| Tue 31 Mar 2009, 17:23 | | GFI - Gold Fields Limited - Dealing In Securities |
|
GFI
GOGOF
GFI - Gold Fields Limited - Dealing In Securities
Gold Fields Limited
(Registration Number 1968/004880/06)
("Gold Fields " or "the Company")
JSE, NYSE, NASDAQ Dubai Share Code: GFI
NYX Code: GFLB, and SWX Code: GOLI
ISIN: ZAE000018123
DEALING IN SECURITIES
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE
Limited, shareholders are advised that Gold Fields has granted, on 2 March 2009
("the Grant Date"), Share Appreciation Rights ("SARS") and Performance Vesting
Restricted Shares ("PVRS") to the directors set out below. These offers were
accepted by the directors on 30 March 2009.
SARS are offered at a fixed strike price, vest after three years and
participants have a further three years in which to exercise the SARS. The value
of the SARS which a participant may exercise will be the difference between the
Fair Market Value at the date of exercise and the Fair Market Value on the
allocation date. The Company at its sole discretion can decide to settle the
SARS by issuing shares of the equivalent value or in cash.
PVRS are offered at a zero strike price. In terms of the Plan, certain
Performance Criteria have been imposed, which must be satisfied before the
Settlement of any PVRS to the participant. The Criteria shall be measured over
the three year measurement period. The Target Performance Criteria has been set
at the Company`s expected gold production over the three year measurement
period. In addition, the number of PVRS to be settled may be increased by up to
300% of the number of PVRS conditionally awarded to the participant, depending
on the performance of the Company relative to its peer group.
Name MD Fleischer
Position Director
Company GFI Mining South Africa (Pty)
Ltd, GFL Mining Services Ltd
and Gold Fields Group
Services (Pty) Ltd
No of SARS granted 20,400
SARS strike price R109.66
No of PVRS granted 23,330
PVRS strike price Nil
Class of underlying security Ordinary shares
to which rights attach
Nature of transaction Grant of SARS and PVRS
Vesting Period The PVRS and SARS vest on the
third anniversary of the
Grant Date
Nature of interest Direct Beneficial
Name P A Schmidt
Position Director
Company GFI Mining South Africa (Pty)
Ltd and Gold Fields Group
Services (Pty) Ltd
No of SARS granted 14,390
SARS strike price R109.66
No of PVRS granted 18,750
PVRS strike price Nil
Class of underlying security Ordinary shares
to which rights attach
Nature of transaction Grant of SARS and PVRS
Vesting Period The PVRS and SARS vest on the
third anniversary of the
Grant Date
Nature of interest Direct Beneficial
In accordance with section 3.66 of the Listings Requirements the necessary
clearance was obtained to grant the abovementioned SARS and PVRS.
31 March 2009
Sponsor: JP Morgan Equities Limited
Date: 31/03/2009 17:23:39 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
