LON
LOLMI
LOLMI - Lonmin Plc - Director`s Shareholding
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN: GB0031192486
("Lonmin")
Notification of director`s shareholding pursuant to Disclosure and
Transparency Rule 3.1.4
Lonmin announces that pursuant to a three year Co-Investment Plan entered
into under the Shareholder Value Incentive Plan ("SVIP") with Mr Brad Mills
dated 19 May 2004, 124,362 ordinary shares in Lonmin were issued to Mr
Mills on 21 May 2007, for which Mr Mills had previously provided
subscription monies of GBP1,205,994. Of these shares, 51,117 shares were
immediately sold at a price of 3957p per share to cover Mr Mills` liability
for income tax and national insurance contributions. The remaining 73,245
shares have been retained by Mr Mills.
The performance condition relating to the corresponding matched award
granted under the 2004 Co-Investment Plan of 104,869 shares was satisfied
to the extent of 95,505 shares (the "Matched Award").
Mr Mills has elected to defer the vesting of this Matched Award, which he
is treated as having invested for the purposes of the SVIP and as approved
by shareholders at the 2007 AGM, a further conditional award was granted to
Mr Mills on 21 May 2007 over a maximum of 126,360 shares (the "New Award").
A summary of the performance condition was included in the Notice of
Meeting for the 2007 AGM and can be accessed on the Lonmin website
(www.lonmin.com).
The Company was notified on 22 May 2007 by Mr Mills of the above interests,
such notification having been made under Rule 3.1.2 of the Disclosure and
Transparency Rules.
END
23 MAY 2007
Date: 23/05/2007 12:20:05 Produced by the JSE SENS Department.
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