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LAF - Lonrho Plc - Update on placing

Release Date: 25/05/2011 14:00
Code(s): LAF
Wrap Text

LAF - Lonrho Plc - Update on placing Lonrho Plc (Formerly Lonrho Africa Plc) (Incorporated and registered in England and Wales) (Registration number 2805337) (Share code: LAF; ISIN number: GB0002568813) ("Lonrho" or "the Company") UPDATE ON PLACING NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Update on placing On 20 May 2011 Lonrho announced a placing of up to 118,000,000 new ordinary shares in the capital of the Company at 16.5 pence per share ("Placing") to raise gross proceeds of GBP19.5 million. The Placing was limited to 118,000,000 new shares in the capital of Lonrho ("Placing Shares") representing approximately 9.99 per cent. of the current issued share capital of Lonrho. Lonrho is now pleased to confirm that 118,000,000 Placing Shares have been placed. It is expected that Admission will take place and that dealings in the Placing Shares will begin on 26 May 2011. Enquiries Lonrho Plc +44 (0) 20 7016 5105 David Lenigas Geoffrey White David Armstrong Panmure Gordon +44 (0) 20 7459 3600 Tim Linacre Dominic Morley Adam Pollock Hannah Woodley Pelham Bell Pottinger +44 (0) 20 7861 3126 Charles Vivian Important Information Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Lonrho Plc and for no one else in connection with the Placing and will not be responsible to anyone other than Lonrho for providing the protections afforded to clients of Panmure Gordon (UK) Limited or for affording advice in relation to the Placing, or any other matters referred to herein. 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 securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. The Placing Shares are being offered and sold outside the United States only in offshore transactions in accordance with Regulation S under the Securities Act. No public offering of the Placing Shares is being made in the United States. Persons receiving this announcement (including custodians, nominees and trustees) must not forward, distribute, mail or otherwise transmit it in or into the United States or use the United States mails, directly or indirectly, in connection with the Placing. 25 May 2011 South African sponsor to Lonrho Plc Java Capital Date: 25/05/2011 14:00:06 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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