Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited (Gold Fields) covers the month of September 2010. The report is a compliance disclosure regarding dealings in securities under the Listings Requirements of the Johannesburg Stock Exchange (JSE). The registrant is incorporated in South Africa and listed on the JSE, NYSE, NASDAQ Dubai, and SWX.
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 concerning executive compensation and does not contain financial performance data.
Material Changes
No material changes to financial performance or operations are reported in this filing. The document details the acceptance of a share-based compensation award by Mr. C Farrel, the Company Secretary, on September 22, 2010, for grants originally made on March 1, 2010.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks and contingencies. It notes that the Performance Vesting Restricted Shares (PVRS) are subject to performance criteria measured over a three-year period, specifically tied to the Company's expected gold production and relative peer group performance.
Key Facts for Investor Verification
- Recipient: Mr. C Farrel, Company Secretary.
- Grant Date: March 1, 2010; Acceptance Date: September 22, 2010.
- Share Appreciation Rights (SARS): 6,750 units granted with a strike price of R89.76. These vest after three years with a three-year exercise window.
- Performance Vesting Restricted Shares (PVRS): 3,825 units granted at a zero strike price. Vesting is conditional on meeting gold production targets over three years, with potential settlement increases up to 300% based on peer performance.
- Regulatory Clearance: Necessary clearance under JSE Listings Requirements section 3.66 was obtained.