3rd May 2016 17:17
LONDON (Alliance News) - Shareholders of Randgold Resources Ltd have approved the company's proposal to award shares to all of the company's non-executive board members at the gold miner's annual general meeting on Tuesday.
Randgold has issued 13,500 shares in total to its non-executives, including Non-Executive Chairman Christopher Coleman and Senior Independent Director Norbone Cole.
Six Non-Executive Directors were awarded 9,000 shares in total, each taking 1,500 shares each. Those directors are Jamil Kassum, Kadri Dagdelen, Andrew Quinn, Safiatou Ba-N'Daw, Karl Voltaire and Jeanine Mabunda Lioko.
Coleman was awarded 2,500 shares and Cole was awarded 2,000 shares. All of the shares were issued following shareholder approval of all of the resolutions put forward at the general meeting, including the ones concerning the share awards, remuneration policy and the re-election of the board, which all passed comfortably.
Randgold did not state what stake in the company each director held in the company following the share awards, but the 13,500 shares issued represent around 0.01% of the company's issued share capital.
The other members of the board are the Executive Directors, Chief Executive Mark Bristow and Chief Financial Officer Graham Shuttleworth.
Randgold shares closed up 0.7% to 6,817.60 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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