SOURCE: Randgold Resources

February 23, 2010 09:25 ET

Randgold Resources Limited Restricted Stock Award: Non Executive Directors

LONDON--(Marketwire - February 23, 2010) - Randgold Resources Limited (LSE: RRS) announces that in terms of the Company's remuneration for non-executive directors approved by shareholders at the Annual General Meeting on 5 May 2009, an award of 1 200 restricted shares is made each year to each non-executive director. The price of the 2010 restricted stock calculation was the Nasdaq Global Select Market closing price on 4 January 2010, being US$82.25.

In terms of the 2008 award, the third and final tranche of 262 shares have been issued to the beneficial account of each non-executive director.

In terms of the 2009 award the second tranche of 400 shares have been issued to the beneficial account of each non-executive director. A further 400 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the third tranche of the 2009 award, subject to agreed conditions, on 1 January 2011.

In terms of the 2010 award the first tranche of 400 shares have been issued to the beneficial account of each non-executive director. A further 800 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the second and third tranches of the 2010 award, subject to agreed conditions, on 1 January 2011 and 1 January 2012 respectively.

The change in non executive directors' holdings in the company is as follows:

                                                                          %
                                                                     share-
                                                        Current     holding
                     Shares      Shares      Shares     holding   of issued
                    awarded     awarded     awarded       after       share
Director               2008        2009        2010       award     capital
----------       ----------  ----------  ----------  ----------  ----------
N P Cole                262         400         400       3 372        0.00
C L Coleman               -         400         400       2 600        0.00
R I Israel              262         400         400      41 263        0.05
P Liétard               262         400         400      32 827        0.04
K Voltaire              262         400         400       3 372        0.00
J Walden                  -         400         400       1 200        0.00

Contact Information

  • Randgold Resources Enquiries:
    Chief Executive
    Dr Mark Bristow
    +44 788 071 1386
    +44 779 775 2288

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

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

    Website: www.randgoldresources.com