Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (GFI) covers the month of March 2012. The report discloses a specific transaction involving the dealing in securities by a director of a major subsidiary, GFI Mining South Africa (Pty) Limited, in compliance with JSE Listings Requirements.
Key Financial Metrics
The filing does not provide consolidated financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the Company. The only financial data presented relates to a specific director's transaction:
- Transaction Type: On-market sale of shares following the exercise of Share Appreciation Rights (SARS).
- Number of Shares Sold: 1,001 Ordinary Shares.
- Strike Price per Share: R109.66.
- Market Price per Share: R114.61.
- Total Proceeds from Sale: R4,954.95.
- Total Value of Shares Sold: R114,724.61.
Material Changes
The filing does not report material changes to the Company's financial position or operations compared to prior periods. It solely reports the execution of a pre-existing equity incentive plan by a director.
Management Commentary and Risks
Management Commentary: The Company confirmed that the necessary clearance to deal in the securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. The SARS were issued under the 2005 Share Plan, vest after three years, and have a three-year exercise window post-vesting. Settlement can be in shares or cash at the Company's discretion.
Risks and Contingencies: No new risks or contingencies are disclosed in this specific filing.
Key Facts for Investor Verification
- Verify the impact of the SARS exercise on the Company's share count and dilution, noting the Company's discretion to settle in cash or shares.
- Confirm the identity of the director involved: Mr. MMC Mutloane, Director of GFI Mining South Africa (Pty) Limited.
- Note that the transaction date was March 2, 2012, and the filing date was March 5, 2012.
- Understand that this filing contains no operational or financial performance data for Gold Fields Limited as a whole.