SOURCE: Randgold Resources

December 16, 2009 05:37 ET

Randgold Shareholders Approve Kibali Transaction

JERSEY, CHANNEL ISLANDS--(Marketwire - December 16, 2009) - On 31 October 2009, Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD) announced that, together with AngloGold Ashanti Limited ("AngloGold"), it had entered into an agreement ("Sale and Purchase Agreement") for the acquisition of a further 20% interest in Kibali Goldmines s.p.r.l. ("Kibali Goldmines") from L'Office des Mines d'Or de Kilo-Moto ("OKIMO") for an aggregate consideration of approximately US$113.6 million (the "Kibali Acquisition"). As set out in the circular sent to Randgold shareholders on 30 November 2009, one of the conditions precedent to completion of the Kibali Acquisition was the approval by Randgold shareholders of the Kibali Acquisition.

Randgold is pleased to announce that, at the extraordinary general meeting held earlier today, shareholders of the Company passed the resolution to approve the acquisition by Kibali (Jersey) Limited ("Kibali (Jersey)") of shares in Kibali Goldmines.

The final voting figures are shown below:

ORDINARY RESOLUTION                         FOR     AGAINST    ABSTENTIONS
1.  The proposed acquisition by
Kibali (Jersey) Limited of shares
in Kibali Goldmines s.p.r.l. be
and is hereby approved               61,646,329       4,589          6,868
(Resolution 1)
RESOLUTION CARRIED

99.99% of those Randgold shareholders present and voting voted in favour of the Kibali Acquisition.

Randgold and Kibali (Jersey) will now work with OKIMO to satisfy the remaining conditions precedent under the Sale and Purchase Agreement with a view to closing the transaction before the end of the year.

Website: www.randgoldresources.com

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/2018E_1-2009-12-16.pdf

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold" or the "Company")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Contact Information

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

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

    Investor & Media Relations
    Kathy du Plessis
    +44 20 7557 7738
    Email: Email Contact

    Randgold Resources Limited
    David Haddon
    General Counsel and Secretary
    Tel: +44 1534 735 333