Gemfields Group Limited has officially published its Prospectus and launched a fully underwritten Rights Issue to raise approximately $30 million through the issue of 556.2 million new shares. The offer is made on the basis of 10 new shares for every 21 existing shares held, at an offer price of 4.22 pence or ZAR1.06860 per share.
Regulatory approvals have been secured from both the Johannesburg Stock Exchange (JSE) and the UK’s Financial Conduct Authority (FCA). The move follows shareholder backing during the Extraordinary General Meeting on 19 May 2025.
The Rights Issue opens on 29 May and closes on 12 June 2025. New shares are expected to be listed and begin trading on the JSE and AIM from 13 June 2025.
Gemfields, a leading miner of coloured gemstones, owns 75% of the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. It also owns the Fabergé luxury brand, advancing its mine-to-market strategy.
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