|
LAF
LOLAF
Lonrho Africa Plc - Lonrho Africa Appoints Gerard Holden As Joint Executive
Chairman and Grant Of Options
Lonrho Africa Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho Africa" or "the Company")
LONRHO AFRICA APPOINTS GERARD HOLDEN AS JOINT EXECUTIVE CHAIRMAN
GRANT OF OPTIONS
Lonrho Africa is pleased to announce the appointment of Gerard Holden as Joint
Executive Chairman with effect from 26 May 2006. Mr Holden will also join the
Board of Brinkley Mining Plc, in which Lonrho Africa holds a 10% stake, as Non-
Executive Chairman.
Gerard Holden, 42, has more than 20 years experience in finance, 15 of which he
has spent financing projects in the commodities sector. Most recently he was
Managing Director and Global Head of Mining & Metals at Barclays Capital where
he built a team regarded as one of the leading mining and metals origination
businesses. His experience ranges from acquisition, corporate and project
financing to bond issues and advisory assignments. Mr Holden is a regular
speaker at industry events. He joined Barclays Bank in 1985, holds a BSc (Eng)
with Honours from University College London and is an Associate of the Chartered
Institute of Bankers.
Welcoming the appointment David Lenigas, Lonrho Africa"s Chief Executive and
Chairman, said: "I am delighted that Lonrho Africa has attracted such a high
calibre Executive. His expertise is unparalleled and I believe that Lonrho
Africa will benefit greatly from his ability to communicate across boundaries
and at the highest level. I have no doubt that Gerard will be invaluable to the
Company and look forward to working with him."
In line with the incentivisation policy recently approved by shareholders, Mr
Holden will be granted 1.5 million ordinary shares of 1p each in the capital of
the Company under the discretionary bonus scheme. Mr Holden will also be
granted 3.5 million shares of 1p each in the capital of the Company under the
unapproved share option scheme at an exercise price of 35.5 pence per share
until 25 May 2011.
Gerard Holden has not held any directorships or partnerships in a listed company
in the past five years. There are no further details in relation to the above
appointment which require disclosure under paragraph (g) (iii) to (viii) of
Schedule 2 to the AIM Rules.
For further information, please contact:
Lonrho Africa Plc
David Lenigas, Chief Executive +44 (0)7881 825 378
Emma Priestley, Executive Director +44 (0)7867 785 177
Strand Partners Limited +44 (0)20 7409 3494
Simon Raggett +44 (0)7769 883 666
Cardew Group +44 (0)20 7930 0777
Nadja Vetter +44 (0)7941 340 436
Eden Mendel +44 (0)7887 676 603
10 May 2006
South African sponsor to Lonrho Africa Plc
Java Capital (Pty) Limited
Date: 10/05/2006 07:44:32 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
