| Thu 9 May 2002, 0:00 | | Gold Fields Limited |
|
Media Release
New York, May 9, 2002: Gold Fields Limited ÝNYSE and JSE: GFI¨ is pleased
to announce that it commenced trading on the New York Stock Exchange (NYSE)
today, May 9, 2002.
The listing ceremony, which was held on the trading floor of the NYSE, was
attended by Mr Nelson Mandela, former President of South Africa, and Mrs
Albertina Sisulu, South Africa's ambassador to the United States of America,
as well as a large number of other dignitaries and members of the New York
financial community.
The ceremony was given special significance when Mr Mandela rang the
traditional opening bell on behalf of Gold Fields, launching the company on
the NYSE, and starting a trade for the day.
Chris Thompson, Chairman and Chief Executive Officer of Gold Fields said:
"We are honoured to have had Mr Mandela with us today, as we start this
exciting new phase in the evolution of Gold Fields."
"This listing represents an important step in our ongoing efforts to make
Gold Fields more attractive to international investors, who now account for
more than fifty per cent of all shares outstanding, and is a result of
representations made to us, in particular, by our North American
shareholders. Being listed on the NYSE should enhance the visibility and
liquidity of Gold Fields in North America and benefit the Company and all of
its shareholders," he said.
"The New York Stock Exchange is thrilled to welcome Gold Fields to our
family of listed companies," said Chairman and CEO of the NYSE, Dick Grasso.
"We welcome the privilege to serve the shareholders of one of the world's
largest gold producers on our global market and to provide the company's
stock with unparalleled liquidity and visibility."
Gold Fields selected La Branche & Co Inc to represent it as Specialist Firm
on the NYSE.
Gold Fields, which opened at US$13.80 and has a market capitalization of
approximately US$6.5 billion, is the world's largest unhedged gold producer
with an annual output of 4.5 million ounces of gold from its operations in
South Africa, Ghana and Australia, and reserves of 84.5 million ounces.
Gold Fields also has a 51 per cent interest in and management of an advanced
stage PGM exploration project in Finland, the Arctic Platinum Partnership.
In addition to being listed on the NYSE and JSE, Gold Fields also trades on
the London, Paris, Brussels and Swiss Exchanges.
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