Dividend Finalisation
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Share code on JSE: GML / AIM: GEM
("Gemfields" or the "Company")
Dividend Finalisation
LONDON, 28 MAY 2024
Further to the Company's declaration on 25 March 2024 of a final dividend for the year to 31 December 2023 of USD 10 million ("Dividend"), notice is hereby given that the dividend, being a gross dividend of USDc 0.85712 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 Friday, 24 May 2024, obtained from currency conversion transactions the Company has entered into:
- JSE shareholders - USD/ZAR 18.3711, equating to a dividend of ZARc 15.74624 per share
- AIM shareholders - USD/GBP 0.7847, equating to a dividend of GBP pence 0.67258 per share
Shareholders are reminded that the relevant dates relating to the payment of the Dividend are as follows:
| Event | Dates (2024) |
| Last date to effect removal of shares between the UK (AIM) and SA (JSE) registers | Tuesday 4 June |
| The last day to trade in Gemfields shares in SA in order to qualify to participate in the Dividend | Tuesday 4 June |
| Shares start trading 'ex' dividend in SA | Wednesday 5 June |
| The last day to trade in Gemfields shares in UK in order to qualify to participate in the Dividend | Wednesday 5 June |
| Shares start trading 'ex' dividend in UK | Thursday 6 June |
| Record date for participation in the Dividend | Friday 7 June |
| Removal of shares between UK and SA registers permissible from | Monday 10 June |
| Payment date | Monday 24 June |
Share certificates may not be dematerialised or re-materialised between Wednesday, 5 June 2024 and Friday, 7 June 2024, 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 issued ordinary share capital of Gemfields is 1,166,695,130 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 15.74624 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 12.59699 per share (gross dividend of ZARc 15.74624 per share less Dividend Tax of ZARc 3.14925 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.
GEMFIELDS
| GEMFIELDS.COM | INVESTORS | FOUNDATION | ||
| YOUTUBE | ||||
| FABERGÉ | ||||
| FABERGÉ.COM | YOUTUBE | |||
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
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