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BRIEF-Barrick Gold To Merge With Randgold Resources

Published 2018-09-24, 02:17 a/m
© Reuters.  BRIEF-Barrick Gold To Merge With Randgold Resources
GOLD
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Sept 24 (Reuters) - Barrick Gold Corp ABX.TO :

* BARRICK GOLD CORP RANDGOLD RESOURCES - RECOMMENDED MERGER OF BARRICK AND RANDGOLD

* SAYS UNDER TERMS OF MERGER, EACH RANDGOLD SHAREHOLDER WILL RECEIVE: 6.1280 NEW BARRICK SHARES FOR EACH RANDGOLD SHARE

* SAYS AFTER DEAL COMPLETION, RANDGOLD SHAREHOLDERS TO BE ENTITLED TO GET & RETAIN ANY BARRICK DIVIDENDS WITH RECORD DATE AFTER EFFECTIVE DATE

* SAYS NEW BARRICK GROUP INTENDS TO GROW ITS DIVIDEND FROM BARRICK LEVEL FOR FINANCIAL YEAR ENDED 31 DECEMBER 2018 OVER TIME

* SAYS MARK BRISTOW, CHIEF EXECUTIVE OFFICER OF RANDGOLD, WILL BECOME PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW BARRICK GROUP.

* SAYS JOHN L. THORNTON, EXECUTIVE CHAIRMAN OF BARRICK, WILL BECOME EXECUTIVE CHAIRMAN OF NEW BARRICK GROUP

* SAYS TWO-THIRDS DIRECTORS OF NEW BARRICK GROUP TO BE INITIALLY APPOINTED BY BARRICK AND ONE-THIRD TO BE INITIALLY APPOINTED BY RANDGOLD

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