexv struments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
Rational Expectations
4.70% 0% 4.70%
(Pty) Ltd
Rozendal & Associates
0.47% 0% 0.47%
Holdings Limited
Afrika Avontuur Kapitaal
0.27% 0% 0.27%
(Pty) Ltd
Afrika Avontuur Trust 0.09% 0% 0.09%
Potdrie (Pty) Ltd 0.08% 0% 0.08%
Mr Christo Norman du
0.002% 0% 0.002%
Pre Le Roux
Ms Sophia Lynette du
0.002% 0% 0.002%
Pre Le Roux
Mr Johan Michel du Pre
0.002% 0% 0.002%
Le Roux
10. In case of proxy voting, please identify:
Name of the proxy holder Not applicable
The number and % of voting rights held Not applicable
The date until which the voting rights will be held Not applicable
11. Additional informationxvi
Place of completion Cape Town
Date of completion 16 March 2020
Further information on Gemfields Group Limited can be found at www.gemfieldsgroup.com
To join our press release mailing list, click here: gemfields@gemfields.com
For any press enquiries please contact us on gemfields@camarco.co.uk
Enquiries:
Gemfields Nominated Adviser and Broker (AIM)
Sean Gilbertson / David Lovett / Mark Lawrie finnCap
Tel: +44(0) 20 7518 3400 Scott Mathieson / Edward Whiley
Tel: +44(0) 20 7220 0500
Sponsor (JSE) IR / Financial PR
Investec Bank Limited Camarco
Gordon Poole / Jennifer Renwick / Nick Hennis
Tel: +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 li-
censes in Zambia, Mozambique, Ethiopia and Madagascar.
Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gem-
fields 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.
Date: 17-03-2020 09:00:00
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