SOURCE: Randgold Resources

February 25, 2016 11:27 ET

Randgold Resources: Director/PDMR Shareholding

JERSEY, CHANNEL ISLANDS--(Marketwired - Feb 25, 2016) - Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD)

Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
(the "Company")

The Company announces that earlier today, 36 724 ordinary shares in the Company (the "Shares") were issued and allotted by the Company to Mark Bristow, a director of the Company, and 8 401 Shares were issued and allotted by the Company to Graham Shuttleworth, a director of the Company, at their nominal value ($0.05) in satisfaction of the vesting in full of the awards granted under the Randgold Resources Limited Co-Investment Plan (the "Awards"). 

The Awards are subject to a performance condition which measures the Company's Total Shareholder Return performance against the Euromoney Global Gold Index. This performance condition has been met at the maximum level in respect of each of the Awards. Accordingly, the Awards have vested in full.

The Randgold Resources Limited Co-Investment Plan, which has been approved by shareholders, is designed to reward sustained total shareholder return performance relative to global peers over a three year period and align the interests of the executives with the interests of shareholders.


In his capacity as a director of the Company, Graham Shuttleworth today notified the Company of the sale of 8 000 Shares, which took place earlier, at a price of GBP66.02 per Share.

Following the allotment of the Awards and Graham Shuttleworth's disposal:

(a) Mark Bristow's shareholding in the Company is now 770 715 Shares or 0.824% of the current issued share capital of the Company; and

(b) Graham Shuttleworth's shareholding in the Company is now 79 052 Shares or 0.093% of the current issued share capital of the Company.


Contact Information


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

    Financial Director
    Graham Shuttleworth
    +44 779 7711338
    +44 1534 735 333

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