Mr. John Thornton reports
BARRICK EXECUTIVE CHAIRMAN INCREASES SHAREHOLDING IN COMPANY TO FIVE MILLION SHARES
Barrick Gold Corp.'s John Thornton, executive chairman, has purchased 2,271,029 additional common shares of the company at an average price of $11.11 per share, nearly doubling his total shareholding in Barrick Gold to five million shares. Unless otherwise indicated, all amounts expressed in U.S. dollars.
Based on the exchange ratio of 6.128 Barrick Gold shares for each share of Randgold Resources Ltd. under the recommended all-share merger between the two companies, the Randgold ordinary shares held by Mark Bristow are expected to convert into 5,141,600 Barrick Gold shares following the completion of the merger. After which, Mr. Bristow will become Barrick Gold's president and chief executive officer.
Ownership is a core element of Barrick Gold's partnership culture. Under the Global Barrick Share Plan launched in 2016, all Barrick Gold people receive common shares on an annual basis, tied to company performance. These shares must be held until an individual retires or leaves the company. Barrick Gold also matches share purchases by those who work at the company for up to $4,000 per year.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.