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LONMIN - DIVIDEND ANNOUNCEMENT

Release Date: 27/01/2000 15:23
Code(s): LON
Wrap Text
LONMIN PUBLIC LIMITED COMPANY
(INCORPORATED IN ENGLAND)

(REGISTERED IN THE REPUBLIC OF SOUTH AFRICA UNDER REGISTRATION NUMBER 1969/00015/10) DIVIDEND ANNOUNCEMENT
THE BOARD HAS RECOMMENDED A FINAL DIVIDEND OF 10.4 PENCE (17.0 CENTS) PER SHARE AS COMPARED TO 10.0 PENCE (17.0 CENTS) PER SHARE IN 1998. AS THE COMPANY HAS NOW ADOPTED THE US DOLLAR AS ITS FUNCTIONAL CURRENCY, DIVIDENDS ARE DETERMINED IN US DOLLARS BUT ARE DECLARED AND PAYABLE IN STERLING, CONVERTED AT EXCHANGE RATES APPLICABLE TWO DAYS PRIOR TO THE ANNOUNCEMENT OF EACH DIVIDEND.
THE TOTAL DISTRIBUTION IS EXPECTED TO AMOUNT TO GBP17 MILLION (US$27 MILLION) (1998: GBP16 MILLION/US$ 27 MILLION).
SUBJECT TO THE APPROVAL OF SHAREHOLDERS AT THE ANNUAL GENERAL MEETING ON 10 MARCH 2000 THE FINAL DIVIDEND WILL BE PAID ON 6 APRIL 2000 TO SHAREHOLDERS ON THE REGISTERS AT 10 MARCH 2000.
THE COMPANY'S SHARES WILL BE LISTED AS EX DIVIDEND IN LONDON AND JOHANNESBURG ON 6 MARCH AND 13 MARCH, 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 7YL
ENGLAND 27 JANUARY 2000
LOCAL OFFICE: LOCAL TRANSFER SECRETARIES:
FIRST FLOOR MERCANTILE REGISTRARS LIMITED
19 GIRTON ROAD 10TH FLOOR, 11 DIAGONAL STREET
PARKTOWN JOHANNESBURG 2001
JOHANNESBURG 2193 (POBOX 1053, JOHANNESBURG 2000) (PO BOX 1146, JOHANNESBURG 2000)

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