| Fri 5 Jun 2009, 12:23 | | LON - Lonmin Plc - Successful completion of rights issue and placing of rump |
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LON
LOLMI
LON - Lonmin Plc - Successful completion of rights issue and placing of rump
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")
5 JUNE 2009
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
SUCCESSFUL COMPLETION OF RIGHTS ISSUE AND PLACING OF RUMP
On 4 June 2009, Lonmin Plc ("Lonmin" or "the Company") announced 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 33,801,585 New
Shares, representing approximately 96.38% 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.
Lonmin Plc confirms that Citigroup Global Markets U.K. Equity Limited and J.P.
Morgan Cazenove Limited have procured acquirers for the 1,270,544 New Shares for
which valid acceptances were not received, at an average price of 1433.01 pence
per share.
The net proceeds from the sale of these New Shares, after deduction of the Issue
Price of 900 pence (or ZAR 113.04, as the case may be) per New Share and
relevant costs (including any related brokerage and commissions and amounts in
respect of VAT which are not recoverable), will be paid to those Shareholders
whose rights have lapsed in accordance with the terms of the Rights Issue, pro
rata to their lapsed provisional allotments, save that individual amounts of
less than GBP5.00 (or its equivalent in ZAR, as the case may be) will not be so
paid but will be retained for the Company`s own benefit.
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 6052
Rob Bellhouse, Company Secretary
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
Date: 05/06/2009 12:23:07 Produced by the JSE SENS Department.
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