JERSEY, CHANNEL ISLANDS--(Marketwired - Mar 17, 2017) - Randgold Resources Limited (NASDAQ: GOLD) (LSE: RRS)
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources" or the "Company")
Jersey, Channel Islands, 17 March 2017
DIRECTORS' ACQUISITION OF SHARES
Randgold Resources Limited announces the following acquisition of shares in the Company, as required under Article 19 of the EU Market Abuse Regulation:
a. Mark Bristow, a director of the Company, acquired 12 946 ordinary shares of the Company on 16 March 2017.
b. Graham Shuttleworth, a director of the Company, acquired 4 055 ordinary shares of the Company on 16 March 2017.
The above shares were acquired by Mark Bristow and Graham Shuttleworth in line with the Randgold Resources Annual Bonus Plan which requires them to invest one third of their 2016 annual bonus in shares of the Company for a period of three years. The shares were issued in to a nominee account at a price of $84.19, being the closing share price on the date before the executives were invited to acquire shares to satisfy the minimum requirement described above.
VESTING, AND GRANT OF AWARDS TO MARK BRISTOW AND GRAHAM SHUTTLEWORTH UNDER THE RANDGOLD RESOURCES LIMITED CO-INVESTMENT PLAN AND THE RANDGOLD RESOURCES LIMITED RESTRICTED SHARE SCHEME
RANDGOLD RESOURCES LIMITED CO-INVESTMENT PLAN
Following Mark Bristow and Graham Shuttleworth, both directors of the Company, each electing to "lock-up" the maximum permissible number of ordinary shares in the Company for a period of 3 years (being 51 602 Shares and 10 095 Shares respectively) under the Randgold Resources Limited Co-investment Plan, they became eligible for the grant of "matching" awards under the plan. Consequently, an award under the plan of 51 602 ordinary shares was granted to Mark Bristow and an award of 10 095 ordinary shares was granted to Graham Shuttleworth, on 17 March 2017. The awards granted to both Mark Bristow and Graham Shuttleworth may vest, in full or in part, after the expiry of the performance period on 31 December 2019, to the extent that the performance conditions as specified by the plan are met. A one year post-vesting holding requirement applies to 100 per cent. of the vested shares.
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