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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, 30 NOVEMBER 2021
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that Gemfields has received formal notification from Rational Expectations (Pty) Ltd (“Rational”)
on 29 November 2021, that Rational and related parties acquired a beneficial interest in ordinary
shares of the Company, such that the total beneficial interest in ordinary shares of the Company
held by Rational is now 9.02% of the total issued shares of the Company. Following the acquisition,
Rational held a total of 105,500,462 ordinary shares in the Company.
Rational’s completed form TR-1 is attached.
-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 Sean Gilbertson / David Lovett / Mark Lawrie
T: +44(0) 20 7518 3400
Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
T +44 (0)1481 731 554
gemfieldsgroup.com
SPONSOR (JSE) Investec Bank Limited
SEDIBELO SALE PROCESS Liberum
Nehal Patel
T: +44(0) 20 3100 2222
NOMINATED ADVISER finnCap Ltd
(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.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
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 Gemfields Group Limited
attachedii:
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
Gemfields Group Limited Page 3 of 8
City and country of registered office (if applicable) Cape Town, South Africa
4. Full name of shareholder(s) (if different from 3.)v
Rational Expectations (Pty) Ltd
Rozendal & Associates Holdings Ltd
Groenpunt Kapitaal Limited
Afrika Avontuur Kapitaal (Pty) Ltd
Afrika Avontuur Trust
Name Potdrie (Pty) Ltd
Beaucourt Holdings (Pty) Ltd
Mr Christo Norman du Pré le Roux
Ms Sophia Lynette du Pré le Roux
Mr Johan Michel du Pré le Roux
Ms Catherine Cecile du Pré le Roux
Cape Town, South Africa, except Rozendal &
Associates Holdings Ltd and Groenpunt Kapitaal
City and country of registered office (if applicable)
Ltd whose registered office is situated in Port
Louis, Mauritius.
5. Date on which the threshold was crossed or
26 November 2021
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 29 November 2021
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in %
attached to shares voting rights of
instruments (8.A + 8.B)
(total of 8. A) issuervii
(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
9.02% 0% 9.02% 1,169,478,030
threshold was
crossed or reached
Gemfields Group Limited Page 4 of 8
Position of previous
notification (if
8.41% 0% 8.41%
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
Direct Indirect Direct Indirect
ISIN code (if possible)
(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 0 8,894,068 0% 0.76%
JSE: GML.JO 79,496,308 17,110,086 6.80% 1.46%
SUBTOTAL 8. A 105,500,462 9.02%
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 Expiration Exercise/ that may be acquired if
the instrument is % of voting rights
instrument datex Conversion Periodxi
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))
Physical or
Exercise/
Type of financial Expiration cash Number of
Conversion % of voting rights
instrument datex voting rights
Period 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
equals or is higher equals or is higher
Namexv instruments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
Rational Expectations
6.798% 0% 6.798%
(Pty) Ltd
Rozendal & Associates
0.524% 0% 0.524%
Holdings Ltd
Groenpunt Kapitaal Ltd 0.236% 0% 0.236%
Afrika Avontuur Kapitaal
1.134% 0% 1.134%
(Pty) Ltd
Afrika Avontuur Trust 0.092% 0% 0.092%
Beaucourt Holdings
0.040% 0% 0.040%
(Pty) Ltd
Potdrie (Pty) Ltd 0.187% 0% 0.187%
Mr Christo Norman du
0.002% 0% 0.002%
Pré le Roux
Ms Sophia Lynette du
0.002% 0% 0.002%
Pré le Roux
Mr Johan Michel du Pré
0.002% 0% 0.002%
Le Roux
Ms Catherine Cecile du
0.002% 0% 0.002%
Pré 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 29 November 2021
Date: 30-11-2021 12:45:00
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