JERSEY, Channel Islands, United Kingdom, March 3, 2003 (PRIMEZONE) -- Randgold Resources Limited (Nasdaq:GOLD) (LSE:RRS) today announces that, effective Monday 10 March, 2003 (the 'effective date'), it will change the current ratio on its ADRs from one (1) ADR equals two (2) Ordinary Shares to one (1) ADR representing one (1) Ordinary Share. The main purpose of the ratio change is to create further liquidity and enhance marketability of the ADRs without diluting current holders.
Randgold Resources Limited ADR Ratio Change Current Ratio: 1 ADR : 2 Ordinary Shares New Ratio: 1 ADR : 1 Ordinary Share Effective Date: 10 March 2003 Record Date: 7 March 2003
As a result of the ratio change, ADR holders of record on Friday 7 March, 2003 will automatically receive, on the effective date, one (1) additional ADR for every one (1) ADR held. Existing ADRs will continue to be valid and will not have to be exchanged. This ratio change will not affect holders of the company's ordinary shares.
This information is provided by RNS. The company news service from the London Stock Exchange.