Manufacturing Industry
Further re Offer by Harmony.
PR Newswire UK Disclose, November, 2004
MEDIA RELEASE
THE CHOICE FOR SHAREHOLDERS IS CLEAR: GOLD FIELDS' PROVEN TRACK RECORD OF
CREATING SHAREHOLDER VALUE
REJECT THE HARMONY OFFER
Johannesburg, 9 November 2004. Following Harmony's presentation this afternoon,
Ian Cockerill, Chief Executive Officer of Gold Fields Limited, commented:
"The core issue, which was not addressed in today's presentation by Harmony, is
that their coercive two-stage offer substantially undervalues Gold Fields'
shares."
In addition, the Board of Gold Fields would like to remind shareholders of the
following facts:
eCo Gold Fields has delivered a 200% return to its shareholders over the last
five years; Harmony's equivalent return is only 112%A ;
eCo Gold Fields has maintained a consistent level of gold production in...
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