25th Feb 2011 08:44
Randgold Resources Limited announces that the following amendment has been made to the Restricted Stock Award announcement released on 23 February at 07:00 under RNS number 6974B.
A correction has been made to Mr R I Israel's shareholding. All other details remain unchanged.
RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD
("Randgold Resources" or the "company")
RESTRICTED STOCK AWARD: NON EXECUTIVE DIRECTORS
London, United Kingdom, 25 February 2011 - 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 4 May 2010, an award of 1 200 restricted shares is made each year to each non-executive director. The price of the 2011 restricted stock calculation was the Nasdaq Global Select Market closing price on 3 January 2011, being US$81.60.
In terms of the 2009 award the third and final tranche of 400 shares has been issued to the beneficial account of each non-executive director.
In terms of the 2010 award the second tranche of 400 shares has been issued to the beneficial account of each non-executive director. A further 400 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 2010 award, subject to agreed conditions, on 1 January 2012.
In terms of the 2011 award the first tranche of 400 shares has 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 2011 award, subject to agreed conditions, on 1 January 2012 and 1 January 2013 respectively.
The change in non-executive directors' holdings in the company is as follows:
Director | Shares awarded 2009 | Shares awarded 2010 | Shares awarded 2011 | Current holding after award | % shareholding of issued share capital |
N P Cole C L Coleman K Dagdelen R I Israel P Liétard K Voltaire | 400 400 - 400 400 400 | 400 400 - 400 400 400 | 400 400 400 400 400 400 | 4 572 3 800 400 36 463 34 027 4 572 | 0.01 0.00 0.00 0.04 0.04 0.01 |
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 1534 735 333+44 779 771 1338 | +44 20 7557 7738Email: [email protected] |
Website: www.randgoldresources.com
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Randgold Resources