Last checked at 17 Mar 2020 07:00
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 / 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: Standard 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 attachedii: | 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 obligationiv | ||||||
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 reachedvi: | 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 issuervii | |||
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 reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % 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 | Expirationdatex | Exercise/Conversion Periodxi | 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 | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | 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) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | X | |||
Namexv | % 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 informationxvi | ||||
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: gemfields@gemfields.com
For any press enquiries please contact us on gemfields@camarco.co.uk
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.