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LAF - Lonrho Plc - Grant of options Lonrho Plc (Incorporated and registered in England and Wales) (Registration number 2805337) (Share code: LAF ISIN number: GB0002568813) ("Lonrho" or "the Company") GRANT OF OPTIONS The Board of Lonrho announces today the grant by the Company on 4th August 2011 of options over, in aggregate, 39,000,000 ordinary shares of 1p each in the share capital of the Company to Directors, senior consultant and senior management. The grants to Directors are as follows:
No. of share Terms of option awards Name options to be granted One Third One Third One Third
David Lenigas 10,000,000 Exercisable Exercisable Exercisable Executive from: 4th from: 4th from: 4th August Chairman August 2012 to August 2013 to 2014 to 3rd 3rd August 3rd August August 2016
2016 2016 Exercise Exercise Price: Price: Mid Exercise 25p market price Price: 22p
at close on 3rd August 2011 +10%
Geoffrey 10,000,000 Exercisable Exercisable Exercisable WhiteDirector from: 4th from: 4th from: 4th August and CEO August 2012 to August 2013 to 2014 to 3rd 3rd August 3rd August August 2016
2016 2016 Exercise Price: Exercise Exercise 25p Price: Mid Price: 22p
market price at close on 3rd August 2011 +10%
David 6,000,000 Exercisable Exercisable Exercisable Armstrong from: 4th from: 4th from: 4th August Director August 2012 to August 2013 to 2014 to 3rd 3rd August 3rd August August 2016 2016 2016 Exercise Price: Exercise Exercise 25p
Price: Mid Price: 22p market price at close on 3rd August
2011 +10% The grant of options was carefully considered by the Remuneration Committee and was made under the Company`s Unapproved Share Option Plan. The grant of options represent, in aggregate, 3.00% of the Company`s existing issued share capital. The terms and conditions of options remain the same as previously announced options. The mid market price on 3rd August 2011 was 16.75p resulting in an option price (with an uplift of 10%) of 18.4p for senior management and also for the first third of options granted to Executive Directors and a senior consultant. The Board considers that the award of these options is in line with the Company`s policy of providing incentives to the senior management of the Group to achieve its continued growth as a substantial business investing across Africa. 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 3232 Charles Vivian James MacFarlane South African sponsor Java Capital 4 August 2011 Date: 04/08/2011 16:00:57 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.
