LON - Lonmin Plc - Notification of Transactions of Directors and Persons
LON
LOLMI
LON - Lonmin Plc - Notification of Transactions of Directors and Persons
Discharging Managerial Responsibilities ("PDMRs")
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")
30 September 2010
Notification of Transactions of Directors and Persons Discharging Managerial
Responsibilities ("PDMRs")
Pursuant to DTR 3.1.4 R, Lonmin Plc (the "Company") confirms that a nil cost
award was made under the Company`s Long Term Incentive Plan (an "LTIP Award") on
29 September 2010 to Simon Scott, who joined the Board as an executive director
on 27 September 2010.
The LTIP Award is over 20,434 shares and is wholly subject to the satisfaction
of a performance condition, which comprises the following:
1) one half of the LTIP Award is subject to the Company`s Total Shareholder
Return over a three year period relative to the median of a group
comprising the Company`s five direct peers producing Platinum Group Metals;
and
2) the other half is subject to the measurement of sustained and broad-based
operational performance over three years. The operational targets will
support the delivery of the company`s medium term targets, as disclosed in
the Company`s Annual Report. The methodology of the new performance
condition will be explained fully in the remuneration report for the year
ended 30 September 2010, expected to be published in early December.
END
Date: 30/09/2010 13:29:02 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
