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LON - Lonmin Plc - Results of Placing
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")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
10 May 2010
Lonmin Plc
Results of Placing
Lonmin Plc ("Lonmin" or the "Company") is pleased to announce the successful
completion of the placing (the "Placing") announced earlier today.
A total of 9,064,249 new ordinary shares in Lonmin (the "Placing Shares") have
been placed by Citigroup Global Markets U.K. Equity Limited ("Citi"), and J.P.
Morgan Securities Ltd, which conducts its UK investment banking activities as
J.P. Morgan Cazenove ("J.P. Morgan Cazenove" or "JPMC", JPMC and Citi together
being the "Managers"), with institutions at a price of 1765 pence per Placing
Share (the "Placing Price"). Based on the Placing Price, the gross proceeds of
the Placing will be approximately GBP160 million. The Placing Shares being
issued represent approximately 4.69% of Lonmin`s issued ordinary share capital
prior to the Placing.
The Placing Shares will, when issued, be credited as fully paid and will rank
pari passu in all respects with the existing ordinary shares of Lonmin,
including the right to receive all dividends and other distributions declared,
made or paid after the date of issue.
Applications have been made for the Placing Shares to be admitted to the
Official List of the UK Listing Authority and to trading on the main market of
the London Stock Exchange (together, the "Admission"). Application has also
been made to JSE Limited in South Africa for the Placing Shares to be admitted
to the Main Board of the Johannesburg Stock Exchange ("JSE") at the same time as
Admission occurs. It is expected that Admission will take place and that
trading in the Placing Shares will commence on 13 May 2010.
Enquiries
Lonmin +44 (0)20 7201 6000
Tanya Chikanza (Acting Head of
Investor Relations)
Citi (Financial Adviser) +44 (0)20 7986 4000
David Wormsley
Jan Skarbek
Robert Way
Sean Wegerhoff (South Africa)
Citi (Joint Broker) +44 (0)20 7986 4000
Tom Reid
Andrew Forrester
J.P. Morgan Cazenove (Joint Broker) +44 (0)20 7588 2828
Michael Wentworth-Stanley
Jonathan Wilcox
Cardew Group (Financial PR Adviser) +44 (0)20 7930 0777
Rupert Pittman
James Milton
Financial Dynamics (Financial PR +27 (0)21 487 9000
Adviser)
Dani Cohen
Ravin Maharaj
This announcement is not for publication, release or distribution, directly or
indirectly, in whole or in part, in or into the United States (including its
territories and possessions, any State of the United States and the District of
Columbia), Australia, Canada or Japan or any jurisdiction into which the same
would be unlawful.
This Announcement is for information purposes only and does not constitute, or
form part of, any offer to sell or issue or any solicitation of an offer to
purchase or subscribe for Placing Shares or other securities in the capital of
Lonmin in Australia, Canada or Japan or in any jurisdiction in which such offer
or solicitation is or may be unlawful and should not be relied upon in
connection with any decision to acquire the Placing Shares or other securities
in the capital of Lonmin. No public offer of securities of Lonmin is being made
in the United Kingdom or elsewhere.
This Announcement has been issued by and is the sole responsibility of Lonmin.
No representation or warranty express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
Citi or JPMC or by any of their affiliates or agents as to or in relation to,
the accuracy or completeness of this Announcement or any other written or oral
information made available to or publicly available to any interested party or
its advisers, and any liability therefore is expressly disclaimed.
The Managers, each of whom are authorised and regulated in the United Kingdom by
the Financial Services Authority ("FSA"), are acting for Lonmin in connection
with the Placing and no one else and will not be responsible to anyone other
than Lonmin for providing the protections afforded to each of their respective
clients or for providing advice in relation to the Placing or any other matter
referred to herein.
The distribution of this Announcement and the offering of the Placing Shares in
certain jurisdictions may be restricted by law. The Placing Shares may not
(unless an exemption under the relevant securities laws is applicable) be
offered, sold, resold or delivered, directly or indirectly, in or into the
Australia, Canada or Japan or any other jurisdiction outside the United Kingdom.
No action has been taken by Lonmin or the Managers or any of their respective
affiliates that would permit an offering of such shares or possession or
distribution of this Announcement or any other offering or publicity material
relating to such shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this Announcement comes are required by
Lonmin and the Managers to inform themselves about, and to observe, any such
restrictions.
This Announcement is not an offer of securities for sale in or into the United
States. The Placing Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities Act") or under
the laws of any State of the United States and may not be offered or sold in or
into the United States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act. No public
offering of securities will be made in the United States.
Certain statements in the Announcement are forward-looking statements which are
based on Lonmin`s expectations, intentions and projections regarding its future
performance, anticipated events or trends and other matters that are not
historical facts. Such forward-looking statements can be identified by the fact
that they do not relate only to historical or current facts. Forward-looking
statements sometimes use words such as "aim", "anticipate", "target", "except",
"estimate", "intend", "plan", "goal", "believe", or other words of similar
meaning. These statements are not guarantees of future performance and are
subject to known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on forward-
looking statements. Forward-looking statements speak only as of the date of
such statements and, except as required by applicable law, Lonmin undertakes no
obligation to update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
Any indication in this Announcement of the price at which ordinary shares have
been bought or sold in the past cannot be relied upon as a guide to future
performance. No statement in this Announcement is intended to be a profit
forecast and no statement in this Announcement should be interpreted to mean
that earnings per share of Lonmin for the current or future financial years
would necessarily match or exceed this historical published earnings per share
of Lonmin.
The price of shares and the income from them may go down as well as up and
Investors may not get back the full amount on disposal of the shares.
Date: 10/05/2010 14:20:01 Supplied by www.sharenet.co.za
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