| Wed 25 May 2011, 14:00 | | LAF - Lonrho Plc - Update on placing |
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LAF
LOLAF
LAF - Lonrho Plc - Update on placing
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")
UPDATE ON PLACING
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
Update on placing
On 20 May 2011 Lonrho announced a placing of up to 118,000,000 new ordinary
shares in the capital of the Company at 16.5 pence per share ("Placing") to
raise gross proceeds of GBP19.5 million. The Placing was limited to
118,000,000 new shares in the capital of Lonrho ("Placing Shares")
representing approximately 9.99 per cent. of the current issued share capital
of Lonrho.
Lonrho is now pleased to confirm that 118,000,000 Placing Shares have been
placed.
It is expected that Admission will take place and that dealings in the
Placing Shares will begin on 26 May 2011.
Enquiries
Lonrho Plc +44 (0) 20 7016 5105
David Lenigas
Geoffrey White
David Armstrong
Panmure Gordon +44 (0) 20 7459 3600
Tim Linacre
Dominic Morley
Adam Pollock
Hannah Woodley
Pelham Bell Pottinger +44 (0) 20 7861 3126
Charles Vivian
Important Information
Panmure Gordon (UK) Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Lonrho
Plc and for no one else in connection with the Placing and will not be
responsible to anyone other than Lonrho for providing the protections
afforded to clients of Panmure Gordon (UK) Limited or for affording advice in
relation to the Placing, or any other matters referred to herein.
The Placing Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "Securities Act") or under the
securities laws of any state or other jurisdiction of the United States and
may not be offered, sold, resold or delivered, directly or indirectly, in or
into the United States absent registration except pursuant to an exemption
from, or in a transaction not subject to the registration requirements of the
Securities Act. The Placing Shares are being offered and sold outside the
United States only in offshore transactions in accordance with Regulation S
under the Securities Act. No public offering of the Placing Shares is being
made in the United States. Persons receiving this announcement (including
custodians, nominees and trustees) must not forward, distribute, mail or
otherwise transmit it in or into the United States or use the United States
mails, directly or indirectly, in connection with the Placing.
25 May 2011
South African sponsor to Lonrho Plc
Java Capital
Date: 25/05/2011 14:00:06 Produced by the JSE SENS Department.
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