London, United Kingdom, 10 December, 2007 (LSE: RRS) (Nasdaq: GOLD) - Randgold Resources announced today that, further to the announcement made on November 29, 2007 in relation to the global offering of 6,000,000 new ordinary shares (the "Global Offer") in the form of ordinary shares or American Depositary Shares (the "New Shares"), the underwriters of the Global Offer have exercised part of the over-allotment option granted to them.
The Company will issue an additional 821,000 new ordinary shares in the form of ordinary shares or American Depositary Shares (the "Option Shares") at US$35.25 per ordinary share and US$35.25 per American Depositary Share ("ADS"). Each ADS represents one ordinary share of the Company.
The total gross proceeds from the Global Offer, including the over-allotment option, are approximately US$240.4 million.
HSBC Bank plc is acting as the financial advisor, sole global coordinator, joint bookrunner and underwriter in connection with the Global Offer. Citigroup Global Markets Limited is acting as the joint bookrunner and underwriter for the Global Offer.
The New Shares and Option Shares are being offered in the United States pursuant to an effective registration statement filed with the Securities and Exchange Commission and in other jurisdictions where such offer would be lawful. Copies of the prospectus relating to this offering may be obtained from HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018.
This press release shall not constitute an offer to sell, or a solicitation of any offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
DISCLAIMER:Statements made in this document with respect to Randgold Resources' current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila and Loulo, the development of Loulo and estimates of resources, reserves and mine life. For a discussion on such risk factors refer to the annual report on Form 20-F for the year ended 31 December 2006 which was filed with the United States Securities and Exchange Commission (the 'SEC') on 25 June 2007. Randgold Resources sees no obligation to update information in this release. Cautionary note to US investors; the 'SEC' permits companies, in their filings with the 'SEC', to disclose only proven and probable ore reserves. We use certain terms in this release, such as "resources", that the 'SEC' does not recognise and strictly prohibits us from including in our filings with the 'SEC'. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.