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LON - Lonmin Plc - Successful completion of rights issue and placing of rump

Release Date: 05/06/2009 12:23
Code(s): LON
Wrap Text

LON - Lonmin Plc - Successful completion of rights issue and placing of rump 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") 5 JUNE 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY LONMIN PLC IN CONNECTION WITH THE RIGHTS ISSUE. COPIES OF THE PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE COMPANY`S REGISTERED OFFICE. LONMIN PLC SUCCESSFUL COMPLETION OF RIGHTS ISSUE AND PLACING OF RUMP On 4 June 2009, Lonmin Plc ("Lonmin" or "the Company") announced that, as at 11.00 a.m. (UK time) on 3 June 2009, being the latest date of receipt of valid acceptances, it had received valid acceptances in respect of 33,801,585 New Shares, representing approximately 96.38% of the total number of New Shares offered to Shareholders, pursuant to the 2 for 9 Rights Issue announced by the Company on 11 May 2009. Lonmin Plc confirms that Citigroup Global Markets U.K. Equity Limited and J.P. Morgan Cazenove Limited have procured acquirers for the 1,270,544 New Shares for which valid acceptances were not received, at an average price of 1433.01 pence per share. The net proceeds from the sale of these New Shares, after deduction of the Issue Price of 900 pence (or ZAR 113.04, as the case may be) per New Share and relevant costs (including any related brokerage and commissions and amounts in respect of VAT which are not recoverable), will be paid to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than GBP5.00 (or its equivalent in ZAR, as the case may be) will not be so paid but will be retained for the Company`s own benefit. Defined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 11 May 2009. Contacts: Lonmin Tel: +44 (0)20 7201 6052 Rob Bellhouse, Company Secretary
Citi (Joint UK Sponsor and Joint Tel: +44 (0)20 7986 4000 Bookrunner) David Wormsley Jan Skarbek Citi (Joint Corporate Broker) Tel: +44 (0)20 7986 4000 Tom Reid Andrew Forrester Citi (JSE Transaction Sponsor) Tel: +27 (0)11 944 1000 Sean Wegerhoff
J.P. Morgan Cazenove (Joint UK Tel: +44 (0)20 7588 2828 Sponsor, Joint Bookrunner And Joint Corporate Broker) Michael Wentworth-Stanley Jonathan Wilcox Matthew Lawrence Cardew Group Tel: +44 (0)20 7930 0777 Anthony Cardew Rupert Pittman Financial Dynamics Tel: +27 (0)21 487 9000 Dani Cohen Ravin Maharaj Date: 05/06/2009 12:23:07 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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