Randgold Resources -- Restricted Stock Award: Non Executive Directors
JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 02/23/11 -- 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:
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Shares Shares Shares Current % shareholding
awarded awarded awarded holding of issued
Director 2009 2010 2011 after award share capital
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N P Cole 400 400 400 4 572 0.01
C L Coleman 400 400 400 3 800 0.00
K Dagdelen - - 400 400 0.00
R I Israel 400 400 400 39 463 0.04
P Liétard 400 400 400 34 027 0.04
K Voltaire 400 400 400 4 572 0.01
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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
