| Thu 17 Jun 2004, 12:42 | | Offering Of Anglogold Shares |
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Lonmin Plc - Offering Of Anglogold Shares
Release Date: 17/06/2004 12:00:38 Code(s): LON
LONMIN PLC - OFFERING OF ANGLOGOLD SHARES
LONMIN Plc
(Incorporated in the United Kingdom)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
ISIN code: GB0031192486
JSE Share code: LON
ISIN code: LOLMI
(`Lonmin`)
Not for release, publication or distribution in or into the United States,
Canada, Japan, France, New Zealand or the Republic of Ireland
LONMIN PLC ANNOUNCES OFFERING OF ANGLOGOLD ASHANTI LIMITED SHARES
Lonmin Plc (`Lonmin`) announces that it is today launching an accelerated book-
built offering (the `Offering`), in relation to its 6.94 million shares in
AngloGold Ashanti Limited (`AngloGold Ashanti`) representing approximately 2.63%
of the issued share capital of AngloGold Ashanti, which are listed on the JSE
Securities Exchange South Africa and on the New York Stock Exchange. Cazenove &
Co. Ltd and JP Morgan Securities Ltd. (together the `Joint Bookrunners`) are
acting as the joint bookrunners to the Offering.
The disposal of these shares by Lonmin is in line with its stated intention to
realise the value of its stake in AngloGold Ashanti.
The shares comprising the Offering are being offered by way of an international
institutional bookbuilding. The Offering will commence with immediate effect.
Participants in the bookbuilding will be invited to offer to purchase either
Anglogold Ashanti Ordinary Shares of par value 0.25 South African Rand
(`Ordinary Shares`), for which settlement will be in South African Rand, or
American Depositary Shares (`ADSs`), each of which represents the right to
receive one Ordinary Share, for which settlement will be in US dollars.
Anglo American plc who purchased 3.5 million ordinary shares from Lonmin on 4th
June 2004, have committed to offer to purchase a further 2.7 million Ordinary
Shares in the bookbuilding which will be allocated to them in full at the
offering price on closing.
The bookbuilding is expected to close no later than 9pm (London time) tonight
(17th June) and pricing and allocations are expected to be set and announced at
or before 7:00 a.m (London time) on 18th June 2004.The Joint Bookrunners reserve
the right to close the bookbuild and announce the pricing and allocations at any
earlier or later time.
Settlement for any Ordinary Shares purchased pursuant to the Offering will be
made five business days following the announcement of pricing and allocations
through STRATE. Uncertificated securities tax at the rate of 0.25% will be
payable by the purchaser. The South African Rand purchase price payable by
purchasers of Ordinary Shares will be set by reference to the US dollar purchase
price set by way of the bookbuilding, and converted at the foreign exchange rate
as determined by the Joint Bookrunners.
Settlement for any ADSs purchased pursuant to the Offering will be in US dollars
and will be made through DTC three business days following the announcement of
pricing and allocations.
Cazenove has advised Lonmin in relation to the disposal of its stake in
AngloGold Ashanti.
Contacts:
Lonmin
John Robinson, Finance Director +44 20 7201 6000
Anthony Cardew/Olivia Gallimore - CardewChancery +44 20 7930 0777
Cazenove
Michael Wentworth-Stanley +44 20 7588 2828
Jonathan Wilcox +44 20 7588 2828
JP Morgan Securities Ltd
Ian Hannam +44 20 7325 1000
Arjun Khullar +44 20 7325 1000
This announcement has been issued by, and is the sole responsibility of, Lonmin.
Members of the general public are not eligible to take part in this Offering.
In the United Kingdom, this announcement, in so far as it constitutes an
invitation or inducement to participate in the Offering, is directed exclusively
at persons who have professional experience in matters relating to investments
who fall within article 19(5) (investment professionals) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) (the
`Order`) or are persons falling within article 49(2)(a) to (d) (high net worth
companies, unincorporated associations etc) of the Order (all such persons
together being referred to as `relevant persons`). This announcement, in so far
as it constitutes an invitation or inducement to participate in the offering,
must not be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this announcement or the Offering
relates is available only to relevant persons and will be engaged in only with
relevant persons. As regards all persons other than relevant persons, the
details of the Offering and bookbuilding set out in this announcement are for
information purposes only.
Cazenove & Co. Ltd and JP Morgan Securities Ltd. are acting for Lonmin Plc and
no one else in connection with the offer and will not be responsible to any
other person for providing the protections afforded to their respective clients,
or for providing advice in relation to the proposed offer.
This announcement is not an offer for sale of the securities in the United
States, and the securities may not be sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended. Any public offering of the securities to be made in the
United States will be made by means of a prospectus that may be obtained from
Lonmin and that will contain detailed information about AngloGold Ashanti and
its management, as well as financial statements.
This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia, Japan, France, New Zealand or the Republic of
Ireland. This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire ordinary shares in the capital of
AngloGold Ashanti in the United States, Canada, Australia, Japan, France, New
Zealand or the Republic of Ireland or any jurisdiction in which such an offer or
solicitation is unlawful. No public offering of securities will be made in the
United Kingdom or the Republic of South Africa.
Johannesburg
17 June 2004
Sponsor
Cazenove
