Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (a South African incorporated entity listed on the JSE, NYSE, and DIFX) covers the month of February 2011. The report is submitted pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific director's securities transaction rather than corporate financial performance.
Material Changes
No material changes to the company's financial position or operations are reported in this document. The filing details a compliance notification regarding the exercise of share options by a director.
Management Commentary and Unusual Items
The filing discloses that Mr. Rupert L. Pennant-Rea, a director, exercised 10,000 share options under the GF Non-Executive Director Share Plan. Key transaction details include:
- Strike Price: R88.38 per share option.
- Market Prices: R125.82 and R124.70 on transaction dates (23 and 24 February 2011).
- On-Market Sale: Sale of 701 shares and 7,127 options with total proceeds of R284,789.64.
- Off-Market Acquisition: Acquisition of 2,172 shares/options with a total cost of R191,961.36.
- Vesting Terms: Options vest one year after acceptance with a four-year exercise window thereafter.
The company confirms that necessary clearance to deal in these securities was obtained in compliance with JSE Listings Requirements.
Investor Verification Checklist
- Verify the current share price of Gold Fields Limited to assess the realized gain on the director's option exercise.
- Confirm the total number of outstanding options under the GF Non-Executive Director Share Plan.
- Review the company's most recent Form 20-F or quarterly report for actual financial performance metrics, as this filing contains none.
- Check for any subsequent filings regarding changes in director ownership or additional option exercises.