| Tue 6 Apr 2010, 8:18 | | LAF - Lonrho Plc - Grant of Options |
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LAF
LOLAF
LAF - Lonrho Plc - Grant of Options
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")
Grant of Options
6th April 2010
At the Annual General Meeting of the Company held yesterday, shareholders
approved the grant of options to Executive Directors, employees and consultants.
Pursuant to the authority granted by shareholders as above, the Board of
Directors today resolved to grant the following share options:
Name Number of Exercise price per Period during which
share options Ordinary Share exercisable
to be granted
David Lenigas: 20,000,000 Mid market price From 1 April 2010 to
Executive on 31 March 2010 30 March 2015
Chairman +10%
Geoffrey White: 20,000,000 Mid market price From 1 April 2010 to
Director and on 31 March 2010 30 March 2015
CEO +10%
David 6,500,000 Mid market price From 1 April 2010 to
Armstrong: on 31 March 2010 30 March 2015
Director +10%
Emma Priestley: 1,000,000 Mid market price From 1 April 2010 to
Director on 31 March 2010 30 March 2015
+10%
Employees and 5,500,000 Mid market price From 1 April 2010 to
Consultants to on 31 March 2010 30 March 2015
the Company +10%
The options represent in aggregate 5.05% of the Company`s existing issued share
capital and are being issued on the following basis: Executive Directors: 4.52%
and employees and consultants: 0.52%. The terms and conditions of options remain
the same as previously announced options.
The mid market price on 31 March 2010 was 12.5p resulting in an option price
(with an uplift of 10%) of 13.75p.
Following the grant of new options as set out above the directors of the Company
now have the following options over shares in the capital of the Company at
exercise prices as set out below.
No. Exercise
Options price Exercise period
D A Lenigas 3,500,000 6.5p Jan 2006 - Jan 2011
D A Lenigas 3,750,000 6.5p April 2007 - April 2012
D A Lenigas 1,615,000 6.5p July 2007 - July 2012
D A Lenigas 2,500,000 6.5p Jan 2009 - Jan 2014
D A Lenigas 20,000,000 13.75p April 2010 - March 2015
G T White 2,500,000 6.5p April 2007 - April 2012
G T White 1,065,000 6.5p July 2007 - July 2012
G T White 2,000,000 6.5p Jan 2009 - Jan 2014
G T White 20,000,000 13.75p April 2010 - March 2015
D Armstrong 1,000,000 6.5P Jan 2009 - Jan 2014
D Armstrong 6,500,000 13.75p April 2010 - March 2015
E K 1,250,000 6.5p April 2006 - April 2011
Priestley
E K 1,250,000 6.5p April 2007 - April 2012
Priestley
E K 1,065,000 6.5p July 2007 - July 2012
Priestley
E K 1,000,000 6.5p Jan 2009 - Jan 2014
Priestley
E K 1,000,000 13.75p April 2010 - March 2015
Priestley
F D Cook 500,000 6.5p Jan 2009 - Jan 2014
J M Ellis 350,000 6.5p July 2007 - July 2012
J M Ellis 500,000 6.5p Jan 2009 - Jan 2014
D I G L 500,000 6.5p April 2007 - April 2012
Strang
D I G L 200,000 6.5p July 2007 - July 2012
Strang
D I G L 500,000 6.5p Jan 2009 - Jan 2014
Strang
The total number of options granted over shares in the capital of the Company is
now 90,505,000 options representing 8.62% of the existing issued share capital
of the Company.
The aggregate number of options held by Directors is now 72,545,000 representing
6.907% of the existing issued share capital of the Company (David Lenigas -
31,365,000 (2.986%); Geoffrey White - 25,565,000 (2.434%); David Armstrong -
7,500,000 (0.714%); Emma Priestley - 5,565,000 (0.530%); Ambassador Frances Cook
- 500,000 (0.048%); Jean Ellis - 850,000 (0.081%); Donald Strang 1,200,000
(0.114%)).
The Board considers that the award of these options is in line with the
Company`s policy of providing incentives to the senior management of the Group
to achieve its continued growth as a substantial business investing across
Africa.
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
David Armstrong, Finance Director +44 (0)7833 054 693
Pelham Bell Pottinger PR
Charles Vivian +44 (0) 20 7337
1538
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7337
1527
+44 (0) 7841 672
831
Beaumont Cornish Limited (Nomad)
Rosalind Hill Abrahams +44 (0) 20 7628
3396
Roland Cornish +44 (0) 20 7628
3396
South African Sponsor
Java Capital (Proprietary) Limited
Date: 06/04/2010 08:18:02 Produced by the JSE SENS Department.
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