Jersey, Channel Islands -- (MARKET WIRE) -- March 19, 2007 --
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: D M BRISTOW
London, United Kingdom, 19 March 2007 - Randgold Resources Limited (LSE: RRS)
(NASDAQ:
GOLD) announces that in terms of the Company's remuneration report
approved by shareholders at the Annual General Meeting on 25 April 2005, and in
accordance with the terms of the Service Agreement entered into between the
Company and its CEO, an award of 150 000 restricted shares was granted to Dr D M
Bristow. The price of the restricted stock calculation was the Nasdaq National
Market closing price on 10 May 2005, being US$12.78.
In terms of the service agreement, having satisfied the agreed performance
criteria, the final third of the shares have been issued directly to Dr Bristow.
Dr Bristow elected to sell 50,000 shares which were sold on 15 March 2007 at
US$23.06.
As a result of the issuance and sale of 50 000 shares, the change in Dr
Bristow's holding is as follows (the previous holding has been rectified to
include an additional 4,184 shares registered in his name):
Holding prior to Shares Awarded and Sold Holding after % Shareholding
Award Award and Sale after Award
732 584 50 000 732 584 1.14
Randgold Resources Enquiries:
Chief Executive Financial Director Investor & Media Relations
Dr Mark Bristow Roger Williams Kathy du Plessis
+44 779 775 2288 +44 791 709 8939 +27 11 728 4701
+223 675 0122 +223 675 0109 Fax : +27 11 728 2547
Cell : +27 83 266 5847
Email: randgoldresources@dpapr.com
Website: http://www.randgoldresources.com
This information is provided by RNS
The company news service from the London Stock Exchange