SOURCE: Randgold Resources

March 19, 2010 13:13 ET

Randgold Restricted Stock Award and Sale of Shares: D M Bristow

LONDON--(Marketwire - March 19, 2010) -  Randgold Resources Limited (NASDAQ: GOLD) (LSE: RRS) announced on 27 March 2009 that two awards of 40 000 restricted shares were granted to the chief executive, Dr D M Bristow. In terms of the first award two thirds of the award would vest on 1 January 2010 and in the second award one third would vest on 1 January 2010. The stock has now vested and the shares have been issued to Dr D M Bristow. The price of the restricted stock calculation was the Nasdaq Global Select Market closing price on 2 January 2009, being US$43.26.

In terms of the evaluation by the Company's Remuneration Committee, Dr Bristow achieved the agreed performance criteria and accordingly the 26 667 and 13 333, totaling 40 000 restricted shares have been issued directly to him.

Dr Bristow elected to sell 20 000 shares which were sold on 19 March 2010 at US$74.35, but his total holding has increased by 20 000 shares, remaining the single largest individual shareholding in the Company, and is now as follows:

Holding prior to
award
Restricted shares awarded and issued Shares sold Holding after
award and sale
% Shareholding
after award
677 584 40 000 20 000 697 584 0.77

Contact Information

  • Randgold Resources Enquiries:

    Chief Executive
    Dr Mark Bristow
    +44 788 071 1386
    +44 779 775 2288
    Website : www.randgoldresources.com

    Financial Director
    Graham Shuttleworth
    +44 779 614 4438

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

    RANDGOLD RESOURCES LIMITED
    Incorporated in Jersey, Channel Islands
    Reg. No. 62686
    LSE Trading Symbol: RRS
    Nasdaq Trading Symbol: GOLD
    ("Randgold Resources" or the "Company")