Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated February 6, 2013, concerns the unbundling and separate listing of its subsidiary, Sibanye Gold Limited. The report details the finalization of share capital and the timeline for the distribution of Sibanye Gold shares to Gold Fields shareholders.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate restructuring and capitalization details.
- Issued Share Capital: Both Gold Fields Limited and Sibanye Gold Limited have an issued share capital of 731,648,614 shares.
- Share Code: GFI
- ISIN: ZAE000018123
Material Changes
The primary material change is the structural separation of Sibanye Gold from Gold Fields. Key dates and actions include:
- Listing Date: Sibanye Gold is expected to list on the JSE and NYSE on a "when issued" basis on February 11, 2013.
- Unbundling Date: Gold Fields will distribute its interest in Sibanye Gold to shareholders on February 18, 2013.
- Distribution Ratio: Shareholders will receive one Sibanye Gold share for each Gold Fields share held. For ADR holders, the ratio is one Sibanye Gold ADR for every four Gold Fields shares.
Guidance, Outlook, and Risks
The filing contains forward-looking statements regarding the successful completion of the transaction and the future operations of both entities. Management highlights several risks that could cause actual results to differ from expectations:
- Ability to successfully complete the unbundling transaction.
- Impact of the transaction on the operations of both Gold Fields and Sibanye Gold.
- Future financial positions, capital expenditure plans, and projected cost savings.
- Volatility in the projected level of gold prices.
The company explicitly states it undertakes no obligation to update these forward-looking statements.
Investor Verification Checklist
- Confirm the record date for the transaction as defined in the "Salient Dates Announcement" released on January 10, 2013.
- Verify the specific mechanics for receiving Sibanye Gold shares or ADRs based on current holding type (shares vs. ADRs).
- Review the "Sibanye Gold Pre-Listing Statement" for detailed financial data on the unbundled entity.
- Monitor the listing status of Sibanye Gold on the JSE and NYSE on February 11, 2013.