LONMIN PLC - Sibanye-Stillwater Receives South African Reserve Bank Approval for Proposed Acquisition of Lonmin

Release Date: 15/05/2018 11:00
Code(s): LON
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Sibanye-Stillwater Receives South African Reserve Bank Approval for Proposed Acquisition of Lonmin

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")

LEI: 213800FGJZ2WAC6Y2L94


15 May 2018

Sibanye-Stillwater Receives South African Reserve Bank Approval for Proposed Acquisition of

Lonmin Plc (“Lonmin”) notes the news that Sibanye-Stillwater has received the approval of the South
African Reserve Bank, as required in accordance with the Exchange Control Regulations of South
Africa, with respect to the proposed acquisition of Lonmin, which was announced on 14 December
2017 (the “Proposed Transaction”).

The Proposed Transaction remains scheduled for closure during the second calendar half of 2018 and
subject to, inter alia, the passing of the required resolutions by Lonmin and Sibanye-Stillwater
shareholders and the approvals of the competition authorities of the United Kingdom and South Africa.

Ben Magara, CEO of Lonmin said “We are pleased that Sibanye-Stillwater has the approval of the
South African Reserve Bank for the Proposed Transaction. Lonmin is working closely with Sibanye
Stillwater towards completing the Proposed Transaction during the second half of the year as planned.
Lonmin remains committed to its strategy of focusing on operational performance, controlling costs
and preserving cash”.



Investors / Analysts:
Tanya Chikanza                                                +27 83 391 2859/+44 20 3908 1073
(Executive Vice President: Corporate Strategy, Investor
Relations and Corporate Communications)
Andrew Mari (Investor Relations)                             +27 60 564 6419/+27 14 571 2070

Wendy Tlou (Head of Communications)                             +27 83 358 0049
Anthony Cardew, TB Cardew                                       +44 207 930 0777
Tom Allison, TB Cardew                                          +44 7789 998 020


This announcement includes “forward-looking statements” within the meaning of the “safe harbour”
provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”,
“potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or
indicate future events or trends or that are not statements of historical matters. The forward-looking
statements set out in this announcement involve a number of known and unknown risks,
uncertainties and other factors, many of which are difficult to predict and generally beyond the
control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be
materially different from historical results or from any future results expressed or implied by such
forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or circumstances after the date of
this announcement or to reflect the occurrence of unanticipated events, save as required by
applicable law.

Additional Information

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 the laws
of other jurisdictions should inform themselves of, and observe, any applicable requirements. Any
failure to comply with applicable requirements may constitute a violation of the securities law of any
such jurisdiction.
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.
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 Igneous Complex in South Africa, where more than
70% of known global PGM resources are located.

The Company creates value through mining, refining and marketing PGMs and has a vertically
integrated operational structure – from mine to market. Underpinning the operations is the Shared
Services function which provides high quality levels of support and infrastructure across the

For further information please visit our website: http://www.lonmin.com

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


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