Panmure Liberum acts as Financial Adviser, Co-ordinator, Nomad and Corporate Broker, on Gemfields’ $30m Rights Issue
We are pleased to announce that Panmure Liberum is acting for Gemfields Group Limited (“Gemfields” or the “Company”), on the fully underwritten $30m Rights Issue of 4.22 pence per Gemfields share.
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. In addition, Gemfields also owns the luxury brand Fabergé.
The Rights Issue is being underwritten by the Company’s two largest shareholders and the proceeds of the Rights Issue will be used for general corporate purposes, and specifically to provide working capital liquidity as the Company completes the construction and commissioning of a second ruby processing plant at Montepuez which is expected to triple existing processing capacity.
The Rights Issue opens on 29 May 2025 and closes on 12 June 2025. The listing and trading of new shares on AIM is expected to be on 13 June 2025. The Rights Issue will also be available to shareholders on the Johannesburg Stock Exchange.
Panmure Liberum Team
Investment Banking – Scott Mathieson, Amrit Mahbubani, John More, Dougie McLeod
Sales – Simon Fickling
Research – Duncan Hay
IR – Jodi Hutchins
Legal – Rebecca Gordon, Emily Troubridge
