13th May 2005 09:34
Randgold Resources Ld13 May 2005 Randgold Resources Limited Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD RESTRICTED STOCK AWARD : D M BRISTOW In terms of the Company's remuneration report approved by shareholders at theAnnual General Meeting on 25 April 2005, and in accordance with the terms of theService agreement entered into between the Company and its CEO, an award of 150 000 restricted shares have been granted to Dr D M Bristow. The price of therestricted stock calculation was the Nasdaq National Market closing price on 10May 2005, being US$12.78. In terms of the service agreement, having satisfied the agreed performancecriteria, one third of the shares were issued directly to Dr Bristow andtwo-thirds held as restricted stock. Dr Bristow would be entitled to the secondtranche on 1 January 2006 and the final tranche on 1 January 2007. As a result of the issuance of 50 000 shares, the change in Dr Bristow'sholdings in the company is as follows: Shares Holding after % ShareholdingAwarded award of issued share capital _________________________________________________ 50 000 606 700 1.02% This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources