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GEMFIELDS GROUP LIMITED - Disclosure of beneficial interests in securities

Release Date: 18/04/2019 08:55
Code(s): GML     PDF:  
 
Wrap Text
Disclosure of beneficial interests in securities

GEMFIELDS GROUP LIMITED
(formerly Pallinghurst Resources Limited)
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: GML.BH ISIN: GG00BG0KTL52
Share code on the JSE: GML
("Gemfields" or the "Company")


Disclosure of Beneficial Interests In Securities

In compliance with paragraph 3.83(b) of the JSE Listings Requirements, the Company hereby discloses
the acquisition of a beneficial interest of 0.1226% in the Company’s securities by Investec Limited
(“Investec”). The acquisition resulted in Investec’s percentage holding in the Company’s securities
increasing from 4.9538% to 5.0764%. Following the acquisition, Investec held a total of 72,677,822
ordinary shares in the Company.


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.

Further information on Gemfields Group Limited can be found at www.gemfieldsgroup.com.

For any press enquiries please contact us on investor.relations@gemfields.com.

Guernsey
18 April 2019

Sponsor
Investec Bank Limited

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