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GEMFIELDS GROUP LIMITED - TR-1: Standard form for notification of major holdings

Release Date: 01/08/2023 08:00
Code(s): GML     PDF:  
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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
ISIN: GG00BG0KTL52|LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")


TR-1: Standard form for notification of major holdings

1.  Issuer Details
    ISIN
    GG00BG0KTL52
    Issuer Name
    GEMFIELDS GROUP LIMITED
    UK or Non-UK Issuer
    UK
2.  Reason for Notification
    An acquisition or disposal of voting rights
3.  Details of person subject to the notification obligation
    Name
    Ninety One UK Ltd
    City of registered office (if applicable)

    Country of registered office (if applicable)
    GB
4.  Details of the shareholder
    Full name of shareholder(s) if different from the person(s)
    subject to the notification obligation, above

    City of registered office (if applicable)

    Country of registered office (if applicable)

5.  Date on which the threshold was crossed or reached
    27-Jul-2023
6.  Date on which Issuer notified
    31-Jul-2023
7.  Total positions of person(s) subject to the notification
    obligation

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

  Resulting                        4.970500            0.000000           4.970500            60870685
  situation on the
  date on which                             
  threshold was
  crossed or
  reached

  Position of
  previous
  notification (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 indirect                             % of indirect
                      direct voting                           % of direct voting
shares ISIN                                 voting rights                             voting rights
                             rights                              rights (DTR5.1)
code(if possible)                              (DTR5.2.1)                                (DTR5.2.1)
                           (DTR5.1)

GG00BG0KTL52                      0              60870685               0.000000           4.970500

Sub Total 8.A              60870685                                    4.970500%


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                                                                                        % of
                     Expiration   Exercise/conversion      Physical or cash    Number of
financial                                                                                    voting
                           date                period            settlement       voting     rights
instrument                                                           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 rights
                                   % of voting rights
                                                           through financial     Total of both if it
                        Name of    if it equals or is
Ultimate                                                   instruments if it     equals or is higher
                     controlled       higher than the
controlling person                                       equals or is higher     than the notifiable
                    undertaking            notifiable   
                                                         than the notifiable               threshold
                                            threshold
                                                                   threshold

                         Ninety
                            One
  Ninety One             Africa                  
  Limited                 (Pty)
                        Limited
                    

                         Ninety
  Ninety One           One (SA)
  Africa (Pty)              Pty
  Limited               Limited              4.970500              0.000000              4.970500%
                    
  
                    

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
     Ninety One originally increased our holding above the 5% UK
     disclosure threshold on 25/04/2019. However, as Gemfields Group Ltd
     did not list on LSE until after this date, we were never required to
     disclose threshold crossing this to the market.
12.  Date of Completion
     31-Jul-2023
13.  Place Of Completion
     London


1 August 2023

Sponsor
Investec Bank Limited

Date: 01-08-2023 08:00:00
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