| Thu 29 Oct 2009, 16:12 | | GFI - Gold Fields Limited - Dealing In Securities |
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GFI
GOGOF
GFI - Gold Fields Limited - Dealing In Securities
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("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 Limited has granted, on 1
September 2009 ("the Grant Date"), Share Appreciation Rights ("SARS") and
conditional Performance Vesting Restricted Shares ("PVRS") to Mr PL Turner,
as set out below. This offer was accepted by Mr Turner on 29 October 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 a percentage of 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 PL Turner
Position Director
Company Abosso Goldfields Limited and Gold
Fields Ghana Limited, subsidiaries of
Gold Fields
No of SARS granted 5,500
SARS strike price R99.87
No of PVRS granted 6,800
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.
29 October 2009
Sponsor:
J.P. Morgan Equities Limited
Date: 29/10/2009 16:12:00 Produced by the JSE SENS Department.
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