Director Shareholding
November 26 2003 - 10:44AM
UK Regulatory
RNS Number:5352S
Ashanti Goldfields Company Ld
26 November 2003
PRESS RELEASE
FOR IMMEDIATE RELEASE 26 november 2003
DIRECTORS' INTERESTS
1. Disposal of shares
On 25 November 2003, Mr. Trevor Schultz, an executive director of Ashanti,
informed the Company that on 12 November 2003 he disposed of 8,032 ordinary
shares held in the Company at a price of US$11.00 resulting in his beneficial
interest in the Company immediately following such disposal being 23,213 Ashanti
ordinary shares.
2. Release of shares from trust
On 25 November 2003, Ashanti's wholly-owned subsidiary, Ashanti Goldfields Share
Incentive Trustee Limited, a trust company established in connection with
Ashanti's employees' incentive plans, released from trust 54,742 Ashanti
ordinary shares to five executive directors and certain other key management
staff under the Ashanti Performance Share Plan (the "Plan").
Under the Plan, executive directors and other key management staff were
originally awarded 82,000 shares (of which 18,000 shares were awarded to
executive directors) on 4 July 2000. The terms of the Plan provide that the
shares are held in trust for a period of three years for release to participants
upon the achievement of set targets and on condition that participants remain
with Ashanti throughout the three-year period.
At the end of the three-year period certain participants had earned a total of
54,742 Ashanti ordinary shares, of which an aggregate of 13,500 shares had been
earned by executive directors. The shares released from trust to executive
directors and their respective beneficial holdings in Ashanti ordinary shares
following receipt of such shares are as follows:
Name of Director Earned Shares Total Beneficial Interest
Sam Esson
Jonah 4,500 64,190
Trevor Stanley
Schultz 2,250 25,463
Srinivasan
Venkatakrishnan 2,250 2,250
Eleanor Darkwa
Ofori Atta 2,250 2,803
Merene
Botsio-Phillips 2,250 2,350
Total 13,500 97,056
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Enquiries
Ashanti Goldfields Company Limited
Ernest Abankroh, Company Secretary Tel: +(233) 21 774977
Kwaku Akosah-Bempah, AG. MD - Public Affairs Tel: +(233) 21 778173
Corinne Gaisie Tel: +44 20 7256 9938
The Global Consulting Group
North American Contact
Allan Jordan Tel: +1 646 284 9452
This information is provided by RNS
The company news service from the London Stock Exchange
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