| Mon 19 Feb 2007, 7:15 | | LON - Lonmin Plc - Lonmin Plc Becomes Sole Shareho |
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LON
LOLMI
LON - Lonmin Plc - Lonmin Plc Becomes Sole Shareholder of AfriOre Limited
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN: GB0031192486
("Lonmin")
Lonmin Plc Becomes Sole Shareholder of AfriOre Limited
Lonmin Plc (``Lonmin``) today announces that it has become the sole shareholder
of AfriOre Limited ("AfriOre") following the completion of compulsory redemption
proceedings in accordance with the laws of the British Virgin Islands.
As described in a notice sent to shareholders of AfriOre on 9 February 2007,
AfriOre redeemed all of its issued and outstanding shares that were not held by
Lonmin for an amount equal to C$8.75 per share. AfriOre has today sent a
further notice to those former shareholders who have had their shares in the
capital of AfriOre redeemed. This notice provides further information for
former shareholders of AfriOre seeking to receive the redemption price, which is
being held by CIBC Mellon Trust Company as agent for AfriOre. Any questions in
this regard should be directed to CIBC Mellon Trust Company at +1-416-643-5500
or by e-mail at inquiries@cibcmellon.com.
In connection with the redemption, the shares of AfriOre were today delisted
from the Toronto Stock Exchange. As previously announced, AfriOre has also
requested the cancellation of its listing on the Alternative Investment Market
of the London Stock Exchange, which is expected to be effective on 28 February
2007.
Enquiries:
Alex Shorland-Ball +44 (0) 20 7201 6060
Vice President, Investor Relations & Communications
Forward Looking Statements:
This announcement may include forward-looking statements. All statements other
than statements of historical fact included in this announcement, including
without limitation those regarding Lonmin`s plans, objectives and expected
performance, are forward-looking statements. Lonmin has based these forward-
looking statements on its current expectations and projections about future
events, including numerous assumptions regarding its present and future business
strategies, operations, and the environment in which it will operate in the
future. Forward-looking statements generally can be identified by the use of
forward-looking terminology such as `ambition`, `may`, `will`, `could`, `would`,
`expect`, `intend`, `estimate`, `anticipate`, `believe`, `plan`, `seek` or
`continue`, or negative forms or variations of similar terminology. Such
forward-
looking statements involve known and unknown risks, uncertainties, assumptions
and other factors related to Lonmin, including, among other factors: (1) the
risk that the businesses of Lonmin and AfriOre will not be integrated
successfully; (2) material adverse changes in economic conditions generally or
in relevant markets or industries in particular; (3) fluctuations in demand and
pricing in the mineral resource industry and fluctuations in exchange rates; (4)
future regulatory and legislative actions and conditions affecting Lonmin`s and
AfriOre`s operating areas or licensing; (5) obtaining and retaining skilled
workers and key executives; and (6) acts of war and terrorism. By their nature,
forward-looking statements involve risks, uncertainties and assumptions and many
relate to factors which are beyond Lonmin`s control, such as future market
conditions and the behaviour of other market participants. Actual results may
differ materially from those expressed in forward-looking statements. Given
these risks, uncertainties, and assumptions, you are cautioned not to put undue
reliance on any forward-looking statements. In addition, the inclusion of such
forward-looking statements should under no circumstances be regarded as a
representation by Lonmin that Lonmin will achieve any results set out in such
statements or that the underlying assumptions used will in fact be the case.
Other than as required by applicable law or the applicable rules of any exchange
on which Lonmin`s securities may be listed, Lonmin has no intention or
obligation to update or revise any forward-looking statements included in this
announcement after the release of this announcement.
Date: 19/02/2007 07:15:00 Produced by the JSE SENS Department.
