GEMFIELDS GROUP LIMITED - Results of Extraordinary General Meeting

Results of Extraordinary General Meeting

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")


Results of Extraordinary General Meeting
LONDON, 30 NOVEMBER 2022


Shareholders are advised that the Company’s Extraordinary General Meeting (“EGM”) was held
today, Wednesday 30 November 2022, pursuant to which the Company sought shareholder
approval for a general share buy-back programme of up to USD 10 million (the “Share Buy-Back”).


The Company is pleased to announce that all the binding resolutions as set out in the notice of
EGM and accompanying shareholder circular were duly passed by the requisite majority of
shareholders.


Accordingly, the Company expects to commence the Share Buy-Back as soon as reasonably
practicable. The Company will release a further announcement once the programme has
commenced.


Details of the voting results at the EGM are as follows:


 Total number of Ordinary Shares (with voting rights)                       1,207,479,465


 Total number of Ordinary Shares present/represented including                750,358,042
 proxies at the meeting (including shares abstained from voting)


 Total number of Ordinary Shares present/represented including               750,022,257
 proxies at the meeting (excluding shares abstained from voting)


 Percentage of Ordinary Shares represented at the meeting                         62.14%




 Resolution proposed                                      For            Against    Abstain



 Special Resolution 1:



 General Authority to Repurchase Ordinary Shares          749,968,219     54,038       335,785


                                                          99.99%           0.01%



 Special Resolution 2:



 General Authority to Cancel Ordinary Shares              749,945,832     43,294       366,019


                                                          99.99%          0.01%



 Ordinary Resolution



 Authorising Resolution                                   749,984,219    38,038       335,785


                                                          99.99%         0.01%




                                             -ENDS-




              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                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: 30-11-2022 05:06:00
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