Gold Fields R2.5bn offer oversubscribed

Cape Town – Gold Fields said on Friday that it had successfully priced and closed an accelerated offering to raise up to R2.5 billion. A statement from the company said the offer had been significantly oversubscribed and a total number of 38.8 million new Gold Fields shares had been placed with institutional investors.

This is equivalent to around 5 percent of the company’s issued share capital before the placing.

The shares were priced at R59.50, representing a discount of 6 percent on the 30-day volume weighted average traded price.