| Tue 13 Dec 2011, 17:48 | | LAF - Lonrho Plc - Roposed firm placing and placing and open offer to raise |
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LAF
LOLAF
LAF - Lonrho Plc - Roposed firm placing and placing and open offer to raise
approximately GBP26.9Million gross proceeds
LONRHO PLC
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813
("Lonrho" or "the Company")
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN AND THE REPUBLIC OF SOUTH
AFRICA AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED INTO ANY
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE
SECURITIES LAWS OR REGULATIONS.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT. IT IS NOT A PROSPECTUS. INVESTORS
SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS
ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND
INCORPORATED BY REFERENCE INTO THE PROSPECTUS.
THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS
REGISTERED UNDER THE US SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM SUCH
REGISTRATION. NO PUBLIC OFFERING OF THE SECURITIES DISCUSSED HEREIN IS BEING
MADE IN THE UNITED STATES. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES AND THE
COMPANY DOES NOT CURRENTLY INTEND TO REGISTER ANY SECURITIES UNDER THE US
SECURITIES ACT.
THE DEFINED TERMS SET OUT IN THE ANNOUNCEMENT RELEASED EARLIER TODAY APPLY IN
THIS ANNOUNCEMENT.
13 December 2011
Lonrho Plc
Publication of Prospectus
Further to the announcement by Lonrho Plc ("Lonrho" or the "Company") earlier
today that it is proposing to raise gross proceeds of GBP26.9 million through
a firm placing and placing and open offer involving the issue of 269,498,795
New Ordinary Shares at an issue price of 10 pence per New Ordinary Share (the
"Capital Raising"), the Company announces that a prospectus dated 13 December
2011 relating to the Capital Raising (the "Prospectus") has been approved by
the UK Listing Authority.
Qualifying Shareholders (other than Excluded Shareholders) who have
previously agreed to receive shareholder documentation via the Company`s
website should access the Prospectus from www.lonrho.com. The Prospectus will
be posted to other Qualifying Shareholders (other than Excluded Shareholders)
today. Copies will be available from the registered office of Lonrho at Level
2, 25 Berkeley Square, London W1J 6HB, and, other than in respect of certain
jurisdictions, on the Company`s website (www.lonrho.com) and available for
inspection during normal business hours on any weekday (Saturdays, Sundays
and public holidays excluded) at the offices of Panmure Gordon (UK) Limited
at Moorgate Hall, 155 Moorgate, London EC2M 6XB.
In addition, the Prospectus has been submitted to the National Storage
Mechanism and will be available for inspection at www.hemscott.com/nsm.do.
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 3232
Gavin Davis
Charles Goodwin
Charlie Harrison
Important Notice
This Announcement is not a prospectus but an advertisement and investors
should not acquire any New Ordinary Shares referred to in this Announcement
except on the basis of the information contained in the Prospectus and
incorporated by reference into the Prospectus.
Neither the content of Lonrho`s website nor any website accessible by
hyperlinks to Lonrho`s website is incorporated in, or forms part of, this
Announcement. The distribution of this Announcement, the Prospectus and any
other documentation associated with the Capital Raising into jurisdictions
other than the United Kingdom may be restricted by law. Persons into whose
possession these documents come should inform themselves about and observe
any such restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction. In
particular, such documents should not be distributed, forwarded to or
transmitted, directly or indirectly, in whole or in part, in or into any
Prohibited Territory.
No action has been taken by Lonrho or any other person that would permit an
offer of the New Ordinary Shares or possession or distribution of this
Announcement, the Prospectus or any other documentation or publicity material
or the Application Forms in any jurisdiction where action for that purpose is
required, other than in the United Kingdom.
The New Ordinary Shares are being offered and sold outside the US in reliance
on Regulation S under the US Securities Act. The New Ordinary Shares have not
been approved or disapproved by the US Securities and Exchange Commission,
any state securities commission in the US or any other US regulatory
authority, nor have any of the foregoing authorities passed upon or endorsed
the merits of the offering of the New Ordinary Shares or the accuracy or
adequacy of the Prospectus or this document. Any representation to the
contrary is a criminal offence in the US.
The New Ordinary Shares have not been and will not be registered under the
relevant laws of any state, province or territory of any of the Prohibited
Territories and may not be offered, sold, resold, taken up, transferred,
delivered or distributed, directly or indirectly, within any Prohibited
Territory except pursuant to an applicable exemption from registration
requirements. There will be no public offer of New Ordinary Shares in any
Prohibited Territory.
This Announcement is for information purposes only and does not constitute or
form part of any offer to issue or sell, or the solicitation of an offer to
acquire, purchase or subscribe for, any securities in any jurisdiction and
should not be relied upon in connection with any decision to subscribe for or
acquire any of the New Ordinary Shares. In particular, this Announcement does
not constitute or form part of any offer to issue or sell, or the
solicitation of an offer to acquire, purchase or subscribe for, any
securities in the United States.
This Announcement has been issued by, and is the sole responsibility of, the
Company. No person has been authorised to give any information or to make any
representations other than those contained in this Announcement and, if given
or made, such information or representations must not be relied on as having
been authorised by Lonrho or Panmure Gordon. Subject to the Listing Rules,
the Prospectus Rules and the Disclosure and Transparency Rules, the issue of
this Announcement shall not, in any circumstances, create any implication
that there has been no change in the affairs of the Group since the date of
this Announcement or that the information contained in it is correct at any
subsequent date.
Panmure Gordon, who is authorised and regulated in the UK by the Financial
Services Authority, is acting for Lonrho and no one else in connection with
the Capital Raising and will not regard any other person (whether or not a
recipient of this Announcement) as a client in relation to the Capital
Raising and will not be responsible to anyone other than Lonrho for providing
the protections afforded to its clients or for providing advice in relation
to the Capital Raising or any matters referred to in this Announcement.
Apart from the responsibilities and liabilities, if any, which may be imposed
on Panmure Gordon by the Financial Services and Markets Act 2000, Panmure
Gordon does not accept any responsibility whatsoever for the contents of this
Announcement, and makes no representation or warranty, express or implied,
for the contents of this Announcement, including its accuracy, completeness
or verification, or for any other statement made or purported to be made by
it, or on its behalf, in connection with Lonrho or the New Ordinary Shares or
the Capital Raising, and nothing in this Announcement is or shall be relied
upon as, a promise or representation in this respect whether as to the past
or future. Panmure Gordon accordingly disclaims to the fullest extent
permitted by law all and any liability whether arising in tort, contract or
otherwise (save as referred to above) which it might otherwise have in
respect of this Announcement or any such statement.
This document should not be considered a recommendation by the Company,
Panmure Gordon or any of their respective directors, officers, employees,
advisers or any of their respective affiliates, parent undertakings,
subsidiary undertakings or subsidiaries of their parent undertakings in
relation to any purchase of or subscription for the New Ordinary Shares.
Price and volumes of, and income from, securities may go down as well as up
and an investor may not get back the amount invested. It should be noted that
past performance is no guide to future performance. You are advised to read
this document and the Prospectus and the information incorporated by
reference therein, in their entirety for a further discussion of the factors
that could affect the Group`s future performance and the industry in which it
operates. Persons needing advice should consult an independent financial
adviser.
13 December 2011
South African sponsor
Java Capital
Date: 13/12/2011 17:48:00 Produced by the JSE SENS Department.
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