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GEMFIELDS GROUP LIMITED - Disclosure of beneficial interests in securities

Release Date: 28/09/2021 15:00
Code(s): GML     PDF:  
Wrap Text
Disclosure of beneficial interests in securities

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")



Disclosure of beneficial interests in securities

LONDON, 28 SEPTEMBER 2021


In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that Gemfields received formal notification on 28 September 2021 of disposals on 27 September
2021 by various entities associated with Dr Christo Wiese and his family and associates of a
beneficial interest in 154,658,406 ordinary shares of the Company. Following the disposal, Dr
Wiese held a beneficial interest in 5,730,000 ordinary shares or 0.49% of the total issued shares in
the Company. Prior to the disposal, Dr Wiese held a beneficial interest of 13.72% of the total
issued shares in the Company.

Bloomberg reported an off-market block trade totalling 137,500,000 shares at a price of ZAR 3.50
per share on 27 September 2021.

Dr Wiese’s completed form TR-1 has been released separately.



                                                -ENDS-




               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 Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
 GEMFIELDS                         Sean Gilbertson / David Lovett / Mark Lawrie
                                   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 / Nick Hennis
                                   T: +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 licenses 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, 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.



                                         GEMFIELDS

                          GEMFIELDS.COM | INVESTORS |FOUNDATION

                          INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                          FABERGÉ

               FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                   KAGEM MINING LINKEDIN

                              MONTEPUEZ RUBY MINING LINKEDIN



TR-1: Standard form for notification of major holdings


1. Issuer Details

ISIN

GG00BG0KTL52

Issuer Name

GEMFIELDS GROUP LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Titan Share Dealers (Pty) Ltd

City of registered office (if applicable)

Cape Town

Country of registered office (if applicable)

South Africa

4. Details of the shareholder

                                    City of registered      Country of registered
 Name
                                    office                  office


  Dr Christoffel Hendrik
                                     Cape Town               South Africa
  Wiese

5. Date on which the threshold was crossed or reached

27-Sep-2021

6. Date on which Issuer notified

28-Sep-2021

7. Total positions of person(s) subject to the notification
obligation

                                     % of voting
                    % of voting
                                     rights through
                    rights                               Total of both   Total number of
                                     financial
         .          attached to
                                     instruments
                                                         in % (8.A +     voting rights
                    shares (total                        8.B)            held in issuer
                                     (total of 8.B 1
                    of 8.A)
                                     + 8.B 2)


  Resulting
  situation on
  the date on
  which              0.490265         0.000000            0.490265       5730000
  threshold
  was crossed
  or reached

  Position of
  previous
  notification       13.72                                13.72          160388406
  (if
  applicable)


8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached

8A. Voting rights attached to shares

                      Number of
Class/Type of                       Number of         % of direct          % of indirect
                      direct voting
shares ISIN                         indirect voting   voting rights        voting rights
                      rights
code(if possible)                   rights (DTR5.2.1) (DTR5.1)             (DTR5.2.1)
                      (DTR5.1)


GG00BG0KTL52            0             5730000             0.000000           0.490265

Sub Total 8.A
                        5730000                           0.490265%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

                                                 Number of voting rights that
                                                                              % of
Type of financial Expiration Exercise/conversion may be acquired if the
                                                                              voting
instrument        date       period              instrument is
                                                                              rights
                                                 exercised/converted


Sub Total 8.B1


8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))

Type of                                            Physical or      Number of       % of
                Expiration   Exercise/conversion
financial                                          cash             voting          voting
                date         period
instrument                                         settlement       rights          rights


Sub Total
8.B2


9. Information in relation to the person subject to the notification
obligation

2. 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 entities (please add additional
rows as necessary)

                                                         % of voting
                                       % of voting       rights through
                                                                           Total of both if it
                                       rights if it      financial
Ultimate            Name of                                                equals or is
                                       equals or is      instruments if
controlling         controlled                                             higher than the
                                       higher than the   it equals or is
person              undertaking                                            notifiable
                                       notifiable        higher than the
                                                                           threshold
                                       threshold         notifiable
                                                         threshold



  Dr
                   Titan Share
  Christoffel
                   Dealers       0.000000   0.000000   0.000000%
  Hendrik
                   (Pty) Ltd
  Wiese

  Dr
                   CCIJ
  Christoffel
                   Investments   0.000000   0.000000   0.000000%
  Hendrik
                   (Pty) Ltd
  Wiese

  Dr               Rickshaw
  Christoffel      Trade &
                                 0.000000   0.000000   0.000000%
  Hendrik          Invest 2
  Wiese            (Pty) Ltd

  Dr
                   Main Street
  Christoffel
                   290 (Pty)     0.000000   0.000000   0.000000%
  Hendrik
                   Ltd
  Wiese

  Dr
  Christoffel      Myrtledare
                                 0.000000   0.000000   0.000000%
  Hendrik          Corp
  Wiese

  Kalor 1          Rivomore
                                 0.000000   0.000000   0.000000%
  Trust            Limited

  Kalor 1
                   Telamon Inc   0.000000   0.000000   0.000000%
  Trust

10. In case of proxy voting

Name of the proxy holder



The number and % of voting rights held



The date until which the voting rights will be held




11. Additional Information



12. Date of Completion

27-Sep-2021

13. Place Of Completion

Cape Town, South Africa

Date: 28-09-2021 03:00:00
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