LON - Lonmin Plc - Proposed redemption of Converti
LON
LOLMI
LON - Lonmin Plc - Proposed redemption of Convertible Bonds due 2008
Lonmin Plc
Share code: LON
ISIN: GB0031192486
Proposed redemption of US$215,795,000 3.75 per cent Convertible Bonds due 2008
(the "Bonds)
On 15 November 2006 Lonmin Plc ("Lonmin") announced that it intended to redeem
for cash on 18 December 2006 all of the then outstanding Bonds. Holders of
Bonds had until the close of business on 12 December 2006 to avoid redemption by
converting their Bonds into Lonmin ordinary shares, on the basis provided for in
the Conditions of the Bonds.
As at the close of business on 12 December 2006, conversion requests had been
received from the holders of all of the Bonds and these had been satisfied by
the issue of 10,576,949 new ordinary shares (stated after the impact of
fractional entitlements). Lonmin had 154,135,215 shares in issue at the close
of business on 12 December 2006 including those issued pursuant to conversions
of Bonds.
There are therefore no Bonds remaining for redemption on 18 December 2006.
Enquiries:
Alex Shorland-Ball +44 (0)7917 038684
Vice President,
Investor Relations & Communications
14 DECEMBER 2006
END
Date: 14/12/2006 07:20:01 Produced by the JSE SENS Department.
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