Category

Business Update

Kariba Update & MRM Monthly Operational Market Data to 31 August 2018

On 9 November 2018, Gemfields Canada Inc. (a 100% subsidiary of Gemfields) agreed to sell its 50% stake in Kariba Minerals Ltd (“Kariba”), the Zambian amethyst mine, to ZCCM Investments Holdings plc (“ZCCM”). The Company is set to receive USD 2,500,000 in consideration for the disposal of its shares to ZCCM. The transaction is subject to various administrative steps and regulatory approvals, including from the Zambian Competition and Consumer Protection Commission and the Zambian Ministry of Mines. The transaction is currently expected to complete early in Q1 2019. As part of the agreement, Gemfields has agreed to discharge all outstanding sums owed by Kariba to the Company.

Monthly Operational Market Update – 31 August 2018

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including August 2018. The figures have been produced on a monthly‐basis for both Gemfields’ 75% owned Kagem emerald mine and Fabergé – the iconic luxury brand. Gemfields will follow up with its Montepuez ruby mine figures in due course.

Monthly Operational Market Update – 31 March 2018

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including March 2018. The figures have been produced on a monthly-basis for both Gemfields’ 75% owned Kagem emerald mine and Fabergé – the iconic luxury brand. Gemfields will follow up with its Montepuez ruby mine figures in due course.

Notice of Interim Results

Gemfields plc (AIM: GEM) will be reporting its interim results for the six month period ending 31 December 2014 at 07:00 Greenwich Mean Time (“GMT”) on Monday 9 March 2015.

Jupiter announces a US$42 million share buy-back; Pallinghurst stands to receive a further ZAR94 million

Jupiter Mines Limited (“Jupiter”) has announced the indicative terms of an off-market equal access share buy- back (“Buy-Back”) pursuant to which it intends to return US$42 million to its shareholders. All Jupiter shareholders are to be made an equal offer to have 5.82% of their Jupiter shares repurchased, at a price of US$0.35 per Jupiter share. Pallinghurst owns approximately 18.4% of Jupiter and stands to receive almost US$8 million (ZAR94 million) in March 2018.

Notification of change in auditor

Pallinghurst shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that BDO LLP have been appointed as the Company’s external auditors for the financial year ending 31 December 2017, with Mr Scott Knight as the designated audit partner, replacing Saffery Champness Chartered Accountants (“Saffery Champness”).
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