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

Release Date: 07/12/2011 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") 6 December 2011 Notification of Directors` and PDMRs` share dealings pursuant to DTR 3.1.4 R Lonmin Plc (the "Company") was notified on 5 December 2011 by the Trustee of the Lonmin Employee Benefit Trust that the awards made on 2 December 2008 under the Deferred Annual Bonus Plan reached their maturity on 2 December 2011. As a consequence: (1) The participants` Invested Shares (being ordinary shares of $1 each in the Company purchased in December 2008) were transferred into their own names on 5 December 2011; (2) The shares comprised in the 1:1 Matched Awards (on an after-tax basis) lapsed in full. These Awards were subject to a performance condition comprising two independent parts: * 50% was subject to Lonmin TSR relative to a group of 20 mining and metals companies over the three years ending 31 October 2011, in each case normalised into US dollars. The Company finished below median and this portion of the Matched Awards lapsed. * The other 50% was subject to a share price test over the three years ending 31 October 2011. The Company finished below the threshold level and this portion of the Matched Awards also lapsed. Director/PDMR Invested No. of shares No. of shares Shares released granted under lapsed under
from trust Matched Award Matched Award Ian Farmer 5,801 9,296 9,296
Albert Jamieson 4,549 7,635 7,635 Mark Munroe 717 1,203 1,203
The Company was also notified of the same information by the individuals concerned in discharge of their obligations under DTR 3.1.2 R on the same date. END Date: 07/12/2011 07:05:32 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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