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Gemfields Group Ltd (GEM)

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Thursday 14 January, 2021

Gemfields Group Ltd

Disclosure of beneficial interests in securities

RNS Number : 7497L
Gemfields Group Limited
14 January 2021
 

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, 14 JANUARY 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 14 January 2021, that Rational and related parties acquired a beneficial interest in the ordinary shares of the Company, such that the total beneficial interest in ordinary shares of the Company held by Rational is now 8.41% of the total issued shares of the Company. Following the acquisition, Rational held a total of 97,276,350 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:
[email protected]

 

For any press enquiries please contact us on:
[email protected]

ENQUIRIES

 

GEMFIELDS

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

SPONSOR (JSE)

Investec Bank Limited

SEDIBELO SALE PROCESS

Liberum

Nehal Patel

T: +44(0) 20 3100 2222

NOMINATED ADVISER
(AIM) & JOINT BROKER

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

JOINT BROKER

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

FINANCIAL PR/ IR

Camarco
Gordon Poole / Jennifer Renwick / 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.

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