| Thu 1 Nov 2007, 12:23 | | LAF - Lonrho Plc - Lonrho update on Lonzim - Renai |
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LAF
LOLAF
LAF - Lonrho Plc - Lonrho update on Lonzim - Renaissance capital appointed as
placement agent
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 UPDATE ON LONZIM - RENAISSANCE CAPITAL APPOINTED AS PLACEMENT AGENT
Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has engaged Renaissance Capital
(www.rencap.com) as placement agent for the fund raising for LonZim, the
company`s proposed investment vehicle for Zimbabwe.
Emerging market and African specialists, Renaissance Capital, have in-depth
knowledge of the international investor appetite for Africa.
A new funding structure has been implemented and it is planned to raise in
excess of GBP 70 million for LonZim.
David Lenigas, Chairman of Lonrho stated :
`I am delighted that Renaissance Capital has agreed to act for the placement
of LonZim. Their knowledge of Africa and its unique opportunities, combined
with their worldwide presence are an ideal combination to ensure that LonZim
attracts the widest base of global investors possible.`
ENQUIRIES
Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive Officer +44 (0)7717 307 308
Emma Priestley, Executive Director +44 (0)7867 785 177
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 : NOMAD to Lonrho
Hugh Field +44 (0) 20 7523 8350
NOTES TO EDITORS
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)
Lonrho mining - www.lonrhomining.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 and Pieces
Celsys Limited - www.celsys.co.zw
1st November 2007
This announcement and the information contained herein is restricted and is
not for publication, release or distribution in whole or in part to US
persons or in or into the United States, Canada, Australia or Japan. This
announcement is an advertisement and not a prospectus.
This announcement is not an offer of securities for sale in the United States
or in any other jurisdiction. The shares of LonZim PLC (the "Company") have
not been and will not be registered under the US Securities Act of 1933, as
amended (the "Securities Act") and may not be offered or sold in the United
States unless registered under the Securities Act or pursuant to an exemption
from such registration. The Company has not been and will not be registered
under the US Investment Company Act of 1940, as amended. There will be no
public offering of the shares in the United States.
Investors may only subscribe for or purchase any shares referred to in this
announcement on the basis of information in the admission document (the
"Admission Document") to be published by the Company in due course in
connection with the initial public offering of ordinary shares (the "
Offering") and the admission of its ordinary shares (the "Shares") to trading
on the AIM market of the London Stock Exchange.
This announcement has been prepared by and is the sole responsibility of the
Company. This announcement is an advertisement and not a prospectus and is
not an offer to sell or a solicitation of any offer to buy any securities in
the United States or in any other jurisdiction.
Neither this document nor anything contained herein shall form the basis of,
or be relied upon in connection with, any offer or commitment whatsoever in
any jurisdiction. Any offer to acquire securities pursuant to the Offering
will be made, and any investor should make their investment, solely on the
basis of information that is contained in the Admission Document.
This announcement is based upon information which the Company considers
reliable, but no representation or warranty, express or implied, is given by
or on behalf of the Company, Lonrho Plc ("Lonhro") or Renaissance Capital
Limited ("Renaissance") or any of such persons` affiliates or their
respective members, directors, officers or employees or any other person that
it is accurate and complete and nor should it be relied upon as such. The
information in this announcement is subject to change and none of the
Company, Lonrho, or Renaissance have any obligation to update this document
or to correct inaccuracies or omissions which may become apparent.
All investments are subject to risk. The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results. An
investment in the Company is speculative and involves a substantial degree of
risk, including the risk of total loss. Prospective investors are advised to
seek expert legal, financial, tax and other professional advice before making
any investment decision.
Factual statements, statistical data, information regarding actual and
proposed issues contained in this document, views expressed, and projections,
forecasts or statements relating to various matters referred to in this
document do not necessarily represent the Company`s, Lonrho`s or
Renaissance`s own assessment or interpretation of information. Prospective
investors should not treat the contents of this document as advice relating
to legal, taxation or investment matters, and are to make their own
assessments concerning these and other consequences of any investment,
including the merits of investing and the risks.
Renaissance is authorised under is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for the Company and no-
one else in connection with the Offering and will not be responsible to
anyone other than the Company for providing the protections afforded to its
clients or for providing advice in relation to the Offering, this document or
any other matter.
This press release does not constitute, and may not be used for the purposes
of, an offer or an invitation to subscribe for Shares by any person in any
jurisdiction in which (i) such offer or invitation is not authorized; or (ii)
in which the person making such offer or invitation is not qualified to do
so; or (iii) to any person to whom it is unlawful to make such offer or
invitation.
Notice to prospective investors in the UK
This announcement is directed only at persons in the United Kingdom who are:
(i) persons having professional experience in matters relating to investments
who fall within the definition of "investment professionals" in Article 19
(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2001; or (ii) high net worth bodies, corporate, unincorporated
associations and partnerships and trustees of high value trusts as described
in Article 49 (2) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001. Persons within the United Kingdom who receive this
announcement (other than persons falling within (i) and (ii) above) should
not rely on or act upon this communication.
Forward Looking Statements
Certain statements contained in this document, including those relating to
the Offering may be forward-looking statements. By their nature, forward-
looking statements involve a number of risks, uncertainties and assumptions
that could cause actual results or events to differ materially from those
expressed or implied by the forward-looking statements. These risks,
uncertainties and assumptions could adversely affect the outcome and
financial effects of the plans and events described herein.
None of Renaissance, Lonrho or the Company undertake any obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. A prospective investor should not
place undue reliance on forward-looking statements, which speak only as of
the date of this document.
1 November 2007
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 01/11/2007 12:23:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
