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Gemfields Group Ltd (GEM)

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Tuesday 17 March, 2020

Gemfields Group Ltd

Standard form for notification of major holdings

RNS Number : 3702G
Gemfields Group Limited
17 March 2020
 

GEMFIELDS GROUP LIMITED

(Incorporated in Guernsey)

(South African external company registration number 2009/012636/10)

Share code on JSE:GML  / AIM:GEM / BSX:GML.BH

  ISIN: GG00BG0KTL52  LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Company")

17 March 2020 

 

 

Further to the announcement of 16 March 2020 in relation to the disclosure of beneficial interests in the Company's securities the related TR-1 form for Rational Expectations (Pty) Ltd can be found below.

 

 

TR-1: S tandard 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 attached ii :

Gemfields Group Limited

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 obligation iv

Name

Rational Expectations (Pty) Ltd

City and country of registered office (if applicable)

South Africa, Cape Town

4. Full name of shareholder(s) (if different from 3.) v

Name

Rational Expectations (Pty) Ltd

Rozendal & Associates Holdings Limited

Afrika Avontuur Kapitaal (Pty) Ltd

Afrika Avontuur Trust

Potdrie (Pty) Ltd

Ms Sophia Lynette du Pre Le Roux

Mr Johan Michel du Pre Le Roux

Mr Christo Norman du Pre Le Roux

City and country of registered office (if applicable)

South Africa, Cape Town, except Rozendal & Associates Holdings Limited whose registered office is situated in Port Louis, Mauritius.

5. Date on which the threshold was crossed or reached vi :

12 March 2020

6. Date on which issuer notified (DD/MM/YYYY):

13 March 2020

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer vii

Resulting situation on the date on which threshold was crossed or reached

5.62%

0%

5.62%

65,863,433

Position of previous notification (if

applicable)

N/A

N/A

N/A


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

AIM: GEM.L

5,555,555

0

0.47%

0%

JSE: GML.JO

54.992,687

5,315,191

4.70%

0.45%






SUBTOTAL 8. A

65,863,433

5.62%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

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))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights

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 (please add additional rows as necessary)

X

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Rational Expectations (Pty) Ltd

4.70%

0%

4.70%

Rozendal & Associates Holdings Limited

0.47%

0%

0.47%

Afrika Avontuur Kapitaal (Pty) Ltd

0.27%

0%

0.27%

Afrika Avontuur Trust

0.09%

0%

0.09%

Potdrie (Pty) Ltd

0.08%

0%

0.08%

Mr Christo Norman du Pre Le Roux

0.002%

0%

0.002%

Ms Sophia Lynette du Pre Le Roux

0.002%

0%

0.002%

Mr Johan Michel du Pre Le Roux

0.002%

0%

0.002%


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 information xvi


 

Place of completion

Cape Town

Date of completion

16 March 2020

 

 

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

To join our press release mailing list, click here: [email protected] 

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

 

Enquiries:



Gemfields

Nominated Adviser and Broker (AIM)

Sean Gilbertson / David Lovett / Mark Lawrie

finnCap

Tel: +44(0) 20 7518 3400

Scott Mathieson / Edward Whiley


Tel: +44(0) 20 7220 0500



Sponsor (JSE)

IR / Financial PR

Investec Bank Limited

Camarco


Gordon Poole / Jennifer Renwick / Nick Hennis


Tel: +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.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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