GOLD FIELDS LIMITED - Correction of Dealing in Securities

Release Date: 25/02/2019 12:30
Code(s): GFI
 
Wrap Text
Correction of Dealing in Securities

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
(“Gold Fields” or “the Company”)

JSE, NYSE, DIFX Share Code: GFI
ISIN Code:     ZAE000018123

DEALING IN SECURITIES

In compliance with paragraphs 3.63 - 3.74 of the Listings
Requirements of JSE Limited, shareholders are advised that Gold
Fields Limited has awarded on 25 May 2018 (“the Award Date”), Award
effective 1 March 2018, Conditional Matching Shares to directors of
major   subsidiaries  of   Gold  Fields  in   accordance   with  the
introduction of the Company’s Minimum Shareholding Requirement (MSR)
as approved at the AGM on 18 May 2016.

The shares were approved for awarding in 2018 however due to Gold
Fields Ltd going into a general closed period and a subsequent
special closed period which was imposed on management, the award
process was deferred to February 2019 upon lifting of the special
closed period.

Minimum Shareholding Requirement (MSR): The MSR is mandatory for
Executives to hold GFL shares for a five year period based on the
following target shareholdings:

CEO: 200% of Annual Guaranteed Remuneration Package
CFO and other Executives: 100% of Annual Remuneration Package

Executives may commit in accordance with the MSR through the
election prior to the determination of cash bonuses, vesting of
shares awarded or through personal investment to acquire Gold Fields
shares that will be restricted for five years and held in Escrow.

Details of the transactions are set out below:

                                  NA Chohan
Nature of transaction             Off market acceptance of the shares

Transaction Date                  17 February 2019
Number of Shares                  10 770
Class of Security                 Ordinary Shares
Market Price per Share            R46.2814
Total Value                       R498 451.02
Vesting Period                    The shares will be held in Escrow for
                                  the 5 year holding period
Nature of interest                Direct and Beneficial
                                  M Preece
Nature of transaction             Off market acceptance of the shares
Transaction Date                  18 February 2019
Number of Shares                  18 055
Class of Security                 Ordinary Shares
Market Price per Share            R46.2814
Total Value                     R835 611.26
Vesting Period                  The shares will be held in Escrow for
                                the 5 year holding period
Nature of interest              Direct and Beneficial
                                PA Schmidt
Nature of transaction           Off market acceptance of the shares
Transaction Date                18 February 2019
Number of Shares                24 285
Class of Security               Ordinary Shares
Market Price per Share          R46.2814
Total Value                     R1 123 944.58
Vesting Period                  The shares will be held in Escrow for
                                the 5 year holding period
Nature of interest              Direct and Beneficial


In terms    of paragraph 3.66 of the Listings requirements the
necessary   clearance to deal in the above securities has been
obtained.




25 February 2019
Sponsor:
JP Morgan Equities South Africa (Pty) Ltd

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