Gold Fields insiders sell vested share awards
Gold Fields Limited filed a report detailing dealings in its shares by senior management after performance awards vested under the Gold Fields 2012 Share Plan.
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Rhea-AI Filing Summary
Gold Fields Limited filed a report detailing dealings in its shares by senior management after performance awards vested under the Gold Fields 2012 Share Plan. The company states that directors and prescribed officers took ownership of these performance shares and some then sold part or all of them on the market.
Prescribed officer KM Carter sold 48,189 ordinary shares at R901.1209 each for a total of R43,424,115.05. Prescribed officer BL Mokoatle sold 14,405 shares at the same price for R12,980,646.56. Prescribed officer J Magagula sold 8,000 shares for R7,208,967.20 and retained 9,206 shares with a deemed value of R8,295,719. CEO Mike Fraser retained 19,005 shares and shows zero shares traded.
The company notes that all transactions are direct and beneficial interests and that the required JSE clearance to deal in these securities was obtained in line with paragraph 6.83 of the Listings Requirements.
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