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LAF
LOLAF
Lonrho Africa Completes Gbp12.84 Million Placing Admission Of Ordinary
Shares
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 COMPLETES GBP12.84 MILLION PLACING
ADMISSION OF ORDINARY SHARES
The Board of Lonrho Africa is pleased to announce that Lonrho Africa has
raised GBP12.84 million gross (GBP12.44 million net of expenses) by way of
a placing of 45,860,628 new ordinary shares of 1 pence each in the share
capital of the Company ("Placing Shares") at 28 pence per Placing Share
with certain institutions and other investors ("Placing").
The Placing Shares will represent approximately 23 per cent of the
Company"s enlarged issued share capital and application will be made for
the admission of the Placing Shares to trading on AIM. It is expected that
dealings in the Placing Shares will commence at 8.00 a.m. on 18 August
2006. The total number of shares in issue following completion of the
Placing will be 203,432,716.
The Placing will enable the Company to maintain a balance of funds for
investments in Africa in line with its new strategy set out at the EGM held
in February 2006, and will also support the project financing of Luba
Freeport Limited, Lonrho Africa"s 63 per cent subsidiary.
For further information, please contact:
Lonrho Africa Plc +44 (0)20 7016 5100
David Lenigas - Joint Executive Chairman +44 (0)7881 825 378
Emma Priestley - Executive Director +44 (0)7867 785 177
Strand Partners Limited +44 (0)20 7409 3494
Matthew Chandler
Cardew Group +44 (0)20 7930 0777
Nadja Vetter +44 (0)7941 340 436
Eden Mendel +44 (0)7887 676 603
Emma Consett +44 (0)7971 468 308
LONRHO AFRICA
Lonrho Africa is in the process of re-establishing a significant presence
on the African Continent. The new investment and acquisition strategy,
adopted following the appointment of David Lenigas as Chief Executive in
December 2005, will focus on the natural resources, infrastructure,
leisure, and agribusiness sectors. Lonrho Africa has considerable
experience across these industries in a wide range of countries.
Recently, the Company announced investments in Brinkley Mining Plc, Nare
Diamonds Ltd and Luba Freeport Ltd in Equatorial Guinea.
14 August 2006
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 14/08/2006 02:49:10 PM Produced by the JSE SENS Department
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