| Mon 11 Oct 2010, 17:05 | | LAF - Lonrho - Further placement of USD10 million convertible bonds to complete |
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LAF
LOLAF
LAF - Lonrho - Further placement of USD10 million convertible bonds to complete
the total USD70 million Bond issue announced on 8th October 2010
LONRHO PLC
(Incorporated and registered in England and Wales)
(Registration number 2805337)
Share code: LAF; ISIN number: GB0002568813
("Lonrho" or "the Company")
Further placement of USD10 million convertible bonds to complete the total USD70
million Bond issue announced on 8th October 2010.
Lonrho Plc announces that following notification on 8 October 2010 confirming
the successful completion of the offering (the "Offering") of USD60 million
Guaranteed Convertible Bonds due 2015, the Company is pleased to announce that
in accordance with the option to sell a further USD10 million, and in light of
significant demand, it has successfully placed the further USD10 million of
additional bonds by the Company`s wholly-owned direct subsidiary, LAH Jersey
Limited ("the Bonds"). The issuance remains subject to shareholder approval.
The aggregate amount of all the Bonds now placed by Lonrhois USD70 million and
if all of the Bonds were to be converted and immediately exchanged into new
ordinary shares of 1 pence each in the Company ("Shares") at a fixed conversion
price of GBP0.1559, 282,999,798 new Shares would be issued. Based on the present
issued Share capital of Lonrho full conversion of the Bonds would represent
19.5% of the enlarged Share capital of the Company.
The terms and conditions attaching to the Bonds remain the same as announced by
the Company on 8 October 2010.
For further information, please contact:
Lonrho Plc
David Lenigas, Chairman +44 (0)20 7016 5105
Geoffrey White, Chief Executive +44 (0)20 7016 5105
Officer
David Armstrong, Finance Director +44 (0)20 7016 5105
Pelham Bell Pottinger
Charles Vivian +44 (0) 20 7861 3126
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7861 3864
+44 (0) 7841 672831
Beaumont Cornish Limited (Nomad)
Rosalind Hill Abrahams +44 (0) 20 7628 3396
Roland Cornish
ISM Capital LLP
Cliff Siegel
Michael Coakley +44 (0) 20 7938 8980
Andreas Hajialexandrou
Panmure Gordon (UK) Limited
Tim Linacre +44 (0) 20 7614 8388
Dominic Morley
South African Sponsor
Java Capital
11 October 2010
Not for release in the United States, Canada or Japan
Date: 11/10/2010 17:05:01 Produced by the JSE SENS Department.
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