RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold Resources" or the "Company")
EXERCISE OF OVER-ALLOTMENT OPTION
London, United Kingdom, 10 December, 2007 (LSE: RRS) (Nasdaq: GOLD ) - Randgold
Resources announced today that, further to the announcement made on November 29,
2007 in relation to the global offering of 6,000,000 new ordinary shares (the "
Global Offer") in the form of ordinary shares or American Depositary Shares (the
"New Shares"), the underwriters of the Global Offer have exercised part of the
over-allotment option granted to them.
The Company will issue an additional 821,000 new ordinary shares in the form of
ordinary shares or American Depositary Shares (the "Option Shares") at US$35.25
per ordinary share and US$35.25 per American Depositary Share ("ADS"). Each ADS
represents one ordinary share of the Company.
The total gross proceeds from the Global Offer, including the over-allotment
option, are approximately US$240.4 million.
HSBC Bank plc is acting as the financial advisor, sole global coordinator, joint
bookrunner and underwriter in connection with the Global Offer. Citigroup
Global Markets Limited is acting as the joint bookrunner and underwriter for the
Global Offer.
The New Shares and Option Shares are being offered in the United States pursuant
to an effective registration statement filed with the Securities and Exchange
Commission and in other jurisdictions where such offer would be lawful. Copies
of the prospectus relating to this offering may be obtained from HSBC Securities
(USA) Inc., 452 Fifth Avenue, New York, NY 10018.
This press release shall not constitute an offer to sell, or a solicitation of
any offer to buy, nor shall there be any sales of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of any such
state or jurisdiction.
ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Dr Mark Bristow Graham Shuttleworth Kathy du Plessis
+44 788 071 1386 +44 779 614 4438 +44 20 7557 7738
+44 779 775 2288 +44 20 7557 7730 Email: randgoldresources@dpapr.com
DISCLAIMER:
Statements made in this document with respect to Randgold Resources' current
plans, estimates, strategies and beliefs and other statements that are not
historical facts are forward-looking statements about the future performance of
Randgold Resources. These statements are based on management's assumptions and
beliefs in light of the information currently available to it. Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them. The potential risks and uncertainties include, among others, risks
associated with: fluctuations in the market price of gold, gold production at
Morila and Loulo, the development of Loulo and estimates of resources, reserves
and mine life. For a discussion on such risk factors refer to the annual report
on Form 20-F for the year ended 31 December 2006 which was filed with the United
States Securities and Exchange Commission (the 'SEC') on 25 June 2007. Randgold
Resources sees no obligation to update information in this release. Cautionary
note to US investors; the 'SEC' permits companies, in their filings with the '
SEC', to disclose only proven and probable ore reserves. We use certain terms
in this release, such as "resources", that the 'SEC' does not recognise and
strictly prohibits us from including in our filings with the 'SEC'. Investors
are cautioned not to assume that all or any parts of our resources will ever be
converted into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.
This announcement is only addressed to and directed at persons in member states
of the European Economic Area ("EEA") who are "qualified investors" ("Qualified
Investors") within the meaning of Article 2(1)(e) of the EU Prospectus Directive
(Directive 2003/71/EC) (the "Prospectus Directive"). Any person in the EEA who
acquires any securities in the Global Offer or to whom any offer of securities
is made will be deemed to have acknowledged and agreed that they are such a
Qualified Investor. In the United Kingdom, this announcement is directed at
persons whose ordinary activities involve them in acquiring, holding, managing
and disposing of investments (as principal or agent) for the purposes of their
business and who have professional experience in matters relating to investments
and who fall within Article 19(1) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order") or are persons who
fall within Article 49(2)(a) to (d) ("high net worth companies, unincorporated
association, etc.") of the Order or to whom it may otherwise lawfully be
communicated.
This information is provided by RNS
The company news service from the London Stock Exchange
RANDGOLD RESOURCES ANNOUNCES EXERCISE OF OVER-ALLOTMENT
| Source: Randgold Resources
Jersey, Channel Islands--(Marketwire - December 10, 2007) -