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Harmony - News Release From Harmony

Release Date: 24/11/2004 09:04:48      Code(s): HAR
Harmony - News Release From Harmony                                             
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
Share code: HAR     ISIN: ZAE000015228                                          
("Harmony")                                                                     
NEWS RELEASE FROM HARMONY                                                       
23 November 2004                                                                
Harmony wins another battle:                                                    
U.S. District Court denies Gold Fields" motion for preliminary injunction       
The United States District Court for the Southern District of New York today    
denied a motion for preliminary injunction by Gold Fields Limited ("Gold        
Fields") which sought to block Harmony"s offer to Gold Fields" shareholders in  
the U.S.   In addition, the Court ruled that the evidence submitted failed to   
support Gold Fields" claim that Harmony mislead Gold Fields" U.S. shareholders  
concerning Harmony"s disclosure of its gold reserves in the Registration        
Statement filed with the United States Securities and Exchange Commission.      
"We are pleased but not surprised by this judgment. Gold Fields" management has 
embarked on frustrating and, in our view, frivolous litigation to divert        
attention and to frustrate the ability of Gold Fields shareholders to assess the
merits of Harmony"s offers," said Harmony CE Bernard Swanepoel.                 
"We were disappointed that Gold Fields reverted to litigating in the US,        
particularly after the South African courts and regulators have ruled against   
them and confirmed the validity of our offers and  rejected numerous legal and  
regulatory actions by Gold Fields. Despite Gold Fields" protestations that they 
are a champion of the South African cause, they have indicated clearly with this
legal challenge in the US, that they have no confidence in South Africa"s       
regulatory regime.  We appreciate that the US courts dealt with their claims on 
a accelerated basis."                                                           
Gold Fields has been unsuccessful in their litigation to date and Swanepoel said
he hopes that they will reconsider the other delaying tactics they have employed
so that their shareholders can assess Harmony"s offers for themselves.          
Harmony"s early settlement offer is scheduled to close on 26 November 2004 and  
is unconditional in all respects.  Harmony urges Gold Fields" shareholders to   
accept the offer.                                                               
ENDS                                                                            
Issued by (direct line, mobile, email):                                         
Harmony Gold                                                                    
Ferdi Dippenaar     +27 11 684 0140          +27 82 807 3684                    
Corne Bobbert       +27 11 684 0146          +27 83 380 6614                    
South Africa - Beachhead Media & Investor Relations                             
Jennifer Cohen      +27 (0)11 214 2401  +27 (0)82 468 6469  jennifer@bmsa.co.za 
Patrick Lawlor      +27 (0)11 214 2410  +27 (0)82 459 6709  patrick@bmsa.co.za  
United States - Financial Dynamics Business Communications                      
Hollis Rafkin-Sax        +1 212 850 5789     +1 917 509 0255     hrafkin-sax@fd-
us.com                                                                          
Torie Pennington         +1 212 850 5629     +1 917 838 1369 tpennington@fd-    
us.com                                                                          
United Kingdom - Financial Dynamics Business Communications                     
Nic Bennett              +44(0)207 269 7115  +44(0)7979 536 619                 
nic.bennett@fd.com                                                              
Charles Watenphul   +44(0)207 269 7216  +44(0)7866 438 013                      
charles.watenphul@fd.com                                                        
US Information Agent - MacKenzie Partners, Inc                                  
Daniel Burch        +212 929 5500                 proxy@mackenziepartners.com   
Steve Balet         +800 322 2885                                               
In connection with the proposed acquisition of Gold Fields, Harmony has filed a 
registration statement on Form F-4 (which was declared effective by the         
Securities and Exchange Commission (SEC) on November 19, 2004) and filed a final
prospectus, dated November 19, 2004, with the SEC pursuant to Rule 424(b)(5) of 
the Securities Act of 1933, to register the Harmony ordinary shares (including  
Harmony ordinary shares represented by Harmony American Depositary Shares       
(ADSs)) to be issued in exchange for Gold Fields ordinary shares held by Gold   
Fields shareholders located in the United States and for Gold Fields ADSs held  
by Gold Fields shareholders wherever located, as well as a Statement on Schedule
TO.  Investors and holders of Gold Fields securities are strongly advised to    
read the registration statement and the preliminary prospectus, the related     
exchange offer materials and the final prospectus (when available), the         
Statement on Schedule TO and any other relevant documents filed with the SEC, as
well as any amendments and supplements to those documents, because they will    
contain important information.  Investors and holders of Gold Fields securities 
may obtain free copies of the registration statement, the final prospectus,     
related exchange offer materials and the Statement on Schedule TO, as well as   
other relevant documents filed or to be filed with the SEC, at the SEC"s web    
site at www.sec.gov.  Investors and holders of Gold Fields securities will      
receive information at an appropriate time on how to obtain transaction-related 
documents for free from Harmony or its duly designated agent. The final         
prospectus and other transaction-related documents may be obtained for free from
MacKenzie Partners, Inc., the information agent for the U.S. offer, at the      
following address: 105 Madison Avenue, New York, New York 10016; telephone 1    
(212) 929 5500 (call collect) or 1 (800) 322 2885 (toll-free call); e-mail      
proxy@mackenziepartners.com.                                                    
This communication is for information purposes only.  It shall not constitute an
offer to purchase or exchange or the solicitation of an offer to sell or        
exchange any securities of Gold Fields or an offer to sell or exchange or the   
solicitation of an offer to buy or exchange any securities of Harmony, nor shall
there be any sale or exchange of securities in any jurisdiction in which such   
offer, solicitation or sale or exchange would be unlawful prior to the          
registration or qualification under the laws of such jurisdiction.  The         
distribution of this communication may, in some countries, be restricted by law 
or regulation.  Accordingly, persons who come into possession of this document  
should inform themselves of and observe these restrictions.  The solicitation of
offers to buy Gold Fields ordinary shares (including Gold Fields ordinary shares
represented by Gold Fields ADSs) in the United States will only be made pursuant
to a prospectus and related offer materials that Harmony has sent to holders of 
Gold Fields securities.  The Harmony ordinary shares (including Harmony ordinary
shares represented by Harmony ADSs) may not be sold, nor may offers to buy be   
accepted, in the United States prior to the time the registration statement     
becomes effective.  No offering of securities shall be made in the United States
except by means of a prospectus meeting the requirements of Section 10 of the   
United States Securities Act of 1933, as amended.                               
The directors of Harmony accept responsibility for the information contained in 
this announcement.  To the best of the knowledge and belief of the directors of 
Harmony (who have taken all reasonable care to ensure that such is the case),   
the information contained in this announcement is in accordance with the facts  
and does not omit anything likely to affect the import of such information.     
Date: 24/11/2004 09:04:51 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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