| Thu 4 Oct 2007, 8:11 | | LAF - Lonrho Plc - Lonrho completes GBP16.97 milli |
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LAF
LOLAF
LAF - Lonrho Plc - Lonrho completes GBP16.97 million placing
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")
LONRHO COMPLETES GBP16.97 MILLION PLACING
Placing of Ordinary Shares
The Board of Lonrho is pleased to announce that the Company has raised GBP16.97
million gross (GBP16.60 million net of expenses) by way of a placing of
44,657,736 new ordinary shares of 1 pence each in the share capital of the
Company (`Placing Shares`) at 38 pence per Placing Share with certain
institutions and other investors (`Placing`).
The Placing Shares will represent approximately 13.88 per cent of the Company`s
enlarged issued share capital and application will be made for the admission of
the Placing Shares to trading on AIM. It is expected that dealings in the
Placing Shares will commence at 8.00 a.m. on Friday 5 October 2007. The total
number of shares in issue following completion of the Placing will be
321,836,207.
The Placing will enable the Company to continue to provide the necessary funds
for its growing investments in Africa, in particular the further 110m quay
extension at Luba Freeport in Equatorial Guinea and the planned expansion in the
operations of SA Independent Liner Services, Fly540 and Bytes & Pieces. It will
also enable the Company to fund further investment opportunities that are in
line with its strategy.
For further information, please contact:
Lonrho Plc +44 (0) 20 7016 5105
David Lenigas, Chief +44 (0)7881 825 378
Executive
Emma Priestley, Executive +44 (0)7867 785 177
Director
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297903
Alisdair Haythornthwaite +44 (0) 20 7743 6676
+44 (0) 7714 721379
Collins Stewart Europe
Hugh Field +44 (0) 20 7523 8350
Jonny Sloan
Notes to Editors:
About Lonrho
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company is listed on the London AIM stock
exchange (LONR). Lonrho is strategically focused on the development of business
opportunities in infrastructure, transportation, support services and natural
resources. The Company has over 20,000 shareholders and substantial
institutional backing to support its mandate to build a profitable business that
plays a fundamental role in the development of the African economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Nare Diamonds - www.narediamonds.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Norse Air - www.norseair.co.za
Swissta Holdings - www.swissta.com
SA Independent Liner Services
Bytes & Pieces
28 September 2007
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 04/10/2007 08:11:20 Produced by the JSE SENS Department.
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