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LON - Lonmin Plc - Proposed redemption of Convertible Bonds due 2008

Release Date: 14/12/2006 07:20
Code(s): LON
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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