Tuesday, 16th November 2004 (2313 views)

Gold Fields senior executives have won support from shareholders to stand firm in the face of a takeover bid from Harmony.

The gold miner was given firm backing at its annual general meeting (AGM) to counter the bid launched by Harmony last month to conduct a hostile takeover.

A spokesperson told AFP that the AGM vote was carried easily, as the company sought to fend off Harmony's advances.

"The vote was unanimous for the re-election of the current management and chairman Chris Thompson which by extension shows that it was an overwhelming vote against the bid," he said.

"Most of the resolutions were approved by 98 per cent and only two resolutions failed to pass through."

Gold Fields chief executive officer Ian Cockerill has vowed to do all he can to fight the bid from Harmony, the world's sixth largest gold producer.

 

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