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Vesting of directors' awards

15th Jun 2016 14:38

RNS Number : 3044B
Randgold Resources Ld
15 June 2016
 

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 RESTRICTED SHARE SCHEME

 

Jersey, Channel Islands, 15 June 2016

 

The Company announces that on 15 June 2016, 3 205 ordinary shares in the Company were issued and allotted by the Company to Mark Bristow, a director of the Company, and 677 ordinary shares in the Company were issued and allotted by the Company to Graham Shuttleworth, a director of the Company, at their nominal value ($0.05) in satisfaction of the partial vesting of the third and final one-third tranche of the awards granted on the 13 June 2011 under the Randgold Resources Limited Restricted Share Scheme (the "Award") in respect of 38 456 ordinary shares and 8 121 ordinary shares to Mark Bristow and Graham Shuttleworth respectively.

 

The Awards are subject to performance conditions which measure earnings per share growth, absolute total shareholder return, additional reserve growth and absolute reserve growth.

 

The performance conditions have been met in part in respect of the third and final one-third tranche of the Awards and accordingly the respective ordinary shares have been issued. The remaining shares comprised in the third tranche of the Awards have lapsed in accordance with the rules of the Randgold Resources Limited Restricted Share Scheme.

 

Mark Bristow's shareholding in the Company is now 788 534 ordinary shares or 0.84% of the current issued share capital of the Company.

 

Graham Shuttleworth's shareholding in the Company is now 83 878 ordinary shares or 0.09% of the current issued share capital of the Company.

 

The Randgold Resources Limited Restricted Share Scheme, which has been approved by shareholders, is designed to reward sustainable long term performance subject to the achievement of stretching operational and financial performance targets.

 

Randgold Resources Enquiries:

Chief ExecutiveMark Bristow+44 788 071 1386+44 779 775 2288

Financial DirectorGraham Shuttleworth+44 1534 735 333+44 779 771 1338

Investor & Media RelationsKathy du Plessis+44 20 7557 7738Email: [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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