Gemfields Group Limited Completion of Share Buyback Programme (9235Q)
23 Octobre 2023 - 8:04AM
UK Regulatory
TIDMGEM
RNS Number : 9235Q
Gemfields Group Limited
23 October 2023
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")
Completion of Share Buyback Programme, Transaction in Own Shares
and Total Voting Rights
LONDON, 23 OCTOBER 2023
Gemfields announces that on Friday 20 October 2023, the Company
purchased 2,853,200 of its own ordinary shares of USD0.00001 each
in the Company ("Ordinary Shares") at a price of ZAR3.15. This
completes a USD 10 million share buyback programme approved by
shareholders.
In total, 58,423,901 Ordinary Shares have been purchased. This
represents 4.83% of the issued Ordinary Shares on the date of the
original general authority granted by the Company's shareholders to
purchase the Ordinary Shares, which was 1,210,087,232 as at 30
November 2022.
At completion of share buyback To 20 October 2023
programme
Total number of ordinary shares
purchased: 58,423,901
Highest price paid per share: ZAR3.45
Lowest price paid per share: ZAR3.00
Volume weighted average price ZAR3.1739
paid per share:
Aggregate price paid excluding ZAR185,429,015.02
the cost of dealing:
Following this final purchase, the total number of Ordinary
Shares held in treasury by the Company is 55,694,351, which will
all be cancelled. This cancellation will be announced separately.
The total number of Ordinary Shares in issue is 1,221,918,104,
including treasury shares.
Therefore, the number of Ordinary Shares that each carry the
right to one vote is 1,166,223,753.
This is the total voting rights figure which may be used by
shareholders as the denominator in determining whether they are
required to notify their interests in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
-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
Hughes
ir@gemfields.com
T: +44(0) 20 7518 3400
SPONSOR (JSE) Investec Bank Limited
NOMINATED ADVISER Cavendish Capital Markets Limited
(AIM) & JOINT BROKER Neil McDonald / Edward Whiley / Tim
Redfern
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 / 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
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END
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