26th Feb 2009 16:09
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: NON EXECUTIVE DIRECTORS
London, United Kingdom, 26 February 2009 - Randgold Resources Limited announces that in terms of the Company's remuneration for non-executive directors approved by shareholders at the Annual General Meeting on 28 April 2008, an award of 3 000 restricted shares is made each year to each non-executive director. The price of the 2009 restricted stock calculation was the Nasdaq Global Select Market closing price on 2 January 2009, being US$43.92.
In terms of the 2007 award, the third and final tranche of 447 shares have been issued to the beneficial account of each non-executive director.
In terms of the 2008 award, the second tranche of 262 shares have been issued to the beneficial account of each non-executive director. A further 262 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the third tranche of the 2008 award, subject to the agreed conditions, on 1 January 2010.
In terms of the 2009 award the first tranche of 400 shares have been issued to the beneficial account of each non-executive director. A further 800 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the second and third tranches of the 2009 award, subject to agreed conditions, on 1 January 2010 and 1 January 2011 respectively.
The change in non executive directors' holdings in the company is as follows:
|
Director |
Shares awarded 2007 |
Shares awarded 2008 |
Shares awarded 2009 |
Current holding after award |
% shareholding of issued share capital |
|
B H Asher N P Cole C L Coleman R I Israel P Liétard A L Paverd K Voltaire J Walden |
447 447 - 447 447 447 447 - |
262 262 - 262 262 262 262 - |
400 400 400 400 400 400 400 400 |
22 786 2 265 1 800 44 231 31 765 34 231 2 265 400 |
0.03 0.00 0.00 0.06 0.04 0.06 0.00 0.00 |
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 1534 735 333 |
+44 20 7557 7738 Email: [email protected] |
Website: www.randgoldresources.com
Related Shares:
Randgold Resources