30th Apr 2007 08:00
Randgold Resources Ld30 April 2007 RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD RANDGOLD RESOURCES NAMES SHUTTLEWORTH AS NEW CFO Jersey, Channel Islands, 30 April 2007 (LSE:RRS)(Nasdaq:GOLD) - London andNasdaq listed gold miner Randgold Resources has appointed Graham Shuttleworth aschief financial officer and financial director. Shuttleworth, who will take uphis new position on 1 July 2007 is currently the New York-based head of metalsand mining for the Americas in the global investment banking division of HSBC. The 38-year-old Shuttleworth, a qualified chartered accountant, was corporatefinance manager of the South African Randgold & Exploration group at a time whenit included eight listed gold companies, among them Randgold Resources. Hejoined HSBC in 2000, where he has led or been involved in a wide range of majormining industry transactions, including Randgold Resources' Nasdaq listing, itsbid for Ashanti Goldfields and its 2002 US$110 million equity offering. "Graham has been closely associated with Randgold Resources since its inception,originally as part of the management team and subsequently as an advisor. Hebrings to his new position not only an intimate understanding of the company butalso a wealth of investment banking experience gained at a high level in Londonand New York," said chief executive Mark Bristow. Shuttleworth succeeds Roger Williams who has spent 10 years with the company,the last five as CFO. Paying tribute to the contribution Williams made atRandgold Resources, Bristow said: "Roger played an integral role in and servedthe company selflessly during its critical formative years. While he will bemissed, we sympathise with his desire to pursue an opportunity where he candevote more time to his young family in South Africa. Roger will stay with thecompany until the end of July to ensure a smooth handover." RANDGOLD RESOURCES ENQUIRIES: Chief Executive Investor & Media RelationsDr Mark Bristow Kathy du Plessis+44 779 775 2288 +27 11 728 4701+44 788 071 1386 Cell: +27 83 266 5847 Email: [email protected] Website: www.randgoldresources.com DISCLAIMER: Statements made in this document with respect to Randgold Resources'current plans, estimates, strategies and beliefs and other statements that arenot historical facts are forward-looking statements about the future performanceof Randgold Resources. These statements are based on management's assumptionsand beliefs in light of the information currently available to it. RandgoldResources cautions you that a number of important risks and uncertainties couldcause actual results to differ materially from those discussed in theforward-looking statements, and therefore you should not place undue reliance onthem. The 2005 annual report notes that the financial statements do not reflectany provisions or other adjustments that might arise from the claims and legalprocess initiated by Loulo against MDM. Other potential risks and uncertaintiesinclude risks associated with: fluctuations in the market price of gold, goldproduction at Morila, the development of Loulo and estimates of resources,reserves and mine life. For a discussion on such other risk factors refer tothe annual report on Form 20-F for the year ended 31 December 2005 which wasfiled with the United States Securities and Exchange Commission (the 'SEC') on29 June 2006. Randgold Resources assumes no obligation to update information inthis release. Cautionary note to US investors: the 'SEC' permits companies, intheir filings with the 'SEC', to disclose only proven and probable ore reserves.We use certain terms in this release, such as "resources", that the 'SEC' doesnot recognise and strictly prohibits us from including in our filings with the 'SEC'. Investors are cautioned not to assume that all or any parts of ourresources will ever be converted into reserves which qualify as 'proven andprobable reserves' for the purposes of the SEC's Industry Guide number 7. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources