London: Gemfields Group Limited (GGL) has successfully completed its fully underwritten Rights Issue, raising approximately USD 30 million through the issuance of 556,203,396 new shares. The capital raise was initially announced on April 11, 2025.

The Rights Issue received strong investor interest, with valid acceptances submitted for 458,330,512 new shares—representing around 82.40% of the total offering. The remaining 97,872,884 shares will be taken up by the underwriters. Assore International Holdings Limited (AIH) will acquire 63,910,993 shares, and Rational Expectations (Pty) Ltd (Rational) will take 33,961,891 shares, both exceeding their pro-rata entitlements.

Trading of the fully paid new shares commenced on the AIM market at 08:00 am (London time) 13th June. For uncertificated holders, CREST accounts will be credited shortly after admission, while physical share certificates for certificated holders will be dispatched within ten business days.

In South Africa, qualifying shareholders or their renouncees holding dematerialised shares will see their CSDP or broker accounts credited with the new shares at 09:00 am (SAST) on 13th June. Certificated shareholders who provided account details and did not opt for rematerialisation will also receive credits at that time. For those who have not submitted account details, the new shares will be held by the South African Registrar until further instruction. Shareholders who chose to rematerialise their shares will receive their Documents of Title by post starting 13th June.