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LONMIN PLC - Public dealing disclosure

Release Date: 13/12/2018 16:10
Code(s): LON     PDF:  
Wrap Text
Public dealing disclosure

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 : GB00BYSRJ698 ("Lonmin")


FORM 8 (DD)

 PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN
    CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY
                             INVESTMENT CLIENTS)
            Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)

1.       KEY INFORMATION

(a) Full name of discloser:                                     Ben Magara

(b) Owner or controller of interests and short
    positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is
    insufficient. For a trust, the trustee(s), settlor and
    beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose                Lonmin Plc
    relevant securities this form relates:
    Use a separate form for each offeror/offeree
(d) Status of person making the disclosure:                     Person acting in concert with the
    e.g. offeror, offeree, person acting in concert with        offeree (Lonmin)
    the offeror/offeree (specify name of offeror/offeree)
(e) Date dealing undertaken:                                    12 December 2018

(f) In addition to the company in 1(c) above, is the            No
    discloser making disclosures in respect of any
    other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”

2.       POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree
         to which the disclosure relates following the dealing

Class of relevant security:

                                                   Interests                  Short positions
                                                Number             %          Number          %
(1) Relevant securities owned                    30,836          0.011
    and/or controlled:
(2) Cash-settled derivatives:

(3) Stock-settled derivatives
    (including options) and
    agreements to purchase/sell:
                                                 30,836          0.011
      TOTAL:

All interests and all short positions should be disclosed.


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Details of any open stock-settled derivative positions (including traded options), or
agreements to purchase or sell relevant securities, should be given on a Supplemental
Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements
should be disclosed on a Supplemental Form 8 (SBL).

(b)       Rights to subscribe for new securities (including directors’ and other employee
          options)

Class of relevant security      Ordinary Shares of $0.0001 each
in relation to which
subscription right exists:
Details, including nature       Options to acquire under an agreement with Lonmin Plc
of the rights concerned
and relevant percentages:        Name of     Grant       Number       Vesting     Subscription
                                 Scheme      Date        of           date        price (£)
                                                         securities
                                 ASAP        09.12.13    2,622        09.12.16    Nil

                                             10.01.17    240,027      10.01.20    Nil

                                             27.03.18    370,994      27.03.21    Nil

                                             12.12.18    924,621      12.12.21    Nil
                                 Long        13.04.17    597,015      13.04.22    Nil
                                 Term
                                 Incentive
                                 Plan




3.        DEALINGS BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class
of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)       Purchases and sales

(i)       Party to an offer or person acting in concert (except for a principal trader in the
          same group as a connected adviser)

  Class of relevant         Purchase/sale               Number of               Price per unit
      security                                          securities



(ii)      Principal trader where the sole reason for the connection is that the principal
          trader is in the same group as a connected adviser

       Class of        Purchases/        Total number        Highest price        Lowest price
       relevant          sales           of securities          per unit             per unit
       security                                              paid/received        paid/received




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(b)       Cash-settled derivative transactions

       Class of       Product             Nature of dealing           Number of       Price per
       relevant      description        e.g. opening/closing a        reference          unit
       security       e.g. CFD            long/short position,        securities
                                        increasing/reducing a
                                           long/short position



(c)       Stock-settled derivative transactions (including options)

(i)       Writing, selling, purchasing or varying

 Class        Product        Writing,       Number       Exercise        Type      Expiry    Option
   of        description   purchasing,          of        price           e.g.      date     money
relevant       e.g. call     selling,      securities    per unit      American,              paid/
security        option     varying etc.     to which                   European             received
                                             option                       etc.              per unit
                                             relates



(ii)      Exercise

       Class of         Product            Exercising/            Number of        Exercise price
       relevant       description           exercised             securities          per unit
       security      e.g. call option        against



(d)       Other dealings (including subscribing for new securities)

Class of relevant           Nature of dealing                    Details       Price per unit (if
     security         e.g. subscription, conversion                                applicable)
Ordinary Shares of                                      Award over 924,621     Nil
$0.0001 each          Award of share options            shares under the
                                                        Lonmin Plc Annual
                                                        Share Award Plan


4.        OTHER INFORMATION

(a)       Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the party to the offer or person acting in concert
making the disclosure and any other person:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state “none”

None


(b)       Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between


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the party to the offer or person acting in concert making the disclosure and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
     any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”

None


(c)    Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)                                              NO

Supplemental Form 8 (SBL)                                                         NO



Date of disclosure:                            13 December 2018

Contact name:                                  Seema Kamboj

Telephone number:                              +44 (0)20 3908 1070


Public disclosures under Rule 8 of the Code must be made to a Regulatory Information
Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s
dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.



JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd




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