Wrap Text
Successful completion of rights issue and placing of RUMP
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")
SUCCESSFUL COMPLETION OF RIGHTS ISSUE AND PLACING OF RUMP
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE THE
RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT IS NOT PERMITTED BY
APPLICABLE LAW OR REGULATION
On 11 December 2012, Lonmin Plc ("Lonmin" or "the Company") announced that, as at 11.00
a.m. (UK time) on 10 December 2012, being the latest time and date for receipt of valid
acceptances, it had received valid acceptances in respect of 354,416,422 New Shares,
representing approximately 96.97 per cent of the total number of New Shares offered to
Shareholders, pursuant to the Rights Issue announced by the Company on 9 November 2012.
Lonmin confirms that Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities
plc and Standard Bank Plc have procured acquirers for the 11,080,521 New Shares for which
valid acceptances were not received at a price of 272 pence per share, equivalent to ZAR
38.0025 per share at the time of sale.
Accordingly, none of Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities
plc, Standard Bank Plc or the other Underwriters, as underwriters pursuant to the Underwriting
Agreement, will be required to subscribe for any New Shares under the terms of the
Underwriting Agreement.
The net proceeds from the sale of these New Shares, after deduction of the UK Issue Price of
140 pence (or its equivalent in ZAR at the time of sale, as the case may be) per New Share and
the related expenses of procuring subscribers (including any applicable brokerage and other
commissions and any amounts attributable to VAT and currency conversion costs), will be paid
to those Qualifying Shareholders whose rights have lapsed in accordance with the terms of the
Rights Issue, pro rata to their lapsed provisional allotments, save that, in accordance with the
terms of the Rights Issue, individual amounts of less than GBP 5.00 (or the equivalent in ZAR,
calculated using the foreign exchange rate at the date of payment but which would have been
approximately ZAR69.67 based on the spot exchange rate at the close of business on
10 December 2012) will not be so paid but will be retained for the Company's own benefit.
Capitalised terms used and not defined in this announcement shall have the same meanings as
in Part XIV (Definitions and Glossary) of the prospectus relating to the Rights Issue dated
9 November 2012.
Enquiries:
Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations)
+27 11 218 8300 /
+44 20 7201 6007
Ruli Diseko (Investor Relations Manager)
+27 11 218 8373
Media:
Cardew Group
James Clark / Emma Crawshaw
+44 20 7930 0777
Sue Vey
+27 72 644 9777
Brunswick – Johannesburg
Cecilia de Almeida
+27 11 502 7400 /
+27 83 325 9169
11 December 2012
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Notes to editors
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock
Exchange, is one of the world's largest primary producers of PGMs. These metals are essential
for many industrial applications, especially catalytic converters for internal combustion engine
emissions, as well as their widespread use in jewellery.
Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of
known global PGM resources are found.
The Company creates value for shareholders through mining, refining and marketing PGMs and
has a vertically integrated operational structure - from mine to market. Lonmin's mining
operations extract ore from which the Process Division produces refined PGMs for delivery to
customers. Underpinning the operations is the Shared Services function which provides high
quality levels of support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
Disclaimer
This announcement is an advertisement and not a prospectus and investors should not
subscribe for or purchase any securities referred to in this announcement except on the basis of
information contained in the prospectus dated 9 November 2012 published by the Company in
connection with the Rights Issue. Copies of the prospectus may be obtained from the
Company’s registered office, via the National Storage Mechanism and on the Company’s
website subject to certain restrictions. The prospectus does not constitute an offer to sell or a
solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation
is unlawful.
This announcement does not constitute, or form part of, any offer or invitation to purchase,
otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any
offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any
security in the capital of the Company in any jurisdiction. Any decision to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any New Shares should only be made on the
basis of information contained in and incorporated by reference into the Prospectus which
contains further details relating to the Company in general as well as a summary of the risk
factors to which an investment in the New Shares is subject. Nothing in this announcement
should be interpreted as a term or condition of the Rights Issue.
This announcement and the information contained herein is not an offer of securities for sale in
the United States. The securities referred to in this announcement have not been and will not
be registered under the US Securities Act of 1933 (the "Securities Act"), or with any securities
regulatory authority of any State or other jurisdiction of the United States and may not be
offered, sold, resold, pledged, taken up, exercised, renounced or otherwise delivered,
distributed or transferred, directly or indirectly, into or within the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and in compliance with any applicable securities laws of any
State or other jurisdiction of the United States. No public offering of any securities of the
Company will be made in the United States. No money, securities or other consideration from
any person inside the United States is being solicited and, if sent in response to the information
contained in this announcement, will not be accepted.
This announcement does not constitute an offer of New Shares to any person with a registered
address in, or who is resident in, Australia, Canada or Japan. The New Shares have not been and
will not be registered under the relevant laws of any state, province or territory
of Australia, Canada or Japan. Subject to certain limited exceptions, neither the Prospectus nor
this announcement will be distributed in or into Australia, Canada or Japan. The release,
publication or distribution of this announcement in certain jurisdictions may be restricted by
law and therefore persons in such jurisdictions into which this announcement is released,
published or distributed should inform themselves about and observe such restrictions.
Each of Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, Standard
Bank Plc and the other Underwriters, each of which (save as described in the part of the
Prospectus entitled "Important Information") is authorised and regulated in the United
Kingdom by the FSA, is acting solely for Lonmin and no one else in connection with the Rights
Issue and will not regard any other person (whether or not a recipient of this announcement) as
a client in relation to the Rights Issue and will not be responsible to anyone other than Lonmin
for providing the protections afforded to their respective clients nor for giving advice in
connection with the Rights Issue or any other transaction, arrangement or matter referred to in
this announcement.
This announcement has been issued by, and is the sole responsibility of Lonmin. Apart from the
responsibilities and liabilities, if any, which may be imposed on the Underwriters under FSMA
or the regulatory regime established thereunder, none of the Underwriters accepts any
responsibility or liability whatsoever and makes no representation or warranty, express or
implied, in relation to the contents of this announcement, including its accuracy, completeness
or verification or for any other statement made or purported to be made by them, or on their
behalf, in connection with Lonmin, the New Shares or the Rights Issue. The Underwriters
accordingly disclaim to the fullest extent permitted by law all and any responsibility and
liability, whether arising in tort, contract or otherwise, which they might otherwise be found to
have in respect of this announcement or any such statement.
Neither the content of the Company's website (or any other website) nor the content of any
website accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.
Date: 11/12/2012 01:40:00 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.
Sharenet Sites 
