29th Nov 2007 07:02
Randgold Resources Ld29 November 2007 This announcement is not for release, publication or distribution, directly orindirectly, in or into the United States, Canada, South Africa, Australia, Japanor any jurisdiction in which the same would be unlawful. This announcement isnot an offer of securities in the United States, Canada, South Africa,Australia, Japan or any jurisdiction in which the same would be unlawful. RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD("Randgold Resources" or the "Company") RANDGOLD RESOURCES PRICES GLOBAL OFFERING OF NEW SHARES London, 29 November 2007 (LSE: RRS) (Nasdaq: GOLD) - The board of directors ofRandgold Resources (the "Board") today announces that the global offering of6,000,000 new ordinary shares of US$0.05 each (the "Global Offer") in the formof ordinary shares or American Depositary Shares (the "New Shares") has beenpriced at US$35.25 per ordinary share and US$35.25 per American Depositary Share("ADS"). Each ADS represents one ordinary share of the Company. The gross proceeds are approximately US$211.5 million. The New Shares beingissued represent approximately 8.7 per cent of Randgold Resources' issuedordinary share capital prior to the Global Offer. The New Shares will rank paripassu with the existing ordinary shares in all respects. The Board expects to use the net proceeds from the Global Offer for thedevelopment of the Tongon project and other organic and corporate opportunities,including possible acquisitions. Randgold Resources is a gold mining and exploration business, the activities ofwhich are focused on West and East Africa, including mining operations at theLoulo and Morila mines in Mali. Current projects include the Yalea undergrounddevelopment at Loulo and the feasibility stage Tongon project in Cote d'Ivoire.The Company also has exploration programs in Mali, Cote d'Ivoire, Burkina Faso,Ghana, Senegal and Tanzania. Randgold Resources' ordinary shares are listed onthe London Stock Exchange under the ticker "RRS" and its American DepositaryShares are listed on the Nasdaq Global Select Market under the ticker "GOLD". Application has been made for, and the Global Offer is conditional on, interalia, admission of the New Shares to listing on the Official List maintained bythe UK Listing Authority and admission to trading by London Stock Exchange plcon its market for listed securities (together, "Admission"). Admission isexpected to take place, settlement to occur and dealings in the New Shares tocommence at 8.00 a.m. on 4 December 2007. The American Depositary Shares willtrade on the Nasdaq Global Select Market. HSBC Bank plc ("HSBC") is acting as the financial adviser, sole globalco-ordinator, joint bookrunner and underwriter in connection with the GlobalOffer. Citigroup Global Markets Limited is acting as the joint bookrunner andunderwriter for the Global Offer. HSBC and Citigroup Global Markets Limited(together, the "Representatives") are acting as representatives of certain otherunderwriters. Randgold Resources has granted the underwriters an over-allotmentoption to purchase up to 900,000 additional ordinary shares in the form of newordinary shares or American Depositary Shares to cover over-allotments, if any. The Company has filed with the US Securities and Exchange Commission aregistration statement on Form F-3 in relation to the New Shares, which documentconstitutes a prospectus for the purposes of the Companies (Jersey) (GeneralProvisions) Order 2002 (together with any amendments thereto, the "RegistrationStatement"). Copies of the Registration Statement are available fromwww.sec.gov. ENQUIRIES:Randgold ResourcesMark Bristow, Chief Executive Tel: +44 7880 711386 +44 7797 752288Graham Shuttleworth, Financial Director Tel: +44 7796 144438 +44 20 7557 7730Kathy du Plessis, Investor & Media Relations Tel: +44 20 7557 7738 Email: [email protected] HSBC Bank plc Tel: +44 20 7991 8888(Financial adviser, sole global co-ordinator, joint bookrunner and underwriter to the Global Offer)Adrian CoatesJan SandersCharles Spencer Citigroup Global Markets Limited Tel: +44 20 7986 4000(Broker, joint bookrunner and underwriter to the Global Offer)Tom Reid Tel: +44 20 7986 0515Andrew Forrester Tel: +44 20 7986 8729 Save as expressly set out, this announcement does not constitute an offer orinvitation to underwrite, subscribe for or otherwise acquire or dispose of anysecurities or investment advice in any jurisdiction. Past performance is noguide to future performance. Persons needing advice should consult anindependent financial adviser. This announcement is not for release, publication or distribution, directly orindirectly, in or into the United States, Canada, South Africa, Australia, Japanor any jurisdiction in which the same would be unlawful. The securities may notbe offered or sold in the United States absent registration or an exemption fromregistration under the US Securities Act of 1933, as amended. Any publicoffering of securities to be made in the United States is being made by means ofthe Company's Registration Statement filed with the US Securities and ExchangeCommission which contains detailed information about the Company and management,as well as financial statements. There will be no public offer of New Shares inthe United Kingdom or elsewhere outside the United States. No money, securitiesor other consideration is being solicited and, if sent in response to theinformation herein, will not be accepted. This announcement is only addressed to and directed at persons in member statesof the European Economic Area ("EEA") who are "qualified investors" ("QualifiedInvestors") within the meaning of Article 2(1)(e) of the EU Prospectus Directive(Directive 2003/71/EC) (the "Prospectus Directive"). Any person in the EEA whoacquires any securities in the Global Offer or to whom any offer of securitiesis made will be deemed to have acknowledged and agreed that they are such aQualified Investor. Stabilisation/FSA This announcement has been issued by and is the sole responsibility of theCompany. The Representatives and their respective affiliates and agents shallhave no liability for any information contained in it relating to the Company. HSBC and Citigroup Global Markets Limited, each of which is authorised andregulated in the United Kingdom by the Financial Services Authority, are actingexclusively for the Company and no one else in connection with the Global Offerand will not be responsible to anyone other than the Company for providing theprotections afforded to its clients nor for providing advice in relation to theGlobal Offer or in relation to the contents of this announcement or for anyother transaction, arrangement or matters referred to in this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources