23rd Jan 2006 15:29
Randgold Resources Ld23 January 2006 RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD SALE OF RANDGOLD & EXPLORATION SHARES IN RANDGOLD RESOURCES London, 23 January 2006 (LSE:RRS) (NASDAQ:GOLD) - Randgold Resourcesannounced today that it was informed by Societe Generale SA (SG) on 20 January2006 that SG had acquired 4 000 000 Randgold Resources shares on 19 January2006. Based on available information, Randgold Resources believes that these shares -which represent some 5% of the company's issued share capital - were formerlyowned by a wholly owned subsidiary of Randgold & Exploration Company (RG&E) andhave since been sold by SG at a price of US$16.50 to a number of investors. Dr Mark Bristow, chief executive of the London and Nasdaq listed gold miner,said according to the company's records, the shares concerned represented RG&E'sonly identifiable remaining holding in Randgold Resources. Randgold Resourcesbelieves that their sale terminates the last link between the two companies andunderlines Randgold Resources' status as a fully independent business with abroad shareholder base. RANDGOLD RESOURCES ENQUIRIES: Chief Executive Investor & Media Relations Dr Mark Bristow Kathy du Plessis +44 779 775 2288 +27 11 728 4701 +27 82 800 4293 Cell: +27 83 266 5847 +223 675 0122 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 potential risks and uncertainties include, among others, risksassociated with: fluctuations in the market price of gold, gold production atMorila, the development of Loulo and estimates of resources, reserves and minelife. For a discussion on such risk factors refer to the annual report on Form20-F for the year ended 31 December 2004 which was filed with the United StatesSecurities and Exchange Commission on 29 June 2005, as subsequently amended.Randgold Resources sees no obligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources