Recommended All-Share Merger of Barrick Gold Corporation and Randgold Resources Limited
Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction
Jersey, Channel Islands (FSCwire) - The Boards of Barrick
Gold Corporation (“Barrick”) and Randgold Resources Limited (“Randgold”) are pleased to announce that they have reached agreement
on the terms of a recommended share-for-share merger of Barrick and Randgold (the “Merger”) to create an industry-leading gold
company. It is intended that the Merger will be implemented by means of a court-sanctioned scheme of arrangement of
Randgold and the Randgold Shareholders under Article 125 of the Companies (Jersey) Law 1991, with the entire issued and to be
issued share capital of Randgold being acquired by Barrick.
Under the terms of the Merger, each Randgold Shareholder will receive:
6.1280 New Barrick Shares for each Randgold Share
This exchange ratio (the “Exchange Ratio”) has been agreed based on the volume-weighted average
prices of Barrick Shares traded on NYSE, and Randgold ADSs traded on NASDAQ, respectively, over the 20 trading days ended on 21
September 2018 (being the last business day before this announcement).
Following completion of the Merger, Barrick Shareholders will own approximately 66.6 per
cent. and Randgold Shareholders will own approximately 33.4 per cent. of the New Barrick Group on a fully-diluted
basis.
Click on, or paste the following link into your web browser, to view the associated PDF
document.
http://www.rns-pdf.londonstockexchange.com/rns/6665B_1-2018-9-24.pdf
Enquiries
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Barrick
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Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com
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Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com
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Carole Cable
Partner
Brunswick Group LLP
Tel +44 (0)20 7404 5959
Direct +44 (0)20 7396 7458
Mob +44 (0)7974 982 458
ccable@brunswickgroup.com
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M. Klein and Co. (financial adviser to
Barrick)
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David Friedman
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+1-212-380-7500
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Peter Seibold
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Cyrus Hiramanek
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Morgan Stanley (financial adviser to Barrick)
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Colm Donlon
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+44 207 425 8000
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Richard Tory
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+1 416 943 8400
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Jan Lennertz
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+1 212 761 4000
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Randgold
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Chief Executive Officer
Mark Bristow
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Finance Director and Chief Financial Officer
Graham Shuttleworth
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Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
randgold@dpapr.com
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CIBC (financial adviser to Randgold)
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Neil Johnson
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+44 20 7234 6000
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Oliver Ward
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Barclays (financial adviser and corporate broker to Randgold)
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Paul Knight
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+1 (416) 863 8900
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Nishant Amin
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+44 (0) 20 7623 2323
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the
Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the
use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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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