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Dealing in securities by an executive and director of major subsidiaries

Published: 2023-06-30 17:30:24 ET
<<<  go to JSE:GFI company page
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code:ZAE000018123
(“Gold Fields” or the “Company”)


DEALING IN SECURITIES BY AN EXECUTIVE AND DIRECTOR OF MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of
JSE Limited, shareholders are advised that Mrs. R Bardien, an Executive and
director   of   major   subsidiaries   of  Gold   Fields   has   traded  in
Conditional Matching Shares which Gold Fields awarded on 28 June 2023 (“the
Award Date”), in accordance with the provisions of the Company’s Minimum
Shareholding Requirement (MSR) as approved at the AGM on 18 May 2016.

In accordance with the provisions of the Company’s Minimum Shareholding
Requirement (MSR), all shares committed towards the MSR shareholding
target, which were restricted shares held in escrow, has been released
after the holding period has lapsed for purposes of this trade.

Minimum Shareholding Requirement (MSR): The MSR is mandatory for Executives
to hold GFL shares for a holding period of 6 years based on the following
target shareholdings:

CEO: 300% 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 the holding period and held in Escrow.

Details of the transaction are set out below:

Nature of transaction             Off market acceptance of matching shares
Transaction Date                  29 June 2023
Number of Shares                  3,464
Class of Security                 Ordinary Shares
Market Price per Share            R256.0394
Total Value                       R886,920.48
Vesting Period                    The shares will be held until the end of
                                  the holding period
Nature of interest                Direct and Beneficial

Shareholders are further advised that Mrs. Bardien sold Gold Fields Limited
shares on the open market. Details of the transaction are set out below:

Nature of transaction             On market sale of shares
Transaction Date                  30 June 2023
Number of Shares                  15,255
Class of Security                 Ordinary Shares
Price per Share                   R259.6393
Total Value                       R3,960,797.52
Vesting Period                    Nil
Nature of interest                Direct and Beneficial
Nature of transaction               Retained shares
Transaction Date                    30 June 2023
Number of Shares                    18,317
Class of Security                   Ordinary Shares
Price per Share                     R259.6393
Total Value                         R4,755,813.05
Vesting Period                      Nil
Nature of interest                  Direct and Beneficial

Clearance to deal   has   been   obtained   in   terms   of   3.66   of   the   Listings
Requirements.

30 June 2023
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd