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LONMIN PLC - DIVIDEND ANNOUNCEMENT

Release Date: 19/12/2000 15:40
Code(s): LON
Wrap Text
LONMIN PUBLIC LIMITED COMPANY
(INCORPORATED IN ENGLAND)
(REGISTERED IN THE REPUBLIC OF SOUTH AFRICA
UNDER REGISTRATION NUMBER 1969/000015/10)
DIVIDEND ANNOUNCEMENT

THE BOARD HAS RECOMMENDED A FINAL DIVIDEND OF 25,7 PENCE (36,0 CENTS) PER SHARE AS COMPARED TO 10,4 PENCE (17,0 CENTS) PER SHARE IN 1999. 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 GBP46 MILLION (US$65 MILLION)(1999: GBP17 MILLION/US$27 MILLION).
THE FINAL DIVIDEND WILL BE PAID ON 19 FEBRUARY 2001 TO SHAREHOLDERS ON THE REGISTERS AT 26 JANUARY 2001.
THE COMPANY'S SHARES WILL BE LISTED AS EX DIVIDEND IN LONDON AND JOHANNESBURG ON 22 AND 29 JANUARY, 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 19 DECEMBER 2000 LOCAL OFFICE: NORTHDOWNS 17 GEORGIAN CRESCENT BRYANSTON JOHANNESBURG 2152 (PO BOX 98811, SLOANE PARK 2152) LOCAL TRANSFER SECRETARIES: MERCANTILE REGISTRARS LIMITED 10TH FLOOR, 11 DIAGONAL STREET JOHANNESBURG 2001 (P O BOX 1053, JOHANNESBURG 2000)

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