| Tue 15 Jul 2008, 9:39 | | LAF - Lonrho Plc - Placing of Ordinary Shares |
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LAF
LOLAF
LAF - Lonrho Plc - Placing of Ordinary Shares
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 GBP11.11 million Placing
Placing of Ordinary Shares
15th July 2008
The Board of Lonrho is pleased to announce that the Company is raising GBP11.11
million gross (GBP10.74 million net of expenses) by way of a placing of
42,720,208 new ordinary shares of 1 pence each in the share capital of the
Company (`Placing Shares`) at 26 pence per Placing Share with certain
institutions and other investors (`Placing`).
The Placing Shares will represent approximately 10.13 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 18th July 2008. The total number
of shares in issue following completion of the Placing will be 421,535,203.
The Placing will enable the Company to continue the roll out of its activities.
David Lenigas, Executive Chairman, commented:
"We are delighted to raise GBP11 million in an uncertain market, and look
forward to investing these funds to accelerate growth from Lonrho`s assets."
For further information, please contact:
LONRHO ENQUIRIES
Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive +44 (0)7717 307 308
Officer
Emma de Borchgrave, Executive +44 (0)7867 785 177
Director
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7743 6375
+44 (0) 7841 672831
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`s shares are traded on the London AIM
stock exchange (LONR). Lonrho is strategically focused on the development of
business opportunities in infrastructure, transportation, support services,
hotels and natural resources. The Company has over 19,000 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
Swissta Holdings - www.swissta.com
SA Independent Liner Services - www.saliners.com
Bytes & Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
LonZim - www.lonzim.co.uk
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 15/07/2008 09:39:26 Produced by the JSE SENS Department.
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