Barrick Executive Chairman Increases Shareholding in Company to Five Million Shares
BARRICK GOLD CORPORATION PRESS RELEASE
PRESS RELEASE —October 1, 2018
All amounts expressed in U.S. dollars unless otherwise indicated
Barrick Executive Chairman Increases Shareholding in
Company to Five Million Shares
TORONTO – Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick” or the “Company”) today
announced that Executive Chairman John L. Thornton has purchased 2,271,029 additional common
shares in the Company at an average price of $11.11 per share, nearly doubling his total shareholding
in Barrick to 5,000,000 shares.1
Based on the exchange ratio of 6.128 Barrick shares for each share of Randgold Resources Limited
(“Randgold”) 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 shares following
the completion of the merger, after which Mr. Bristow will become Barrick’s President and Chief
Executive Officer.
Ownership is a core element of Barrick’s partnership culture. Under the Global Barrick Share Plan
launched in 2016, all Barrick 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
also matches share purchases by those who work at the Company, up to $4,000 per year.
INVESTOR CONTACT MEDIA CONTACT
Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: [email protected]
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: [email protected]
1 Mr. Thornton owns 3,985,219 Common Shares directly and 59,970 Common Shares indirectly through a Rollover IRA and 500,000 Common
Shares indirectly through a Grantor Retained Annuity Trust. Mr. Thornton also exercises control or direction over 240,600 Common Shares held
in the names of his wife and children. In addition, 214,211 Common Shares are held in family trusts for the benefit of Mr. Th ornton’s children
and for which his wife is the trustee. Mr. Thornton does not have beneficial interest in or control over these Common Shares held in trust.
BARRICK GOLD CORPORATION PRESS RELEASE
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release constitutes “forward -looking statements”. All
statements, other than statements of historical fact, are forward -looking statements. In particular,
this press release contains forward -looking statements wi th respect to (i) completion of the
recommended all-share merger between Barrick and Randgold, (ii) the number of Barrick shares into
which Mark Bristow’s Randgold ordinary shares are expected to convert following completion of the
merger, (iii) Mark Brist ow becoming Barrick ’s President and Chief Executive Officer following the
merger and (iv) issuances of common shares under the Global Barrick Share Plan.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Barrick in light of management’s experience and perception of
current conditions and expected developments, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Known and unknown factors could cause
actual results to differ materially from those projected in the forward-looking statements and undue
reliance should not be placed on such statements and information.
Barrick disclaims any intention or obligation to update or revis e any forward -looking statements
whether as a result of new information, future events or otherwise, except as required by applicable
law.