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GEMFIELDS GROUP LIMITED - Invitation to shareholders: the Companys Remuneration Policy

Release Date: 02/12/2020 09:00
Code(s): GML     PDF:  
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Invitation to shareholders: the Company’s Remuneration Policy

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")

Invitation to shareholders: the Company’s Remuneration Policy


At the Company’s AGM on 24 June 2020, more than 25% of votes were cast against non-binding
advisory vote number 1 (to endorse the Company’s Remuneration Policy) and more than 25% of
votes were cast against non-binding advisory vote number 2 (to endorse the Company’s
Remuneration Implementation Report).

On 16 July 2020, a shareholders’ conference call was held by the Company’s Remuneration
Committee to engage, inter alia, with those dissenting shareholders who had voted against the
resolutions. Several shareholders attended the call and provided their feedback in respect of the
two remuneration reports.

The Company’s Remuneration Committee hereby invites shareholders to join them on a follow-
up conference call to be held at 2pm (GMT) on Monday 14 December 2020 in relation to the
proposed changes to the Company’s Remuneration Policy. Such changes would be made effective
1 January 2021 and presented to shareholders at the Company’s 2021 AGM. The Company also
confirms that, given the impact of the Covid-19 pandemic, no bonuses will be paid to the
Company’s two executive directors in respect of 2020.

Shareholders who wish to participate in the telephone conference are requested to contact the
Company Secretary at the email address below by 5pm (GMT) on Friday 11 December 2020 to
obtain further details for the telephone conference.

    Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                      T +44 (0)1481 731 554
              Further information on Gemfields Group Limited can be found at:

                          To join our investor mailing list, contact us on:

                           For any press enquiries please contact us on:


                                   Sean Gilbertson / David Lovett / Mark Lawrie
                                   T: +44(0) 20 7518 3400

                                   Investec Bank Limited


                                   Nehal Patel

                                   T: +44(0) 20 3100 2222

 NOMINATED ADVISER                 finnCap
                                   Christopher Raggett / Tim Redfern / Edward Whiley
                                   T: +44(0) 20 7220 0500

                                   Clayton Bush / Scott Mathieson / Kane Collings
                                   T: +44(0) 20 3100 2222

                                   Gordon Poole / Jennifer Renwick / Nick Hennis

                                   T: +44(0) 20 3757 4980


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.

Date: 02-12-2020 09:00:00
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