Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated September 19, 2007, reports on the company's decision to cancel the listing of its ordinary shares on the UK Official List. The cancellation is scheduled to take effect at 8:00 a.m. UK time on October 22, 2007.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and listing status rather than financial performance.
Material Changes
- Listing Cancellation: The company has requested the UK Financial Services Authority to cancel its listing on the UK Official List, which has been in place since June 1, 1969.
- Shareholder Base: Approximately 1,663,505 ordinary shares (0.26% of total issued share capital) are held by shareholders on the UK register.
- Trading Activity: The company notes that only a small amount of trading in ordinary shares has occurred on the London Stock Exchange since listing.
Outlook, Risks, and Management Commentary
Management determined that the high costs associated with maintaining admission to the UK Official List outweigh the benefits, given the low trading volume. Following the cancellation, the company will maintain a UK register of members. All matters relating to ordinary shares, including dividends and notices, will continue to be handled by the UK Registrars, Capita Registrars, in the same manner as currently.
Key Facts for Investor Verification
- Confirm the effective date of the UK listing cancellation (October 22, 2007).
- Verify that dividend payments and shareholder communications for UK-based holders will remain unchanged post-cancellation.
- Assess the impact of removing the UK listing on the company's overall cost structure and investor accessibility.