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LON - Lonmin Plc - Notification of Directors` and PDMRs` share dealings pursuant

Release Date: 13/12/2010 07:05
Code(s): LON
Wrap Text

LON - Lonmin Plc - Notification of Directors` and PDMRs` share dealings pursuant to DTR 3.1.4 R 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") 10 DECEMBER 2010 Notification of Directors` and PDMRs` share dealings pursuant to DTR 3.1.4 R Lonmin Plc (the "Company") was notified on 9 December 2010 by the Trustee of the Lonmin Employee Benefit Trust that the awards made on 5 December 2007 under the Deferred Annual Bonus Plan reached their maturity on 5 December 2010. As a consequence: (a) The participants` Invested Shares (being ordinary shares of $1 each in the Company purchased in December 2007 (the "Shares")) were transferred into their own names on 8 December 2010; (b) The shares comprised in the 1:1 Matched Award (on an after-tax basis) for those Shares acquired mandatorily and at risk of forfeiture during the deferral period vested in full and were released to participants; and (c) The shares comprised in the 1:1 Matched Award (on an after-tax basis) for all Shares acquired, which was subject to performance conditions, did not vest and the award has lapsed. Certain of the participants elected to sell some of the shares resulting from these transactions, principally to fund the tax and other liabilities arising. This took place in the London or Johannesburg markets on 8 December 2010, as detailed below PDMR Shares Shares Price Matched Matched Matched Price pre released sold per Award Award Award share
share released lapsed shares sold Ian Farmer 749 - - 1,087 1,087 556 GBP18.2813 Alan 965 - - 466 1,401 239 GBP18.2813 Ferguson Theuns de 1,218 - - 579 1,740 - - Bruyn Albert 357 357 R200.85* 600 600 600 GBP18.2813 Jamieson Barnard 207 - - 346 346 - - Mokwena * denotes trade conducted on the JSE The Company was also notified of the same information by the executives concerned in discharge of their obligations under DTR 3.1.2 R on the same date. Ends. Date: 13/12/2010 07:05:04 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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