Randgold Resources Ld Grant of awards to directors (3054O)

TIDMRRS

RNS Number : 3054O

Randgold Resources Ld

16 May 2018

RANDGOLD RESOURCES LIMITED

Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

NASDAQ Trading Symbol: GOLD

("Randgold Resources" or the "Company")

Jersey, Channel Islands, 16 May 2018

GRANT OF AWARDS TO MARK BRISTOW AND GRAHAM SHUTTLEWORTH UNDER THE RANDGOLD RESOURCES LIMITED LONG TERM INCENTIVE PLAN

On 15 May 2018, an award over 78 395 ordinary shares was granted to Mark Bristow, a director of the Company, and an award over 18 989 ordinary shares was granted to Graham Shuttleworth, a director of the Company (together, the Awards), under the Randgold Resources Limited Long Term Incentive Plan (the LTIP).

The Awards vest, in accordance with the rules of the LTIP, subject to the achievement of operational and financial performance targets over a three year performance period ending on 31 December 2020. The performance targets were chosen because they are among the Company's key performance indicators, and as key factors driving shareholder value. Following the vesting of the Awards, a two year holding requirement applies to 100 per cent. of the vested shares.

The LTIP, which was approved by shareholders at the Company's annual general meeting on 8 May 2018, is designed to reward sustainable long term performance subject to the achievement of agreed operational and financial targets.

Randgold Resources Enquiries:

 
 Chief Executive   Financial Director     Investor & Media 
  Mark Bristow      Graham Shuttleworth    Relations 
  [phone]       [phone]           Kathy du Plessis 
  1386              333                    [phone] 
  [phone]       [phone]        Email: [e-mail] 
  2288 
 

Website: www.randgoldresources.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
 1.                 Details of the person discharging managerial 
                     responsibilities/ person closely associated 
----  ------------------------------------------------------------------------ 
 a)    Name                              Mark Bristow 
----  --------------------------------  -------------------------------------- 
 2.    Reason for the notification 
----  ------------------------------------------------------------------------ 
 a)    Position/status                   Chief Executive Officer 
----  --------------------------------  -------------------------------------- 
 b)    Initial notification/             Initial notification 
        Amendment 
----  --------------------------------  -------------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------ 
 a)    Name                              Randgold Resources Limited 
----  --------------------------------  -------------------------------------- 
 b)    LEI                               2138002TSG2FEQZOYH72 
----  --------------------------------  -------------------------------------- 
 4.    Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; (iv) each place where transactions have 
        been conducted 
----  ------------------------------------------------------------------------ 
 a)    Description                     Ordinary share of US$0.05 in Randgold 
        of the financial                Resources Limited 
        instrument,                     ISIN Code: GB00B01C3S32 
        type of instrument 
        Identification 
        code 
----  ------------------------------  ---------------------------------------- 
 b)    Nature of                       Award of shares pursuant to the 
        the transaction                 Long Term Incentive Plan (the 
                                        Company's employee share scheme) 
----  ------------------------------  ---------------------------------------- 
  c)   Price(s) and                     Price(s)    Volume(s) 
        volume(s)                       ----------  ---------- 
                                         Nil         78 395 
                                        ----------  ---------- 
----  ------------------------------  ---------------------------------------- 
 d)         Aggregated                 N/A 
             information 
              *    Aggregated volume 
 
 
              *    Price 
----  ------------------------------  ---------------------------------------- 
 e)    Date of the                     15 May 2018 
        transaction 
----  ------------------------------  ---------------------------------------- 
 f)    Place of the                    Outside a trading venue 
        transaction 
----  ------------------------------  ---------------------------------------- 
 
 
 
  1.                 Details of the person discharging managerial 
                      responsibilities/ person closely associated 
-----  ------------------------------------------------------------------------ 
  a)    Name                              Graham Shuttleworth 
-----  --------------------------------  -------------------------------------- 
  2.    Reason for the notification 
-----  ------------------------------------------------------------------------ 
  a)    Position/status                   Chief Financial Officer 
-----  --------------------------------  -------------------------------------- 
  b)    Initial notification/             Initial notification 
         Amendment 
-----  --------------------------------  -------------------------------------- 
  3.    Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
-----  ------------------------------------------------------------------------ 
  a)    Name                              Randgold Resources Limited 
-----  --------------------------------  -------------------------------------- 
  b)    LEI                               2138002TSG2FEQZOYH72 
-----  --------------------------------  -------------------------------------- 
  4.    Details of the transaction(s): section to 
         be repeated for (i) each type of instrument; 
         (ii) each type of transaction; (iii) each 
         date; (iv) each place where transactions have 
         been conducted 
-----  ------------------------------------------------------------------------ 
  a)    Description                     Ordinary share of US$0.05 in Randgold 
         of the financial                Resources Limited 
         instrument, 
         type of instrument 
 
         Identification                  ISIN Code: GB00B01C3S32 
         code 
-----  ------------------------------  ---------------------------------------- 
  b)    Nature of                       Award of shares pursuant to the 
         the transaction                 Long Term Incentive Plan (the 
                                         Company's employee share scheme) 
-----  ------------------------------  ---------------------------------------- 
        Price(s) and                     Price(s)    Volume(s) 
   c)    volume(s)                       ----------  ---------- 
                                          Nil         18 989 
                                         ----------  ---------- 
-----  ------------------------------  ---------------------------------------- 
  d)         Aggregated                 N/A 
              information 
               *    Aggregated volume 
 
 
               *    Price 
-----  ------------------------------  ---------------------------------------- 
  e)    Date of the                     15 May 2018 
         transaction 
-----  ------------------------------  ---------------------------------------- 
  f)    Place of the                    Outside a trading venue 
         transaction 
-----  ------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 16, 2018 08:06 ET (12:06 GMT)