Last checked at 11 Oct 2022 08:00
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")
Dividend Finalisation
LONDON, 11 OCTOBER 2022
Further to the Company's announcement on 29 September 2022 containing details of the Interim Dividend ("Dividend") declared by Gemfields, notice is hereby given that the dividend, being a gross dividend of USDc 1.24487 per ordinary share, payable from income reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and Great British Pounds (GBP) at the below exchange rates of Monday, 10 October 2022, obtained from currency conversion transactions the Company has entered into:
· JSE shareholders - USD/ZAR 18.1725, equating to a dividend of ZARc 22.62240 per share
· AIM shareholders - USD/GBP 0.9008, equating to a dividend of GBP pence 1.12138 per share
The gross dividend of USDc 1.24487 per ordinary share is lower than previously stated in the interim results from 29 September 2022, due to the new ordinary shares issued and allocated by Gemfields on 5 October 2022 following the exercise of share options. The number of ordinary shares in issue as of today's announcement is 1,204,948,507 shares.
Shareholders are reminded that the relevant dates relating to the payment of the Dividend are as follows:
2022 | |
Last date to effect removal of shares between the UK (AIM) and SA (JSE) registers by 11:00 a.m SA time | Tuesday, 18 October |
The last day to trade in Gemfields shares in order to qualify to participate in the Dividend on | Tuesday, 18 October |
Shares start trading 'ex' dividend in SA on | Wednesday, 19 October |
Shares start trading 'ex' dividend in UK on | Thursday, 20 October |
Record date for participation in the Dividend | Friday, 21 October |
Removal of shares between UK and SA registers permissible from | Monday, 24 October |
Payment date | Friday, 4 November |
Share certificates may not be dematerialised or re-materialised between 19 October 2022 and 21 October 2022, both days inclusive.
Additional information for South African resident shareholders of Gemfields is noted below:
· Tax reference number in (United Kingdom) is 32518 26138.
· The current issued ordinary share capital of Gemfields is 1,204,948,507 ordinary shares.
· The dividend paid by Gemfields to South African resident shareholders registered on the South African register is subject to South African Dividend Tax ("Dividend Tax") of 20% (subject to any available exemptions as legislated).
· Shareholders are advised that Gemfields will not deduct any applicable Dividend Tax at source.
· Shareholders registered on the South African register who are exempt from paying the Dividend Tax will receive a dividend of ZARc 22.62240 per share paid by Gemfields. These exempt shareholders are advised to contact their broker or CSDP (Central Securities Depository Participant) to confirm their tax status to ensure no Dividend Tax is deducted by the regulatory intermediary.
· Shareholders registered on the South African register who are not exempt from paying the Dividend Tax will receive a net dividend of ZARc 18.09792 per share (gross dividend of ZARc 22.62240 per share less Dividend Tax of ZARc 4.52448 per share). These non-exempt shareholders are advised to contact their broker or CSDP so that the Dividend Tax can be withheld by the regulatory intermediary.
· Shareholders who are in doubt as to their tax status or position or any other matter, including, inter alia, any exchange control requirement, should consult an appropriate independent professional advisor in their relevant jurisdiction without delay.
-ENDS-
Further information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join our investor mailing list, contact us on: ir@gemfields.com
For any press enquiries please contact us on: gemfields@camarco.co.uk
ENQUIRIES
GEMFIELDS | Sean Gilbertson / David Lovett / Ian Hughesir@gemfields.com T: +44(0) 20 7518 3400 |
SPONSOR (JSE) | Investec Bank Limited |
NOMINATED ADVISER(AIM) & JOINT BROKER | finnCap Christopher Raggett / Tim Redfern / Edward Whiley T: +44(0) 20 7220 0500 |
JOINT BROKER | LiberumScott Mathieson / Kane Collings 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 miner of responsible 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 and trading 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
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FABERGÉ
FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN