Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (GFI) covers the month of June 2012, specifically reporting on a transaction dated June 18, 2012. The filing addresses compliance with the Listings Requirements of the Johannesburg Stock Exchange (JSE) regarding dealings in securities by a director of major subsidiaries.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of equity-based compensation grants and does not contain financial performance data.
Material Changes
The material change disclosed is the acceptance of equity awards by T McKeith, a Director of major subsidiaries. The awards were granted on March 1, 2012, and accepted on June 18, 2012. The transaction details are as follows:
- Performance Shares: 50,302 shares granted. These vest on the third anniversary of the grant date. Settlement ranges from 0% to 200% of the conditional award based on market and non-market conditions.
- Bonus Shares: 12,661 shares granted. These represent two-thirds of the annual cash bonus and vest in equal parts at 9 months and 18 months from the grant date.
- Strike Price: Nil for both share classes.
- Security Class: Ordinary shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document confirms that necessary clearance was obtained in accordance with section 3.66 of the JSE Listings Requirements.
Investor Verification Checklist
- Verify the vesting schedule and performance conditions for the 50,302 Performance Shares granted to T McKeith.
- Confirm the total number of Bonus Shares (12,661) and their specific vesting dates relative to the March 1, 2012 grant date.
- Review the Gold Fields Limited 2012 Share Plan to understand the specific market and non-market conditions required for the Performance Share settlement.
- Check subsequent filings for any changes in the director's beneficial interest or additional grants.