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LOLMI - Lonmin Plc - Director`s Shareholding

Release Date: 23/05/2007 12:20
Code(s): LON
Wrap Text

LOLMI - Lonmin Plc - Director`s Shareholding 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") Notification of director`s shareholding pursuant to Disclosure and Transparency Rule 3.1.4 Lonmin announces that pursuant to a three year Co-Investment Plan entered into under the Shareholder Value Incentive Plan ("SVIP") with Mr Brad Mills dated 19 May 2004, 124,362 ordinary shares in Lonmin were issued to Mr Mills on 21 May 2007, for which Mr Mills had previously provided subscription monies of GBP1,205,994. Of these shares, 51,117 shares were immediately sold at a price of 3957p per share to cover Mr Mills` liability for income tax and national insurance contributions. The remaining 73,245 shares have been retained by Mr Mills. The performance condition relating to the corresponding matched award granted under the 2004 Co-Investment Plan of 104,869 shares was satisfied to the extent of 95,505 shares (the "Matched Award"). Mr Mills has elected to defer the vesting of this Matched Award, which he is treated as having invested for the purposes of the SVIP and as approved by shareholders at the 2007 AGM, a further conditional award was granted to Mr Mills on 21 May 2007 over a maximum of 126,360 shares (the "New Award"). A summary of the performance condition was included in the Notice of Meeting for the 2007 AGM and can be accessed on the Lonmin website (www.lonmin.com). The Company was notified on 22 May 2007 by Mr Mills of the above interests, such notification having been made under Rule 3.1.2 of the Disclosure and Transparency Rules. END 23 MAY 2007 Date: 23/05/2007 12:20:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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