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GEMFIELDS GROUP LIMITED - PDMR Shareholdings

Release Date: 07/11/2024 09:00
Code(s): GML     PDF:  
Wrap Text
PDMR Shareholdings

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")


PDMR Shareholdings

LONDON, 7 NOVEMBER 2024

On 30 October 2024, the Company announced that Kartikeya Parikshya, a PDMR of the
Company, had exercised 1,000,000 share options at an exercise price of ZAR2.30 per ordinary
share of USD0.00001 each in the company ("Ordinary Shares").

In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that
Mr Parikshya has sold 1,000,000 Ordinary Shares, at an average price of ZAR2.36 per Ordinary
Share. Following the above transaction, Mr Parikshya owns 45,000 Ordinary Shares, representing
0.004 per cent of the Company.

In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the Company discloses
the following additional information:

Nature of transaction                   On market sale of shares
Volume weighted average price           ZAR2.36666
Total value of transaction              ZAR2,366,660 (this figure includes the total
                                        exercise costs of the 1,000,000 options at
                                        ZAR2.30, so the gain is ZAR66,660)
Highest price                           ZAR2.50
Lowest price                            ZAR2.35
Nature of interest                      DIRECT BENEFICIAL

Clearance was obtained for the above dealings in securities.

      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                          Kartikeya Parikshya

 2     Reason for the notification

 a)    Position/status                PDMR

 b)    Initial notification           Initial Notification
       /Amendment

 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   Ordinary Shares of USD0.00001 each
       instrument, type of
       instrument

       Identification code            ISIN: GG00BG0KTL52

 b)    Nature of the transaction      Sale of Ordinary Shares

 c)    Price(s) and volume(s)
                                      Price(s)                Volume(s)
                                      ZAR 2.36666             1,000,000

 d)    Aggregated information

       - Aggregated volume            1,000,000

       - Price                        ZAR 2.36666

 e)    Date of the transaction        6 November 2024

 f)    Place of the transaction       Johannesburg Stock Exchange


                                          -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 / Ian Hughes
                                   ir@gemfields.com
                                   T: +44(0) 20 7518 3400

 SPONSOR (JSE)                     Investec Bank Limited


 NOMINATED ADVISER                 Panmure Liberum
 (AIM) & BROKER                    Scott Mathieson / Kieron Hodgson / Amrit Mahbubani / John More
                                   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 responsible miner and marketer of 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 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

Date: 07-11-2024 09:00:00
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