| Mon 19 Nov 2007, 12:18 | | LAF - Lonrho Plc - Lonzim issues a pathfinder admi |
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LAF
LOLAF
LAF - Lonrho Plc - Lonzim issues a pathfinder admission document in
connection with its forthcoming listing by way of placing on the alternative
investment market (aim) of the London Stock Exchange
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")
LONZIM ISSUES A PATHFINDER ADMISSION DOCUMENT IN CONNECTION WITH ITS
FORTHCOMING LISTING BY WAY OF PLACING ON THE ALTERNATIVE INVESTMENT MARKET
(AIM) OF THE LONDON STOCK EXCHANGE
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not for publication, release or distribution in whole or in part to US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, the Republic of
South Africa, the Republic of Ireland 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.
LonZim Plc ("LonZim" or the "Company"), which has been established for the
principal purpose of making investments in Zimbabwe, today announced its
publication of a pathfinder admission document in connection with its
forthcoming placing of ordinary shares (the "Shares") at 100p per share and
admission to trading on AIM (the "Offer").
The Company launched its roadshow and bookbuilding process today and after
the conclusion of this process, the Company will seek admission to AIM and
the beginning of trading.
While the Company will not have a particular sectoral focus, utilising the
investment skills of the Directors and their advisors, the Company will seek
to identify individual companies in sectors best positioned to benefit should
there be improvements in Zimbabwe`s economy. The Company may make investments
in the tourism, accommodation, infrastructure, transport, commercial and
residential property, technology, communications, manufacturing, retail,
services, leisure, agricultural and natural resources sectors.
Lonrho PLC (AIM: LONR), the AIM traded conglomerate with a structured
portfolio of businesses throughout Africa, has been appointed by the Company
to provide management support services on the terms of a management services
agreement.
Lonrho, on behalf of itself and any of its subsidiaries or companies in which
Lonrho has majority control of the board, has agreed not to make investments
in Zimbabwe or an area of Mozambique known as the Beira Corridor, during the
period of the Management Services Agreement. Lonrho has agreed to provide
services to the Company which will include but are not limited to: (i)
sourcing investment opportunities in the ordinary course of Lonrho`s
business; (ii) providing management, accounting, human resources, financial,
marketing, technical and other support services; and (iii) providing the
board of directors of the Company (the "Board") with access to specialist
advice on Zimbabwe and Africa. All investment decisions will be taken by the
board of directors of the Company.
Renaissance Capital Limited has been appointed as sole bookrunner and broker
for the Offer. Collins Stewart Europe Limited has been appointed nominated
adviser and broker to the Company.
David Lenigas, Chairman of Lonrho stated:
`I am delighted that today we can launch the start of the bookbuilding period
for LonZim. We see significant opportunities in Zimbabwe and the Directors
believe that LonZim will be well positioned to benefit from improvement in
the economy over the long-term. Listing on AIM provides an excellent
opportunity for the Company to become a trusted and reliable vehicle in
Zimbabwe. We believe that the Directors reputation and track record in Africa
will provide long-term and reliable returns for our future shareholders.`
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
Renaissance Capital : Sole Bookrunner
Hasnen Varawalla +7 (495) 258 7965
Simon Matthews +44 (0) 20 7367 7958
Collins Stewart Europe : NOMAD to
Lonrho
Hugh Field +44 (0) 20 7523 8350
NOTES TO EDITORS
About LONRHO:
Lonrho Plc ("Lonrho") is an expanding conglomerate that is rapidly growing a
successful business throughout Africa. Lonrho 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. Lonrho 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, Lonrho 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
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.
19 November 2007
South African sponsor to Lonrho Plc
Java Capital (Proprietary) Limited
Date: 19/11/2007 12:18:17 Produced by the JSE SENS Department.
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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.
