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Randgold Resources (RRS)

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Friday 25 February, 2011

Randgold Resources

Restricted Stock Award Replacement

RNS Number : 8626B
Randgold Resources Ld
25 February 2011
 



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 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, 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 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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