| Thu 4 Jun 2009, 8:00 | | LON - Lonmin Plc - Result of rights issue |
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LON
LOLMI
LON - Lonmin Plc - Result of rights issue
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")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD
NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT
EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY
LONMIN PLC IN CONNECTION WITH THE RIGHTS ISSUE. COPIES OF THE PROSPECTUS WILL,
FOLLOWING PUBLICATION, BE AVAILABLE FROM THE COMPANY`S REGISTERED OFFICE.
LONMIN PLC
RESULT OF RIGHTS ISSUE
Incorporated and registered in England and Wales with registered number 103002
Registered in South Africa as an external company with registered number
1969/000015/10
JSE share code: LON
Issuer code: LOLMI & ISIN: GB0031192486
Lonmin Plc ("Lonmin" or "the Company") today announces that, as at 11.00 a.m.
(UK time) on 3 June 2009, being the latest date of receipt of valid acceptances,
it had received valid acceptances in respect of 33,801,585New Shares,
representing approximately 96.38% per cent of the total number of New Shares
offered to Shareholders, pursuant to the 2 for 9 Rights Issue announced by the
Company on 11 May 2009.
It is expected that the New Shares in uncertificated form will be credited to
CREST or Strate accounts, as applicable, on 4 June 2009 and that definitive
share certificates in respect of New Shares in certificated form will be
dispatched to Shareholders by no later than 11 June 2009. It is expected that
the New Shares will commence trading fully paid on the London Stock Exchange and
on the JSE on 4 June 2009.
Citigroup Global Markets U.K. Equity Limited ("Citi") and J.P. Morgan Cazenove
Limited will use reasonable endeavours to procure subscribers for the balance of
1,270,544 New Shares not validly taken up under the Rights Issue, subject to
certain terms and conditions agreed with the Company. A further announcement as
to the number of New Shares for which subscribers have been procured by Citi and
J.P. Morgan Cazenove Limited will be made in due course.
Defined terms used in this announcement shall have the same meanings as in the
Prospectus relating to the Rights Issue dated 11 May 2009.
Contacts:
Lonmin Tel: +44 (0)20 7201 6050
Rob Gurner, Head of Investor Relations
Citi (Joint UK Sponsor and Joint Tel: +44 (0)20 7986 4000
Bookrunner)
David Wormsley
Jan Skarbek
Citi (Joint Corporate Broker) Tel: +44 (0)20 7986 4000
Tom Reid
Andrew Forrester
Citi (JSE Transaction Sponsor) Tel: +27 (0)11 944 1000
Sean Wegerhoff
J.P. Morgan Cazenove (Joint UK Tel: +44 (0)20 7588 2828
Sponsor, Joint Bookrunner And Joint
Corporate Broker)
Michael Wentworth-Stanley
Jonathan Wilcox
Matthew Lawrence
Cardew Group Tel: +44 (0)20 7930 0777
Anthony Cardew
Rupert Pittman
Financial Dynamics Tel: +27 (0)21 487 9000
Dani Cohen
Ravin Maharaj
Disclaimer
This announcement does not constitute or form part of any offer or invitation to
purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue,
or any solicitation of any offer to sell, otherwise dispose of, issue, purchase,
otherwise acquire or subscribe for, any security.
This announcement is an advertisement and does not constitute a prospectus or
prospectus equivalent document. Nothing in this announcement should be
interpreted as a term or condition of the Rights Issue. Any decision to
purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any New
Shares must be made only on the basis of the information contained in and
incorporated by reference into the Prospectus. Copies of the prospectus are
available at Lonmin plc`s registered office.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America (including its
territories and possessions, any state of the United States and the District of
Columbia). This announcement does not contain or constitute an offer for sale or
the solicitation of an offer to purchase securities in the United States. The
securities referred to herein 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, sold, taken up, exercised, resold, renounced, transferred or delivered
in the United States absent registration or an exemption from, or in
transactions not subject to, the registration requirements of the Securities
Act. There will be no public offer of the securities referred to herein in the
United States.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd., each of
which is regulated and authorised in the United Kingdom by the FSA, are acting
exclusively for the Company and for no-one else in connection with the Rights
Issue and will not regard any other person (whether or not a recipient of this
announcement) as a client in relation to the Rights Issue and will not be
responsible to anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in relation to the
Rights Issue, the contents of this announcement and the accompanying documents
or any matters or arrangements referred to herein or therein.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd. may, subject
to the terms of the Underwriting Agreement and in accordance with applicable
legal and regulatory provisions, engage in transactions in relation to the Nil
Paid Rights, the Fully Paid Rights, the New Shares and/or related instruments
for their own account for the purpose of hedging their underwriting exposure or
otherwise. Except as required by applicable law or regulation none of Citi, J.P.
Morgan Cazenove Limited and J.P. Morgan Securities Ltd. propose to make any
public disclosure in relation to such transactions.
- Ends -
Date: 04/06/2009 08:00:10 Produced by the JSE SENS Department.
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indirect, incidental or consequential loss or damage of any kind or nature,
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