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LONRHO PLC - Rule 2.10 Announcement

Release Date: 29/05/2013 16:16
Code(s): LAF     PDF:  
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Rule 2.10 Announcement

Lonrho Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(JSE share code: LAF; ISIN number: GB0002568813)
(“Lonrho” or “the Company”)
Primary listing on the LSE and secondary listing on the AltX of the JSE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY
(IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.

29 May 2013


RULE 2.10 ANNOUNCEMENT


In accordance with Rule 2.10 of the UK City Code on Takeovers and Mergers, the Company confirms
that it has 1,673,415,048 Ordinary Shares of 1p each in issue admitted to the Official List (premium
segment) and to trading on the London Stock Exchange’s Main Market for listed securities under the
ISIN GB0002568813 (the “Ordinary Shares”). The Company also maintains a secondary listing on
the AltX (Alternative Exchange) of the Johannesburg Stock Exchange and has American Depository
Receipts traded on the OTC QX International Exchange in the United States under the ISIN
US5433771053. Each American Depositary Receipt represents 100 Ordinary Shares of 1p each in the
Company.

In addition the Company has US$70,000,000 7 per cent. Guaranteed Convertible Bonds due 2015
admitted to the official list of the Luxembourg Stock Exchange and admitted to trading on the Euro
MTF Market of the Luxembourg Stock Exchange under the ISIN XS0549738531 (the “Convertible
Bonds”). The Convertible Bonds are convertible into preference shares of LAH Jersey Limited at the
holders’ option which are exchangeable into Ordinary Shares.

In addition the Company has granted 10,000,000 warrants to subscribe for 10,000,000 new ordinary
shares at an exercise price of 10p per unit with an expiry date of 29 May 2015.

A copy of this announcement will be available at www.lonrho.com. The content of the website referred
to in this announcement is not incorporated into and does not form part of this announcement.

For further information:

Lonrho Plc (London)                                                    +44(0) 20 7016 5105
Geoffrey White
David Armstrong

Jefferies International Limited                                        +44 (0) 20 7029 8000
Sara Hale / Andrew Bell / Michael Collinson / Harry Nicholas

JSE Sponsor                                                                +27 11 283 0089
Java Capital

Jefferies International Limited, which is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively for Lonrho and for no one else in connection with
the subject matter of this announcement and will not be responsible to anyone other than Lonrho for
providing the protections afforded to its clients or for providing advice in connection with the subject
matter of this announcement.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted
by law. Persons who are not resident in the United Kingdom or who are subject to other jurisdictions
should inform themselves of, and observe, any applicable requirements.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or
the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of,
any securities whether pursuant to this announcement or otherwise. The distribution of this
announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore
persons into whose possession this announcement comes should inform themselves about, and observe
such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities
law of any such jurisdiction.

Disclosure requirements of the Takeover Code (the “Code”)

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant
securities of an offeree company or of any paper offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer period and, if later, following
the announcement in which any paper offeror is first identified. An Opening Position Disclosure must
contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position
Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London
time) on the 10th business day following the commencement of the offer period and, if appropriate, by
no later than 3.30 pm (London time) on the 10th business day following the announcement in which
any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree
company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must
instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of
relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if
the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing
Disclosure must contain details of the dealing concerned and of the person’s interests and short
positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8.
A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm
(London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or
informal, to acquire or control an interest in relevant securities of an offeree company or a paper
offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and
Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position
Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the
Takeover Panel’s website at www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was first identified. You
should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as
to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Date: 29/05/2013 04:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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