29th Feb 2008 08:01
Randgold Resources Ld29 February 2008 RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD("Randgold Resources" or the "Company") RESTRICTED STOCK AWARD: NON EXECUTIVE DIRECTORS London, United Kingdom, 29 February 2008 - Randgold Resources Limited (LSE:RRS)(NASDAQ:GOLD) announces that in terms of the Company's remuneration fornon-executive directors approved by shareholders at the Annual General Meetingon 25 April 2005, an award of $30 000 is made each year to each non-executivedirector to be used for the purpose of acquiring restricted stock. The price ofthe 2008 restricted stock calculation was the Nasdaq Global Select Marketclosing price on 2 January 2008, being US$38.15. In terms of the 2006 award, the final tranche of 585 shares have been issued tothe beneficial account of each non-executive director. In terms of the 2007 award, the second tranche of 447 shares have been issued tothe beneficial account of each non-executive director. 447 shares have beenissued and will be remain in the restricted stock account of each non-executivedirector. Non-executive directors would be entitled to the third tranche of the2007 award, subject to the agreed conditions, on 1 January 2009. In terms of the 2008 award, 262 shares have been issued to the beneficialaccount of each non-executive director. 524 shares have been issued and will beremain in the restricted stock account of each non-executive director.Non-executive directors would be entitled to the second and third tranches ofthe 2008 award, subject to the agreed conditions, on 1 January 2009 and 1January 2010. The change in directors' holdings in the company is as follows: Director Shares awarded Shares awarded Shares awarded Holding after % shareholding of 2006 2007 2008 award issued share capital B H Asher 585 447 262 21 677 0.03N P Cole - 447 262 1 156 0.00R I Israel 585 447 262 17 722 0.02P Lietard 585 447 262 30 656 0.04A L Paverd 585 447 262 43 122 0.06K Voltaire - 447 262 1 156 0.00 Randgold Resources Enquiries:Chief Executive Financial Director Investor & Media RelationsDr Mark Bristow Graham Shuttleworth Kathy du Plessis+44 788 071 1386 +44 779 614 4438 +44 20 7557 7738+44 779 775 2288 Email: [email protected] Website: www.randgoldresources.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources