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GOLD FIELDS LIMITED - Dealing in securities

Release Date: 26/02/2019 11:50
Code(s): GFI     PDF:  
 
Wrap Text
Dealing in securities

Gold Fields Limited
Reg. No. 1968/004880/06)
Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123

DEALING IN SECURITIES BY DIRECTORS

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 Performance Shares to
directors of major subsidiaries of Gold Fields in terms of the
Gold Fields Limited 2012 Share Plan (as amended) as set out
below.

Performance Shares (PS) are conditionally awarded, based on a share
price of R46.2814 being the 3 day VWAP of 26, 27, 28 February 2018.
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. The number of PS which may settle to a participant on
vesting date i.e. three years from effective date of the award, will
be determined by the company achieving pre-determined performance
conditions as follows:

Relative Total Shareholder Return (TSR) - measured against the
performance of ten other major gold mining companies based on the
Gold Fields share price compared to the basket of respective US
dollar share prices of the peer group,
Absolute Total Shareholder Return (TSR) - Gold Fields share price
measured at the start and the end of the performance period.
Free Cash Flow Margin (FCFM) – achievement of pre-determined FCFM
target. The number of shares to be settled will range from 0% to
200% of the initial conditional award.

Name                              NJ Holland
Position                          Director of: Gold Fields Ltd
No of PS awarded and accepted     380 207
Award Acceptance Date             25 February 2019
Class of underlying security to   Ordinary shares
which rights attach
Nature of transaction             Off market acceptance of
                                  Performance Shares awarded
Vesting Period                    Performance Shares vest on
                                  third anniversary of effective
                                  Award date
Nature of interest                Direct and Beneficial
Name                              A Baku
Position                          Director of a Major Subsidiary:
                                  Gold Fields Ghana(Pty) Ltd
No of PS awarded and accepted     305 617
Award Acceptance Date             25 February 2019
Class of underlying security to   Ordinary shares
which rights attach
Nature of transaction             Off market acceptance of
                                  Performance Shares awarded
Vesting Period                    Performance Shares vest on
                                  third anniversary of effective
                                  Award date
Nature of interest                Direct and Beneficial


In accordance with section 3.66 of the Listings Requirements, the
necessary clearance was obtained.


26 February 2019
Sponsor:
JP Morgan Equities Limited

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