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Randgold Resources (RRS)

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Thursday 26 February, 2009

Randgold Resources

Restricted stock award: non e

RNS Number : 9644N
Randgold Resources Ld
26 February 2009
 



RANDGOLD RESOURCES LIMITED
Incorporated 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: randgoldresources@dpapr.com

Website: www.randgoldresources.com



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