13th May 2005 09:19
Randgold Resources Ld13 May 2005 Randgold Resources LimitedIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD RESTRICTED STOCK AWARD: NON EXECUTIVE DIRECTORS In terms of the Company's remuneration for non-executive directors approved byshareholders at the Annual General Meeting on 25 April 2005, an award of $30 000was made to each non-executive director to be used for the purpose of acquiringrestricted stock. The price of the restricted stock calculation was the NasdaqNational Market closing price on 10 May 2005, being US$12.78. In terms of the policy, 783 shares were issued directly to each non-executivedirector and 1565 shares would be held as 'restricted stock.' Non-executivedirectors would be entitled to the second tranche, subject to the agreedconditions, on 1 January 2006 and the balance on 1 January 2007. As a result of the issuance of 783 shares, the change in directors' holdings inthe company is as follows: Director Shares Holding after % Shareholding Awarded award of issued share capital _____________________________________________________________________________B H Asher 783 17 203 0.03%J-A Cramer 783 13 249 0.02%R I Israel 783 13 249 0.02%P Lietard 783 783 0.00%A L Paverd 783 38 649 0.06% This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources