News and Announcements

Modern Slavery and Human Trafficking Statement

This Statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) and covers the financial year ending 30th June 2017. It provides an explanation of the steps that Gemfields plc and its subsidiaries (“Gemfields” or “we”) take to combat the potential for modern slavery and human trafficking to take place in its business and supply chains.

Pallinghurst trading statement

Pallinghurst is reasonably certain that its loss and headline loss per share will be USc 10.6 for the period to 30 June 2017 compared to a loss and headline loss per share of USc 4.3 for the comparative period to 30 June 2016. In ZAR terms the loss and headline loss per share will be ZAR1.39 (ZAR0.67 loss and headline loss per share for the comparative period).

Update on issued share capital and Directors’ shareholdings

Update on issued share capital, directors’ shareholdings and dealings by Pallinghurst directors pursuant to the offer for Gemfields On 19 May 2017, the Board of Pallinghurst announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (“Gemfields”) (other than the Gemfields Shares already held by the Pallinghurst Group) (the “Offer”).

Posting of Compulsory Acquisition Notices

On 19 May 2017, the Board of Pallinghurst Resources Limited (“Pallinghurst”) announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (“Gemfields”) (other than the Gemfields Shares already held by the Pallinghurst Group), to be implemented by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006 (the “Offer”).