Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (Gold Fields) covers the month of March 2012. The report is a compliance disclosure regarding dealings in securities by a director of a major subsidiary, filed pursuant to the JSE Listings Requirements and the Securities Exchange Act of 1934.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory notice of a specific transaction rather than a financial performance report.
Material Changes
The material change disclosed is the sale of Performance Vesting Restricted Shares (PVRS) by Mr. PL Turner, a Director of a major subsidiary. The transaction details are as follows:
- Transaction Date: 22 March 2012
- Transaction Type: On-market sale of ordinary shares under the 2005 Share Plan.
- Shares Sold: Two separate sales totaling 21,471 shares (921 shares and 20,550 shares).
- Market Price: Approximately R106.21 and R106.37 per share.
- Total Value: Approximately R2,283,694.14 (R97,819.41 + R2,185,874.73).
- Vesting Period: The award vests on the third anniversary following the grant date.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document confirms that necessary clearance to deal in the securities was obtained in terms of paragraph 3.66 of the Listings Requirements.
Key Facts for Investor Verification
- Verify the total number of shares held by Mr. PL Turner post-transaction to assess remaining exposure.
- Confirm the vesting schedule and performance conditions attached to the remaining PVRS awards.
- Review the broader context of the 2005 Share Plan to understand the criteria for future vesting.
- Check subsequent filings for any additional director transactions or changes in the share plan structure.