| Wed 10 Dec 2008, 8:17 | | LAF - Lonrho Plc - Result of EGM |
|
LAF
LOLAF
LAF - Lonrho Plc - Result of EGM
Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho Africa" or "the Company")
Result of EGM
9 December 2008
Further to the announcement on 11 November 2008, Lonrho Plc (AIM: LONR), the
conglomerate with a structured portfolio of African investments, is pleased to
announce that all of the resolutions proposed at the Company`s EGM held earlier
today to approve, inter alia, (i) the issue of 308,846,000 new ordinary shares
at an issue price of 5p each in the Company (the "Placing Shares"); and (ii) the
general authority to allot further securities up to an aggregate nominal amount
of GBP500,000 and the disapplication of pre-emption rights over such securities,
were duly passed.
Application has been 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 Wednesday 10 December 2008.
The total number of shares in the Company in issue following completion of the
Placing will be 763,819,076.
David Lenigas, Lonrho`s Executive Chairman commented today:
"I am very pleased that over 80% of the votes cast were in support of the
Placing announced in November in these turbulent markets. Lonrho remains
bullish on African growth and economic development. Sub Saharan Africa will, in
our opinion, continue to show significant economic growth over the coming years
and Lonrho`s mandate remains to be an integral and successful component of that
growth. The net proceeds of the Placing will significantly reduce the Company`s
exposure to further insecurity in world financial markets."
--oo-
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 77436375
+44 (0) 7841 672831
Collins Stewart Europe Limited
Hugh Field +44 (0) 20 75238350
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.
South African sponsor to Lonrho Plc
Java Capital (Proprietary) Limited
Date: 10/12/2008 08:17:03 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.
