19th Mar 2010 16:26
RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD ("Randgold Resources" or the "Company")
RESTRICTED STOCK AWARD AND SALE OF SHARES: D M BRISTOW
London, United Kingdom, 19 March 2010 - Randgold Resources Limited announced on 27 March 2009 that two awards of 40 000 restricted shares were granted to the chief executive, Dr D M Bristow. In terms of the first award two thirds of the award would vest on 1 January 2010 and in the second award one third would vest on 1 January 2010. The stock has now vested and the shares have been issued to Dr D M Bristow. The price of the restricted stock calculation was the Nasdaq Global Select Market closing price on 2 January 2009, being US$43.26.
In terms of the evaluation by the Company's Remuneration Committee, Dr Bristow achieved the agreed performance criteria and accordingly the 26 667 and 13 333, totaling 40 000 restricted shares have been issued directly to him.
Dr Bristow elected to sell 20 000 shares which were sold on 19 March 2010 at US$74.35, but his total holding has increased by 20 000 shares, remaining the single largest individual shareholding in the Company, and is now as follows:
Holding prior to award |
Restricted shares awarded and issued |
Shares sold |
Holding after award and sale |
% Shareholding after award |
677 584 |
40 000 |
20 000 |
697 584 |
0.77 |
Randgold Resources Enquiries:
Chief Executive |
Financial Director |
Investor & Media Relations |
Dr Mark Bristow |
Graham Shuttleworth |
Kathy du Plessis |
+44 788 071 1386 +44 779 775 2288 |
+44 779 614 4438 |
+44 20 7557 7738 Email: [email protected] |
Website : www.randgoldresources.com
Related Shares:
Randgold Resources