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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" or the 'Company')
THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE,
PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF AMERICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.
9 December 2015
South African corporate action information relating to the Consolidation of Lonmin Ordinary
shares as set out in Prospectus published on 9 November 2015 (the 'Prospectus')
Definitions used in the Prospectus shall have the same meanings when used in this announcement,
unless the context requires otherwise.
The Consolidation will change only the nominal value of Shares and the total number of Shares in
issue (subject to the treatment of fractions arising from the Consolidation, as discussed below). In
addition, each Intermediate Ordinary Share and each Consolidated Ordinary Share will carry the
same rights as set out in the Articles of Association that apply to the Existing Shares (including in
relation to voting, dividends and rights on a return of capital), save as to the nominal value.
The number of ordinary shares of Lonmin listed on the Official List and admitted to trading on the
London Stock Exchange's main market for listed securities and listed and admitted to trading on the
Main Board of the JSE will change as a result of the Consolidation. Applications have been made to
the FCA, the London Stock Exchange and the JSE Ltd to reflect the Consolidation on the Official List
and the JSE's Main Board, which will become effective at 9.00 a.m. (Johannesburg time) on 18
December 2015 and trade under ISIN: GB00BYSRJ698.
Where the Consolidation Ratio results in any Shareholder being entitled to a fraction of a
Consolidated Ordinary Share, that Shareholder's shareholding would still be consolidated, and this
will result in them no longer being a member of Lonmin in relation to that fractional holding.
Arrangements will be put in place for any such fractional entitlements arising from the Consolidation
to be aggregated and sold in the market on behalf of the relevant Shareholders. It is expected that
proceeds of fractional entitlements will be distributed to Shareholders by 31 December 2015.
For purely illustrative purposes, an example of the effect of the Consolidation is set out below:
Intermediate ordinary share Consolidated Ordinary Share Fractional Entitlement (1)
1 0 0.01
99 0 0.99
100 1 0.00
150 1 0.50
1,000 10 0.00
46,521 465 0.21
100,000 1000 0.00
(1) The fractional entitlement represents the fraction of a Share which will be sold on behalf of a relevant Shareholder at the
time of the Consolidation.
Although Shareholders will hold fewer ordinary shares than before, their shareholding as a proportion
of the total number of ordinary shares in issue and therefore their ownership in Lonmin, will be the
same before and after the Consolidation, subject to adjustments to reflect fractional entitlements
arising from the Consolidation and the Rights Issue.
TIMETABLE OF EVENTS IN SOUTH AFRICA
5:00 p.m. on
Last day to trade for the Consolidation .................................................................................. 17 December 2015
9:00 a.m. on
Effective time of the Consolidation ........................................................................................ 18 December 2015
5:00 p.m. on
Record date for the Consolidation ......................................................................................... 24 December 2015
9:00 a.m. on
Consolidated Shares credited to CSDP or broker accounts .................................................. 28 December 2015
Expected despatch of the definitive share certificates for the by 29 December 2015
Consolidated Shares .............................................................................................................
Proceeds from sales of fractional entitlements credited to CSDP By 31 December 2015
accounts and despatched to Shareholders holding shares in certificated
form
(1) References to times in this timetable are to Johannesburg time.
(2) On the effective date of the Consolidation the ordinary shares will cease to trade under the existing ISIN number and will trade
under the new ISIN GB00BYSRJ698
ENQUIRIES
Investors / Analysts:
Lonmin
Tanya Chikanza +44 20 7201 6007
+27 11 218 8358
Media:
Cardew Group
Anthony Cardew / James Clark +44 20 7930 0777
Sue Vey +27 60 523 7953
IMPORTANT NOTICES
This announcement has been issued by, and is the sole responsibility of, Lonmin.
This announcement is not an offer to sell or a solicitation of any offer to buy the securities of
Lonmin in Australia, Canada, Japan, the United States of America or in any other jurisdiction
where such offer or sale would be unlawful or to any person to whom it would be unlawful to
make such offer or solicitation.
The information contained in this announcement is not for release, publication or distribution to
persons in the United States of America or any Excluded Territory and should not be distributed,
forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation
of the securities laws or regulations of such jurisdiction. There will be no public offer of Lonmin
securities in the United States of America or any Excluded Territory. The distribution of this
announcement and/or the Prospectus and/or Lonmin securities into jurisdictions other than the
United Kingdom and South Africa may be restricted by law, and, therefore, persons into whose
possession this announcement and/or the information contained herein and/or the Prospectus
and/or the Provisional Allotment Letter and/or the Form of Instruction comes should inform
themselves about and observe any such restrictions. Any failure to comply with any such
restrictions may constitute a violation of the securities laws of such jurisdiction.
The securities of Lonmin have not been and will not be registered under the US Securities Act of
1933 (the "US 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 US Securities Act and in compliance with any applicable
securities laws of any State or other jurisdiction of the United States.
Neither the content of the Company's website nor any website accessible by hyperlinks on the
Company's website is incorporated in, or forms part of, this announcement.
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
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Date: 09/12/2015 12:51:00 Supplied by www.sharenet.co.za
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