SOURCE: Randgold Resources

February 23, 2011 02:03 ET

Randgold Resources -- Restricted Stock Award: Non Executive Directors

JERSEY, CHANNEL ISLANDS--(Marketwire - February 23, 2011) - Randgold Resources (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")

London, United Kingdom, 23 February 2011 -- Randgold Resources Limited announces that in terms of the company's remuneration for non-executive directors approved by shareholders at the Annual General Meeting on 4 May 2010, an award of 1 200 restricted shares is made each year to each non-executive director. The price of the 2011 restricted stock calculation was the Nasdaq Global Select Market closing price on 3 January 2011, being US$81.60.

In terms of the 2009 award the third and final tranche of 400 shares has been issued to the beneficial account of each non-executive director.

In terms of the 2010 award the second tranche of 400 shares has 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 2010 award, subject to agreed conditions, on 1 January 2012.

In terms of the 2011 award the first tranche of 400 shares has 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 2011 award, subject to agreed conditions, on
 1 January 2012 and 1 January 2013 respectively.

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

Director   Shares awarded 2009   Shares awarded 2010   Shares awarded 2011   Current holding after award   % shareholding of issued share capital
N P Cole
C L Coleman
K Dagdelen
R I Israel
P Liétard
K Voltaire
  400
400
-
400
400
400
  400
400
-
400
400
400
  400
400
400
400
400
400
  4 572
3 800
400
39 463
34 027
4 572
  0.01
0.00
0.00
0.04
0.04
0.01

Contact Information

  • Randgold Resources Enquiries:

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

    Financial Director
    Graham Shuttleworth
    +44 1534 735 333
    +44 779 771 1338

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

    Website: www.randgoldresources.com