11 Oct - 4 min read

Appointment of Non-Executive Director

Appointment of Non-Executive Director

Gemfields Group Limited                         
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")



Appointment of Non-Executive Director

LONDON, 11 OCTOBER 2021


Gemfields is pleased to announce that Patrick Eugenio Sacco will join the Board as a non-
independent and non-executive Director with immediate effect.

Mr Sacco has extensive management experience in the mining and mineral marketing sector with
specific expertise in iron ore, manganese ore, manganese alloys and chrome ore. Mr Sacco is
currently the managing director of, and holds a beneficial interest in, Assore International Holdings
Limited (“AIHL”) which in turn holds 311,540,560 ordinary shares in the Company representing
26.66 per cent. of the Company’s voting rights. As such, Mr Sacco is deemed to have a beneficial
interest in AIHL’s entire legal holding in Gemfields.

Gemfields’ Non-Executive Chairman, Martin Tolcher, commented: “Patrick brings significant
experience and knowledge to Gemfields’ Board of Directors and I am very pleased to welcome him at this important
time in the Group’s history. I and my fellow Directors are very much looking forward to working with Patrick and
being able to utilise his African mining and international marketing expertise”.


The following information regarding the appointment of Patrick Eugenio Sacco (aged 43) is
required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:


Current appointments:


     -   Assmang Proprietary Limited (South Africa) – Appointed 2008
     -   Assore Limited (South Africa) - Appointed 2007
     -   Assore International Holdings Limited (England & Wales) – Appointed 2020
     -   Assore Holdings Proprietary Limited – Appointed 2021
     -   International Manganese Institute (France) – Appointed 2015
     -   Manganese Reach Administration Association (France) – Appointed 2017
     -   Oresteel Investments Pty Limited (South Africa) – Appointed 2006
     -   Ore and Metal Company Limited (South Africa) – Appointed 2007
     -   Sacco Community Limited (South Africa, non-profit) – Appointed 2013
     -   S.C.P. Shamwari (Monaco) – Appointed 2021
     -   The Sacco Foundation (South Africa, non-profit) – Appointed 2013
     -   Broadlands Estate Home Owners Association – Appointed 2015


Positions held in the past 5 years:


    -   African Mining and Trust Company Limited (South Africa) – Resigned 30 June 2021
    -   Cato Ridge Alloys Limited (South Africa) – Resigned 30 June 2021
    -   Wonderstone Limited – Resigned 2021
    -   Xertech Proprietary Limited (South Africa) – Resigned 1 July 2019
    -   Zeerust Chrome Mines Limited (South Africa) – Resigned 1 July 2019
    -   Dwarsriver Chrome Mine (Pty) Limited – Resigned June 2021


There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.
The information communicated in this announcement is inside information for the purposes of
Article 7 of EU Regulation 596/2014.



                                              -ENDS-




               Further information on Gemfields Group Limited can be found at:
                                       GEMFIELDSGROUP.COM




                          To join our investor mailing list, contact us on:
                                companysecretary@gemfields.com


                           For any press enquiries please contact us on:
                                      gemfields@camarco.co.uk


                                           ENQUIRIES



 GEMFIELDS                         Sean Gilbertson / David Lovett / Mark Lawrie
                                   T: +44(0) 20 7518 3400


 SPONSOR (JSE)                     Investec Bank Limited


 SEDIBELO SALE PROCESS             Liberum
                                   Nehal Patel
                                   T: +44(0) 20 3100 2222


 NOMINATED ADVISER                 finnCap
 (AIM) & JOINT BROKER              Christopher Raggett / Tim Redfern / Edward Whiley
                                   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 / Nick Hennis
                                   T: +44(0) 20 3757 4980




ADDITIONAL INFORMATION ON GEMFIELDS


Gemfields is a world-leading supplier of responsibly sourced 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 licenses 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, advancing the wider group’s “mine and market” vision.

Gemfields has developed a proprietary grading system and a pioneering auction and trading
platform to provide a consistent supply of coloured gemstones to downstream markets, a key
component of Gemfields’ business model and 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



Date: 11-10-2021 12:00:00
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