Lonmin Plc - Ashanti"s improved merger terms with AngloGold
Lonmin Plc
ISIN code: GB0031192486
15 October 2003
Announcement re: Ashanti"s improved merger terms with AngloGold
The Board of Lonmin Plc ("Lonmin") has noted the announcement made today by
Ashanti Goldfields ("Ashanti") detailing the improved terms of the merger with
AngloGold.
Lonmin, which holds 27.6% of Ashanti"s issued share capital, entered into an
undertaking with AngloGold, dated 4 August 2003, to vote in favour of the
merger. Lonmin can only withdraw its support for the merger with AngloGold if
the board of Ashanti withdraws its recommendation or if the transaction
agreement relating to AngloGold"s proposal is terminated.
In light of the Revised Merger Proposal, Lonmin has irrevocably undertaken to
AngloGold not to have any discussions with Randgold, or to accept or support any
proposal from Randgold unless such proposal includes a fully underwritten cash
alternative and the board of Ashanti determines it to be a superior proposal in
accordance with the terms of the transaction agreement with AngloGold.
End
For further information contact:
CardewChancery
Anthony Cardew / Jackie +44 (0)20 7930 0777
Range
Date: 15/10/2003 08:44:22 AM Produced by the JSE SENS Department
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