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LONMIN - DIVIDEND ANNOUNCEMENT

Release Date: 06/07/1999 16:09
Code(s): LON
Wrap Text
LONMIN PUBLIC LIMITED COMPANY
(INCORPORATED IN ENGLAND)
(REGISTERED IN THE REPUBLIC OF SOUTH AFRICA
UNDER REGISTRATION NUMBER 69/00015/10)
DIVIDEND ANNOUNCEMENT

THE BOARD HAS DECLARED AN INTERIM DIVIDEND OF 7.5 PENCE (12.1 CENTS) PER SHARE AS COMPARED TO 7.2 PENCE (12.1 CENTS) PER SHARE IN 1998. AS THE COMPANY HAS NOW ADOPTED THE US DOLLAR AS ITS FUNCTIONAL CURRENCY, THE DIVIDEND IS DETERMINED IN US DOLLARS BUT IS DECLARED IN STERLING, CONVERTED AT EXCHANGE RATES APPLICABLE ON 7 JUNE 1999, REPRESENTING AN INCREASE OF 4.2 PER CENT IN STERLING TERMS. THE TOTAL DISTRIBUTION IS EXPECTED TO AMOUNT TO GBP12 MILLION (US$ 19 MILLION) (1998: GBP12 MILLION/US$ 19 MILLION).
THE INTERIM DIVIDEND WILL BE PAID ON 1 OCTOBER 1999 TO SHAREHOLDERS ON THE REGISTERS AT 6 AUGUST 1999.
THE COMPANY'S SHARES WILL BE LISTED AS EX DIVIDEND IN LONDON AND JOHANNESBURG ON 2 AUGUST AND 6 AUGUST RESPECTIVELY. NOTE:
A DIVIDEND REINVESTMENT PLAN HAS BEEN IMPLEMENTED AND ALL NEW SHAREHOLDERS WILL BE SENT DETAILS OF THE PLAN. 4 GROSVENOR PLACE LONDON SW1X 7DL ENGLAND 6 JULY 1999 LOCAL OFFICE: FIRST FLOOR 19 GIRTON ROAD PARKTOWN JOHANNESBURG 2193 (PO BOX 1146, JOHANNESBURG 2000) LOCAL TRANSFER SECRETARIES: MERCANTILE REGISTRARS LIMITED TENTH FLOOR, 11 DIAGONAL STREET JOHANNESBURG 2001 (PO BOX 1053, JOHANNESBURG 2000)

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