SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2003
ASHANTI GOLDFIELDS COMPANY LIMITED
(Translation of Registrant's Name Into English)
Gold House, Patrice Lumumba Road
Roman Ridge, P.O. Box 2665
Accra, Ghana
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
--- ---
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
--- ---
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_____.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: November 26, 2003 ASHANTI GOLDFIELDS COMPANY LIMITED
By: /s/ Ernest Abankroh
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Name: Ernest Abankroh
Title: Company Secretary
[ASHANTI GOLDFIELDS COMPANY LIMITED LOGO]
P R E S S R E L E A S E
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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 |
|------------------------------|---------------|------------------|
- END -
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