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Randgold Resources (RRS)

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Tuesday 23 February, 2010

Randgold Resources

Restricted stock award: non e

RNS Number : 5500H
Randgold Resources Ld
23 February 2010
 



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, 23 February 2010 - 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 5 May 2009, an award of 1 200 restricted shares  is made each year to each non-executive director.  The price of the 2010 restricted stock calculation was the Nasdaq Global Select Market closing price on 4 January 2010, being US$82.25.

 

In terms of the 2008 award, the third and final tranche of 262 shares have been issued to the beneficial account of each non-executive director.

 

In terms of the 2009 award the second tranche of 400 shares have 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 2009 award, subject to agreed conditions, on 1 January 2011.

 

In terms of the 2010 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 2010 award, subject to agreed conditions, on 1 January 2011 and 1 January 2012 respectively.

 

The change in non executive directors' holdings in the company is as follows:

Director

Shares awarded
2008

Shares awarded
2009

Shares awarded
2010

Current holding after award

% shareholding of issued share capital

N P Cole

262

400

400

3 372

0.00

C L Coleman

-

400

400

2 600

0.00

R I Israel

262

400

400

41 263

0.05

P Liétard

262

400

400

32 827

0.04

K Voltaire

262

400

400

3 372

0.00

J Walden

-

400

400

1 200

0.00

 

Randgold Resources Enquiries:

Chief Executive
Dr Mark Bristow
+44 788 071 1386
+44 779 775 2288

Financial Director
Graham Shuttleworth
+44 779 614 4438
+44 1534 735 333

Investor & Media Relations
Kathy du Plessis
+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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