Jersey, Channel Islands (FSCwire) - RANDGOLD RESOURCES LIMITED CO-INVESTMENT PLAN

 

The Company announces that in respect of awards of 55 774 ordinary shares and 13 952 ordinary shares granted on 12 May 2015 (“CIP Awards”) to Mark Bristow and Graham Shuttleworth respectively, each a director of the Company, under the Randgold Resources Limited Co-Investment Plan (“CIP”), the vesting date of the CIP Awards was 1 January 2018, the performance period having expired on 31 December 2017.

 

The CIP Awards are subject to a performance condition which measures the Company's total shareholder return performance against the Euromoney Global Gold Index.  The performance condition was met in part.  Accordingly, the CIP Awards have partially vested, and on 16 March 2018, 32 349 ordinary shares were issued and allotted by the Company to Mark Bristow, and 8 092 ordinary shares were issued and allotted by the Company to Graham Shuttleworth, at their nominal value (US$0.05). 

 

The unvested portions of the CIP Awards have lapsed in accordance with the rules of the CIP.  The ordinary shares issued to Mark Bristow and Graham Shuttleworth are subject to a retention period of one year from the date of vesting, expiring on 1 January 2019. 

 

TheCIP, which has been approved by shareholders, is designed to reward sustained total shareholder return performance relative to global peers over a three year period and align the interests of the executives with the interests of shareholders.  Subject to approval by shareholders of the Company’s 2018 remuneration policy at its 2018 annual general meeting, the Company intends that no new grants of awards will be made under the CIP.

 

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/1971I_1-2018-3-19.pdf 

To view the original release, please click here

Source: Randgold Resources Limited (LSE:RRS, NASDAQ:GOLD, OTC Pink:RGORF, FWB:RGR1)

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