LON - Lonmin Plc - Notification of Directors` and PDMRs` share dealings
LON
LOLMI
LON - Lonmin Plc - Notification of Directors` and PDMRs` share dealings
pursuant to DTR 3.1.4 R
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")
6 December 2011
Notification of Directors` and PDMRs` share dealings pursuant to DTR 3.1.4 R
Lonmin Plc (the "Company") was notified on 5 December 2011 by the Trustee of
the Lonmin Employee Benefit Trust that the awards made on 2 December 2008
under the Deferred Annual Bonus Plan reached their maturity on 2 December
2011. As a consequence:
(1) The participants` Invested Shares (being ordinary shares of $1 each
in the Company purchased in December 2008) were transferred into
their own names on 5 December 2011;
(2) The shares comprised in the 1:1 Matched Awards (on an after-tax
basis) lapsed in full. These Awards were subject to a performance
condition comprising two independent parts:
* 50% was subject to Lonmin TSR relative to a group of 20 mining and
metals companies over the three years ending 31 October 2011, in
each case normalised into US dollars. The Company finished below
median and this portion of the Matched Awards lapsed.
* The other 50% was subject to a share price test over the three years
ending 31 October 2011. The Company finished below the threshold
level and this portion of the Matched Awards also lapsed.
Director/PDMR Invested No. of shares No. of shares
Shares released granted under lapsed under
from trust Matched Award Matched Award
Ian Farmer 5,801 9,296 9,296
Albert Jamieson 4,549 7,635 7,635
Mark Munroe 717 1,203 1,203
The Company was also notified of the same information by the individuals
concerned in discharge of their obligations under DTR 3.1.2 R on the same
date.
END
Date: 07/12/2011 07:05:32 Produced by the JSE SENS Department.
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