Exhibit 99.1
RANDGOLD & EXPLORATION COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG (suspended) | ISIN: ZAE000008819 |
Nasdaq trading symbol: RANGY
(“Randgold”)
Directorate changes on the board of Randgold
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited (“the JSE”), Randgold advises that, with effect from close of business on 24 August 2005, the following changes took place:
Resignations
Mr R A R Kebble (in his capacity as Non-Executive Chairman),
Mr R B Kebble (in his capacity as the Chief Executive Officer), and
Mr L R Ncwana (in his capacity as a Non-Executive Director) have resigned.
Mr H C Buitendag (in his capacity as Financial Director) has retired, with effect from the same date.
Appointments
The following directors have been appointed to the Randgold board with effect from the same date:
Mr P H Gray (Chief Executive Officer); and
Mr J C Lamprecht (Financial Director).
Proposed new appointments
Mr D M Nurek | Independent Non-Executive Chairman | |
Mr S E Abrahams | Independent Non-Executive Director |
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Mr D E Jowell | Independent Non-Executive Director |
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The abovementioned proposed appointments will be advised in due course.
An additional non-executive director will also be appointed in due course.
The Randgold board as currently constituted is as follows:
Peter Henry Gray | Chief Executive Officer |
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John Chris Lamprecht | Financial Director |
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Matsehoa Brenda Madumise | Independent Non-Executive Director | |||
Andrew Christoffel Nissen | Independent Non-Executive Director | |||
Listing of Randgold
It is anticipated that Randgold’s audited annual report will be posted to shareholders on or about 15 September 2005, at which time Randgold will apply to the JSE for the suspension of its shares on the JSE to be lifted.
30 August 2005
Johannesburg
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited