Gold Fields objects to offer
22/10/2004 15:49 - (SA)
Johannesburg - The securities regulation panel (SRP) has received objections from Gold Fields, and has been requested to make rulings regarding certain aspects of Harmony Gold`s offer.
This was confirmed by a SRP spokesperson on Friday.
`There is no agreement between the parties on the time of the hearing. It is either set for Tuesday or Friday from 09:00 to 16:00,` he added.
`We can`t disclose the nature of the objections that Gold Fields is seeking rulings on regarding the offer,` the SRP spokesperson said.
However, Gold Fields spokesperson Willie Jacobz said he couldn`t comment on whether Gold Fields had made a submission to the SRP.
`We are currently speaking to Gold Fields shareholders,` Jacobz added.
About 63% of Gold Fields` shareholders are institutions, 17% are retail investors and Russian`s Norilsk Nickel has a 20% stake, Jacobz said.
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