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:
Website: www.randgoldresources.com