Director/PDMR Shareholding

RNS Number : 9871K
Gemfields Group Limited
10 May 2022
 

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")

 

Director/PDMR Shareholding

LONDON, 10 May 2022

On 21 April 2022 the Company announced that CV Suresh, a PDMR of the Company, had exercised 783,100 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,700,000 share options at an exercise price of ZAR2.30 per Ordinary Share.

In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that CV Suresh has sold 3,483,100 ordinary shares of USD0.00001 each in the company ("Ordinary Shares"), at an average price of 3.25 Rand per Ordinary Share. Following the above transaction, Mr Suresh has an interest in 95,600 Ordinary Shares, representing 0.01 per cent of the Company.

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, we disclose the following additional information:

Nature of transaction

On market sale of shares

Volume weighted average price

R3.25 (R3.22 net of transaction costs)

Total value of transaction

R11,207,488.05  (net of transaction costs)

Highest price

R3.30

Lowest price

R3.25

Nature of interest

DIRECT BENEFICIAL

 

Clearance was obtained for the above dealings in securities.

 

-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
T:
 +44(0) 20 7518 3400

SPONSOR (JSE)

Investec Bank Limited

NOMINATED ADVISER
(AIM) & JOINT BROKER

finnCap
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

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

CV Suresh

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Gemfields Group Limited

b)

 

LEI

 

21380017GAVXTCYS5R31

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of USD0.00001 each



Identification code

ISIN: GG00BG0KTL52



b)

 

Nature of the transaction

 

Sale of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R3.25 to R3.30

3,483,100







d)

 

Aggregated information




- Aggregated volume

3,483,100



- Price

R3.25

e)

 

Date of the transaction

 

 

10 May 2022

f)

 

Place of the transaction

London Stock Exchange

 

 

 

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