| Thu 18 Dec 2008, 7:15 | | LON - Lonmin Plc - Notification of PDMRs` shareholdings pursuant to |
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LON
LOLMI
LON - Lonmin Plc - Notification of PDMRs` shareholdings pursuant to
Disclosure and Transparency Rule 3.1.4
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN: GB0031192486
("Lonmin")
17 DECEMBER 2008
Notification of PDMRs` shareholdings pursuant to Disclosure and
Transparency Rule 3.1.4
The Company received a notification today, 17 December 2008, from the
Trustee of the Lonmin Employee Benefit Trust that matched awards made on 15
December 2005 under the Deferred Annual Bonus Plan vested to the extent of
50%, being the half of the matched award subject to a performance target
based on the growth in audited EBIT profits between the years ended
30 September 2005 and 2008.
This resulted in the partial release of the matched award and subsequent
sale of some of shares by Ian Farmer, a director and the chief executive of
the Company, and by Albert Jamieson, a PDMR, as detailed below, all of
which occurred today.
The sales by Mr Farmer and Mr Jamieson were to realise sufficient cash
proceeds to satisfy their liability to income tax and (in the case of Ian
Farmer) national insurance on the vesting of the award and the balance of
their shares have been retained.
Name of PDMR No. of shares No. of No. of No. of Sale
under original shares shares sold shares price
matched award vested retained
Ian Farmer 2,273 1,136 467 669 GBP7.15
Albert 860 430 173 257 GBP7.15
Jamieson
In addition, the trustee has released 1,341 shares to Mr Farmer and 516
shares to Mr Jamieson which were acquired by them in December 2005 by way
of investment of deferred bonus monies and which have been held since that
time as part of their beneficial holdings.
The Company was today also notified of the same information by Mr Farmer
and Mr Jamieson in discharge of their obligations under DTR 3.1.2 R.
Following this notification, Mr Farmer`s total shareholding in the Company
is 36,490.
END
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