28th Feb 2007 13:21
Randgold Resources Ld28 February 2007 RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD RESTRICTED STOCK AWARD: NON EXECUTIVE DIRECTORS London, United Kingdom, 28 February 2007 - Randgold Resources Limited (LSE:RRS)(NASDAQ:GOLD) ("Randgold Resources" or the "Company") announces that in terms ofthe Company's remuneration for non-executive directors approved by shareholdersat the Annual General Meeting on 25 April 2005, an award of $30 000 is made eachyear to each non-executive director to be used for the purpose of acquiringrestricted stock. The price of the 2007 restricted stock calculation was theNasdaq National Market closing price on 3 January 2007, being US$22.37. In terms of the 2005 award, 783 shares, previously held in the restricted stockaccount, have now vested and have been transferred to the beneficial account ofeach non-executive director. In terms of the 2006 award, 584 shares have been issued to the beneficialaccount of each non-executive director. 585 shares have been issued and willremain in the restricted stock account of each non-executive director.Non-executive directors would be entitled to the finale tranche of the 2006award, subject to the agreed conditions, on 1 January 2008. In terms of the 2007 award, 447 shares have been issued to the beneficialaccount of each non-executive director. 894 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 2007 award, subject to the agreed conditions, on 1 January 2008 and 1January 2009. The change in directors' holdings in the company is as follows: Director Shares Shares Shares Holding after % shareholding of awarded awarded awarded award issued share capital 2005 2006 2007B H Asher 783 584 447 20 383 0.03N P Cole - - 447 447 0.00R I Israel 783 584 447 16 428 0.02P Lietard 783 584 447 29 362 0.04A L Paverd 783 584 447 41 828 0.06K Voltaire - - 447 447 0.00 Randgold Resources Enquiries: Chief Executive Financial Director Investor & Media RelationsDr Mark Bristow Roger Williams Kathy du Plessis+44 779 775 2288 +44 791 709 8939 +27 11 728 4701+223 675 0122 +223 675 0109 Fax : +27 11 728 2547 Cell : +27 83 266 5847 Email: [email protected] Website: http://www.randgoldresources.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources