Gold Fields - Harmony"s Hostile Bid for Gold Field
Gold Fields - Harmony`s Hostile Bid for Gold Fields Has Ended
Gold Fields Limited
Registration number: 1968/004880/06
ISIN: ZAE000018123 JSE Code: GFI
(`Gold Fields` or the `company`)
Johannesburg, 20 May 2005. The Board of Gold Fields (GFI: JSE and NYSE)
(`Gold Fields`) is pleased with today`s decision by the High Court of South
Africa stating that the offer by Harmony Gold Mining Company Limited (`Harmony`)
lapsed on 18 December 2004 and that the offer cannot be revised or reinstated.
Reflecting on the seven-month hostile bid, Gold Fields Chief Executive Ian
Cockerill said: `It has been a long, drawn-out process, but here at Gold Fields
we have already put it firmly behind us. We are looking ahead and focusing
entirely on our Company`s operations and our future. We did not want this
hostile bid, but during the offer period I believe we proved beyond doubt that
Gold Fields is a strong and competitive gold player, with the assets, the
people, the strength and the strategy to deliver superior value for our
shareholders. Now our sole aim is to concentrate on further improving our
performance and on growth.`
Cockerill concluded: `On behalf of the Board and everyone in Gold Fields, I
would like to thank our shareholders for their support for the Company
throughout this bid. I would also like to thank Gold Fields` loyal employees
for their commitment and perseverance. Along with everyone at Gold Fields, I
remain 100% committed to delivering value and rewarding shareholders` trust in
this Company.`
Ends
Date: 20/05/2005 03:06:58 PM
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