Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, A Grigorian°, N J Holland
†
(Chief Financial Officer), J M McMahon
†
,
J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
williej@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.z
M E D I A
R E L E A S E
NOT TO BE RELEASED OR DISTRIBUTED IN, INTO OR FROM
AUSTRALIA, CANADA OR JAPAN.
GOLD FIELDS SUCCESSFULLY COMPLETES
CAPITAL RAISING
Johannesburg, 31 January 2007. Gold Fields Limited (“Gold Fields”)
(NYSE, JSE, DIFX: GFI) is pleased to announce today the successful
completion of the capital raising announced on 25 January 2007 (the
“Capital Raising”).
In the Capital Raising, 79 million new shares in Gold Fields have been
placed with institutional investors by way of a private placement at an
offer price of ZAR113.50 (the “Offer Price”) per new ordinary share.
The Capital Raising was oversubscribed and the Offer Price of
ZAR113.50 represents a discount of 2.9% to the closing price of Gold
Fields shares on the JSE Limited on 30 January 2007.
Based on the Offer Price, the gross proceeds to be received by Gold
Fields is approximately ZAR8.9 billion (raising approximately US$1.2
billion at a ZAR/US$ exchange rate of approximately 7.30). The new
shares represent approximately 14 per cent of Gold Fields’ issued
ordinary share capital prior to the Capital Raising.
The proceeds of approximately US$1.2 billion will be used to repay
debt incurred for purposes of Gold Fields’ acquisition of Barrick Gold
Corporation’s 50 per cent interest in the South Deep asset and its
rights under the joint venture agreement with Western Areas Limited.
As is customary in both local and international primary capital raisings,
an over-allotment option ("the Over-allotment Option") has been
granted by Gold Fields pursuant to which it may issue an additional
11.85 million new ordinary shares ("the Over-allotment Shares") at the
Offer Price, in order to inter alia cover over-allotments.
The New Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with the existing issued ordinary shares
of Gold Fields, including the right to receive future dividends and other
distributions declared, made or paid after the date of their issue,
including the right to participate in the dividend of 90 SA cents per Gold
Fields share announced on 25 January 2007. Application will be made
for the New Shares to be admitted to trading on the JSE Limited
(“Admission”). Admission, settlement and commencement of dealings
are expected to take place on or around 7 February 2007.
ends