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Tuesday, 16th November 2004 (3654 views)

Gold Fields senior executives have won support from shareholders to stand firm in the face of a takeover bid from Harmony.<BR/><BR/>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.<BR/><BR/>A spokesperson told AFP that the AGM vote was carried easily, as the company sought to fend off Harmony's advances.<BR/><BR/>"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.<BR/> <BR/>"Most of the resolutions were approved by 98 per cent and only two resolutions failed to pass through."<BR/> <BR/>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.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=6095769"/>

 

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