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IN BRIEF: Gemfields buys back own shares for ZAR176 million

Fri, 20th Oct 2023 07:52

Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Buys back 55.6 million shares at an average ZAR3.17 each, in transactions worth ZAR176.4 million on Wednesday. Says this repurchase represents 4.6% of the issued share capital of 1.21 billion as at November 30, 2022. Gemfields has 52.8 million shares held in treasury.

Current London stock price: 13.10 pence

12-month change: down 13%

Johannesburg stock price: ZAR3.20

12-month change: up 2%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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