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LAF
LOLAF
Lonrho Africa - Completes Second Tranche Placing Of GBP5.82 Million
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 SECOND TRANCHE PLACING OF GBP5.82 MILLION
ADMISSION OF ORDINARY SHARES
The Board of Lonrho Africa is pleased to announce that the Company has
raised an additional GBP5.82 million gross (GBP5.67 million net of expenses)
following the completion of its second tranche fundraising by way of a
placing of 20,796,373 new ordinary shares of 1 pence each in the share
capital of the Company ("Placing Shares") at 28 pence per Placing Share with
select institutions ("Placing"). This follows the placing of 45,860,628 new
ordinary shares completed earlier this month that raised GBP12.84 million
gross. The Placing will support the Company"s strategy set out at the EGM
held in February 2006 by providing a balance of funds for investments in
Africa.
The Placing Shares will represent approximately 9.3 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 30 August 2006.
The total number of shares in issue following completion of the Placing will
be 224,229,089.
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.
23 August 2006
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 23/08/2006 11:55:04 AM Produced by the JSE SENS Department
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