| Thu 30 Sep 2010, 10:15 | | 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
March 2010 ("the Grant Date"), Share Appreciation Rights ("SARS") and
conditional Performance Vesting Restricted Shares ("PVRS") to Messrs NJ Holland
and VP Pillay, director of Gold Fields and its major subsidiaries respectively,
as set out below. This offer was accepted by them on 29 and 30 September 2010
respectively.
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.
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 have 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 NJ Holland
Position Director
Company Gold Fields Limited
No of SARS granted 59,000
SARS strike price R89.76
No of PVRS granted 80,800
PVRS strike price Nil
Class of underlying security Ordinary shares
to which rights attach
Nature of transaction Acceptance of SARS allocation
and PVRS award
Vesting Period The PVRS and SARS vest on the
third anniversary of the
Grant Date
Nature of interest Direct Beneficial
Name VP Pillay
Position Director
Company GFI Mining South Africa (Pty)
Ltd, GFL Mining Services Ltd
and other major subsidiaries
No of SARS granted 22,350
SARS strike price R89.76
No of PVRS granted 25,575
PVRS strike price Nil
Class of underlying security Ordinary shares
to which rights attach
Nature of transaction Acceptance of SARS allocation
and PVRS award
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.
30 September 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 30/09/2010 10:15:01 Produced by the JSE SENS Department.
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