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LAF
LOLAF
LAF - Lonrho Plc - Grant of share options
Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or "the Company")
GRANT OF SHARE OPTIONS
The Board of Lonrho Plc (the "Company") announces today the grant by the
Company on 20 July 2007 of options over, in aggregate, 5,195,000 ordinary
shares of 1p each in the share capital of the Company ("Shares") to
directors, employees and consultants as follows:
David Lenigas (Executive Chairman and Chief Executive 1,615,000
Officer)
Emma Priestley (Executive Director) 1,065,000
Jean Ellis (Finance Director) 350,000
Martin Horgan (Non-Executive Director) 200,000
Donald Strang (Non-Executive Director) 200,000
Senior Employees and Consultants other than Board members 1,765,000
TOTAL 5,195,000
The grant of the options was made under the Company`s Unapproved Share
Option Plan other than those to the non-executive directors and a
consultant (whose options were granted under stand-alone option agreements
on similar terms to those under the Unapproved Company Share Option Plan).
The exercise price will be 44 pence per share, exercisable until 20 July
2012.
A further 1,500,000 Shares are to be allotted to a consultant by way of
bonus award, the Company paying the subscription price of the shares.
For further information, please contact:
Lonrho Plc +44 (0) 20 7016 5105
David Lenigas, Chief Executive +44 (0)7881 825 378
Emma Priestley, Executive Director +44 (0)7867 785 177
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297 903
Alisdair Haythornthwaite +44 (0) 20 7743 6676
+44 (0) 771 472 1379
Collins Stewart Europe
Hugh Field and Ellen Francis +44 (0) 20 7523 8000
23 July 2007
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 24/07/2007 08:25:01 Produced by the JSE SENS Department.
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