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Vesting of director's awards

31st Jan 2014 18:26

RNS Number : 0653Z
Randgold Resources Ld
31 January 2014
 



RANDGOLD RESOURCES LIMITED

Incorporated in Jersey, Channel Islands

Reg. No. 62686LSE Trading Symbol: RRS

NASDAQ Trading Symbol: GOLD

(the Company)

 

 

VESTING OF DIRECTORS' AWARDS UNDER THE RANDGOLD RESOURCES LIMITED CO-INVESTMENT PLAN

 

 

London, United Kingdom, 31 January 2014 - The Company announces that on 31 January 2014, 38,456 ordinary shares in the Company (Shares) were issued and allotted by the Company to Dr. Mark Bristow, a director of the Company, and 8,121 Shares were issued and allotted by the Company to Graham Shuttleworth, a director of the Company, at their nominal value (US$0.05) in satisfaction of the vesting of the awards granted on the 13 June 2011 under the Randgold Resources Limited Co-Investment Plan (the Awards).

 

The Awards are subject to a performance condition which measures the Company's Total Shareholder Return performance against the Euromoney Global Gold Index. This performance condition has been met in respect of each of the Awards. Accordingly, the Awards have vested in full.

 

Dr. Mark Bristow's shareholding in the Company is now 754,963 Shares or 0.816% of the current issued share capital of the Company.

 

Graham Shuttleworth's shareholding in the Company is now 70,511 Shares or 0.076% of the current issued share capital of the Company.

 

The Randgold Resources Limited Co-investment Plan, which has been approved by shareholders, is designed to reward sustained total shareholder return performance relative to global peers over a three year period and align the interests of the executives with the interests of shareholders.

 

 

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 7711338

+44 1534 735 333

+44 20 7557 7738

Email: [email protected]

Website: www.randgoldresources.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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