19th Feb 2007 07:00
Lonmin PLC19 February 2007 Lonmin Plc Becomes Sole Shareholder of AfriOre Limited Lonmin Plc ("Lonmin") today announces that it has become the sole shareholderof AfriOre Limited ("AfriOre") following the completion of compulsory redemptionproceedings in accordance with the laws of the British Virgin Islands. As described in a notice sent to shareholders of AfriOre on 9 February 2007,AfriOre redeemed all of its issued and outstanding shares that were not held byLonmin for an amount equal to C$8.75 per share. AfriOre has today sent a furthernotice to those former shareholders who have had their shares in the capital ofAfriOre redeemed. This notice provides further information for formershareholders of AfriOre seeking to receive the redemption price, which is beingheld by CIBC Mellon Trust Company as agent for AfriOre. Any questions in thisregard should be directed to CIBC Mellon Trust Company at +1-416-643-5500 or bye-mail at [email protected]. In connection with the redemption, the shares of AfriOre were today delistedfrom the Toronto Stock Exchange. As previously announced, AfriOre has alsorequested the cancellation of its listing on the Alternative Investment Marketof the London Stock Exchange, which is expected to be effective on 28 February2007. Enquiries: Alex Shorland-Ball +44 (0) 20 7201 6060Vice President, Investor Relations & Communications Forward Looking Statements: This announcement may include forward-looking statements. All statements otherthan statements of historical fact included in this announcement, includingwithout limitation those regarding Lonmin's plans, objectives and expectedperformance, are forward-looking statements. Lonmin has based theseforward-looking statements on its current expectations and projections aboutfuture events, including numerous assumptions regarding its present and futurebusiness strategies, operations, and the environment in which it will operate inthe future. Forward-looking statements generally can be identified by the use offorward-looking terminology such as 'ambition', 'may', 'will', 'could', 'would','expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'seek' or'continue', or negative forms or variations of similar terminology. Suchforward-looking statements involve known and unknown risks, uncertainties,assumptions and other factors related to Lonmin, including, among other factors:(1) the risk that the businesses of Lonmin and AfriOre will not be integratedsuccessfully; (2) material adverse changes in economic conditions generally orin relevant markets or industries in particular; (3) fluctuations in demand andpricing in the mineral resource industry and fluctuations in exchange rates; (4)future regulatory and legislative actions and conditions affecting Lonmin's andAfriOre's operating areas or licensing; (5) obtaining and retaining skilledworkers and key executives; and (6) acts of war and terrorism. By their nature,forward-looking statements involve risks, uncertainties and assumptions and manyrelate to factors which are beyond Lonmin's control, such as future marketconditions and the behaviour of other market participants. Actual results maydiffer materially from those expressed in forward-looking statements. Giventhese risks, uncertainties, and assumptions, you are cautioned not to put unduereliance on any forward-looking statements. In addition, the inclusion of suchforward-looking statements should under no circumstances be regarded as arepresentation by Lonmin that Lonmin will achieve any results set out in suchstatements or that the underlying assumptions used will in fact be the case.Other than as required by applicable law or the applicable rules of any exchangeon which Lonmin's securities may be listed, Lonmin has no intention orobligation to update or revise any forward-looking statements included in thisannouncement after the release of this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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