| Fri 25 Jan 2002, 0:00 | | Lonmin Plc - Results Of The Agm & Extraordinary Gm |
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("Lonmin")
(Incorporated in England)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
ISIN code: GB0002568144
Share code: LON
RESULTS OF THE ANNUAL GENERAL MEETING AND THE EXTRAORDINARY GENERAL MEETING
AND FURTHER INFORMATION FOR SHAREHOLDERS
At the Annual General Meeting of Lonmin shareholders, held on 25 January
2002, shareholders approved all resolutions proposed including renewal of
the authority for Lonmin to purchase its own shares.
At the Extraordinary General Meeting of Lonmin shareholders, held on 25
January 2002, shareholders approved all resolutions proposed including those
necessary to implement:
- the return of capital to shareholders,
- the capital reduction and redenomination of share capital,
- the renewal of authorities to purchase and issue ordinary shares to
reflect the revised share capital reduction and redenomination, and
- the proposals relating to the Lonmin Share Option Schemes.
Following approval by the shareholders at the Extraordinary General Meeting,
the capital reduction and redenomination are still conditional, inter alia,
on the approval of the Court, expected to be granted on 20 February 2002.
In addition to the above, shareholders are hereby notified that since the
posting of the circular to shareholders on 20 December 2001, the JSE
Securities Exchange South Africa has agreed to waive the requirement for a
surrender circular as mentioned on page 17 (in Paragraph 10 (ii) of Part 2)
of the circular. As a result of this waiver, new certificates will be mailed
to shareholders on the South African register who still hold their shares in
certificated format. Shareholders on the South African register who have
already dematerialised their holdings will have their CSDP accounts adjusted
as detailed in the timetable below.
Expected Timetable of Principal Events
Payment of final dividend for Monday, 18 February
year ended 30 September 2001
Court hearing to confirm the Wednesday, 20 February
Capital Reduction and the
Redenomination
Last day of dealings in Existing Friday, 22 February
Ordinary Shares on the London
Stock Exchange
Last day to trade cum the return Friday, 22 February
and consolidation on the JSE
Effective date for the Capital Friday, 22 February
Reduction and the Redenomination
Record Date for Cash Entitlement Friday, 22 February
Ex-date for SA Shareholders Monday, 25 February
Trading in Existing Ordinary Monday, 25 February
Shares suspended and termination
of listing on the JSE (9:00 a.m.
South African time)
New Ordinary Shares listed on Monday, 25 February
the JSE and dealings commence
(9:00 a.m. South African time)
Dealings in the New Ordinary Monday, 25 February
Shares commence on the London
Stock Exchange (8:00 a.m. UK
time)
South African record date (for Friday, 1 March
settlement)
Adjustment to CSDPs and brokers Monday, 4 March
credit shareholders accounts
(SA)
Despatch of certificates for New by Monday, 4 March
Ordinary Shares (for
shareholders on the SA register)
Despatch of cheques in respect by Monday, 4 March
of the return of capital (for
shareholders on the SA register)
No rematerialisation or dematerialisation will take place between 15
February 2002 and 1 March 2002.
Shareholders' attention is also drawn to the circular to shareholders dated
20 December 2001 relating to the exchange rate to be used to determine the
Rand equivalent of the return of capital. STRATE has now advised that it
requires this exchange rate to be calculated five working days before the
Record Date. As such, the exchange rate to be used to determine the Rand
equivalent of the return of capital to be received will be calculated on 15
February 2002. An announcement will appear on SENS detailing the final
exchange rate once this has been determined.
Enquiries
Lonmin - John Robinson, 09 44 20 7201 6000
Cazenove & Co. Ltd - Michael Wentworth-Stanley, 09 44 20 7588 2828
Cazenove South Africa (Pty) Ltd - Gina Gibson, 011 280 7900
Cardew & Co. - Anthony Cardew, 09 44 20 7930 0777
25 January 2002
