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”)
DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements
of JSE Limited, shareholders are advised of the award of Conditional
Performance Shares (“PS”) to directors and prescribed officers of the
Company and major subsidiaries, in terms of the Gold Fields Limited
2012 Share Plan (as amended) as set out below. The PS were awarded on
19 August 2021 with the effective date being 15 February 2021.
PS are conditionally awarded, based on a share price of R125.588212
being the 3 day average VWAP of 24, 25, 26 February 2021. The PS have a
three year vesting period, i.e. these will vest three years from
effective date of the award (“Vesting Date”). The number of settlement
PS for each participant on Vesting Date will be determined by the
Company after achieving the following pre-determined performance
conditions measured over a three year performance period from 1 January
2021 to 31 December 2023:
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 TSR - Gold Fields share price measured at the start and the
end of the performance period;
Free Cash Flow Margin – achievement of pre-determined FCFM target;
Reducing Carbon Emissions
-
achievement of pre-determined target related
to building resilience to climate change; and
Diversity and Inclusion – achievement of gender representation
pre-determined targets.
The number of settlement PS will range from 0% to 200% of the initial
conditional award depending on the performance levels achieved over the
three-year period in relation to the aforementioned conditions.
Name of executive director
CI Griffith
Designation
Executive director
Nature of transaction
Off market acceptance of PS
Transaction Date
19 August 2021
Number of Shares
110,068
Class of Security
Ordinary shares
Market Price per share
R125.588212
Total Value
R13,823,333
Nature of interest
Direct and Beneficial
Name of executive director
PA Schmidt
Designation
Executive director
Nature of transaction
Off market acceptance of PS
Transaction Date
19 August 2021