Gemfields lists on London Stock Exchange
The Gemfields Group, which, in collaboration with the Zambian government, owns the Kagem Emerald Mine in Lufwanyama, has returned to trade and listed its shares on the AIM market of the London Stock Exchange on February 14, 2020 after 3 years.
The listing is the latest demonstration of Gemfields’ ethos of transparency, legitimacy, and integrity that allows a wider reach of international investors to directly participate in Gemfields, which owns 75% of the Kagem Emerald concession in Lufwanyama, with 25% in Government owned by the Industrial Development Corporation (IDC).
Sean Gilbertson, CEO of Gemfields, said, “Admission to the London market is an important milestone for us after a decade of increasing demand and prices for gemstones.
The AIM listing is intended to give British, European and international investors a cheaper entry into the gem market, improve the liquidity of equity trading and expand the company’s current investor base.
Our team is looking forward to this next phase in the development of Gemfields and to offering added value to all of our stakeholders. “
Gemfields has maintained its primary listing on the Johannesburg Stock Exchange (JSE).
