| Tue 7 Sep 2021, 15:00 | | GEMFIELDS GROUP LIMITED - Disclosure of beneficial interests in securities |
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Disclosure of beneficial interests in securities
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")
Disclosure of beneficial interests in securities
LONDON, 7 SEPTEMBER 2021
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that Gemfields received formal notification on 7 September 2021 from Assore International
Holdings Limited (“Assore”) that Assore acquired on 3 September 2021 a beneficial interest in
58,413,859 ordinary shares of the Company such that, following the acquisition, Assore held a total
of 58,413,859 ordinary shares, equivalent to 5.00% of the total issued shares of the Company.
The acquisition was conducted as an off-market block trade and online share price services
including the Financial Times reported the trade at ZAR 3.20 per share.
Assore’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:
companysecretary@gemfields.com
For any press enquiries please contact us on:
gemfields@camarco.co.uk
ENQUIRIES
Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
T +44 (0)1481 731 554
gemfieldsgroup.com
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 finnCap
(AIM) & JOINT BROKER 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 / 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.
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 MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i
ISIN GG00BG0KTL52
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are GEMFIELDS GROUP LIMITED
attached ii:
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 ASSORE INTERNATIONAL HOLDINGS LIMITED
City and country of registered office (if applicable) LONDON, UNITED KINGDOM
4. Full name of shareholder(s) (if different from 3.) v
Name N/A
City and country of registered office (if applicable) N/A
5. Date on which the threshold was crossed or
03-SEP-2021
reached vi:
6. Date on which issuer notified (DD/MM/YYYY): 07-SEP-2021
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in %
attached to shares voting rights held in
instruments (8.A + 8.B)
(total of 8. A) issuer (8.A + 8.B) vii
(total of 8.B 1 + 8.B 2)
Resulting situation 5.00% 0.00% 5.00% 58 413 859
on the date on which
threshold was
crossed or reached
Position of previous
notification (if
applicable)
TR-1: Standard form for notification of major holdings
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 Number of voting rights ix % of voting rights
shares
Direct Indirect Direct Indirect
ISIN code (if possible)
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GG00BG0KTL52 58 413 859 5.00%
SUBTOTAL 8. A 58 413 859 5.00%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting rights
Type of financial Expiration Exercise/ % of voting
that may be acquired if the
instrument date x Conversion Period xi rights
instrument is
Gemfields Group Limited Page 5 of 8
exercised/converted.
SUBTOTAL 8. B 1 N/A N/A
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Physical or
Exercise/
Type of financial Expiration cash Number of % of voting
Conversion
instrument date x voting rights rights
Period xi
Settlement xii
SUBTOTAL
N/A n/A
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
(please add additional rows as necessary) xiv
% of voting rights
% of voting rights if it Total of both if it
through financial
equals or is higher equals or is higher
Name xv instruments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
ASSORE LIMITED 5.00% 5.00%
ASSORE TREASURY
5.00% 5.00%
COMPANY LIMITED
ASSORE
INTERNATIONAL 5.00% 5.00%
HOLDINGS LIMITED
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional information xvi
Nil
Place of completion Winchester, United Kingdom
Date of completion 07-Sep-2021
Date: 07-09-2021 03:00:00
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