LON - Lonmin Plc - Directors` and PDMRs` share dealings
LON
LOLMI
LON - Lonmin Plc - Directors` and PDMRs` share dealings
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")
9 January 2012
Notification of Directors` and PDMRs` share dealings pursuant to DTR 3.1.4 R
Lonmin Plc (the "Company") confirms that the award for 15,718 shares in the
Company granted to Ian Farmer, Chief Executive Officer, on 7 January 2009
under the Long Term Incentive Plan lapsed in full on 7 January 2012.
The LTIP Award was 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
LTIP Award 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 LTIP Award also lapsed.
END
Date: 10/01/2012 07:05:01 Produced by the JSE SENS Department.
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