29th Jan 2007 07:02
Lonmin PLC29 January 2007 Acquisition of AfriOre - Offer Successful Lonmin Plc (''Lonmin'') today announces that the conditions of its offer (the"Offer") to acquire all of the issued and outstanding common shares (the"Shares") in the capital of AfriOre Limited ("AfriOre") for cash considerationof C$8.75 per Share have been complied with or waived. Lonmin has been advised that, as of 5:00 p.m. (Toronto time) on January 26,2007, approximately 49.4 million Shares, representing approximately 94% of theaggregate number of Shares issued and outstanding and approximately 87% of theShares on a fully diluted basis, have been tendered (or guaranteed for delivery)to the Offer. Lonmin has taken up these Shares and will pay for such Shares byJanuary 31, 2007. In order to permit shareholders of AfriOre who have not had the opportunity totender their Shares (and be paid the consideration) under the Offer to do so,Lonmin has extended the Offer to 1:00 p.m. (Toronto time) on February 8, 2007. Anotice of extension has been mailed out to shareholders today. For further information about tendering procedures or the Lonmin offer,shareholders of AfriOre may contact Innisfree M&A Incorporated at 1-888-750-5834(English speakers in Canada and U.S.), 1-877-825-8777 (French speakers in Canadaand U.S.) or 00800-7710-9970 (from the United Kingdom and other European Unioncountries as well as Switzerland and Norway). Banks and brokers may call collectat 1-212-750-5833. Enquiries: Alex Shorland-Ball +44 (0) 20 7201 6060Vice President, Investor Relations & Communications Forward Looking Statements: This announcement includes forward-looking statements. Information contained inthis announcement relating to AfriOre has been compiled from public sources. Allstatements other than statements of historical fact included in thisannouncement, including without limitation those regarding Lonmin's plans,objectives and expected performance, are forward-looking statements. Lonmin hasbased these forward-looking statements on its current expectations andprojections about future events, including numerous assumptions regarding itspresent and future business strategies, operations, and the environment in whichit will operate in the future. Forward-looking statements generally can beidentified by the use of forward-looking terminology such as 'ambition', 'may','will', 'could', 'would', 'expect', 'intend', 'estimate', 'anticipate','believe', 'plan', 'seek' or 'continue', or negative forms or variations ofsimilar terminology. Such forward-looking statements involve known and unknownrisks, uncertainties, assumptions and other factors related to Lonmin,including, among other factors: (1) the risk that the businesses of Lonmin andAfriOre will not be integrated successfully; (2) material adverse changes ineconomic conditions generally or in relevant markets or industries inparticular; (3) fluctuations in demand and pricing in the mineral resourceindustry and fluctuations in exchange rates; (4) future regulatory andlegislative actions and conditions affecting Lonmin's and AfriOre's operatingareas; (5) obtaining and retaining skilled workers and key executives; and (6)acts of war and terrorism. By their nature, forward-looking statements involverisks, uncertainties and assumptions and many relate to factors which are beyondLonmin's control, such as future market conditions and the behaviour of othermarket participants. Actual results may differ materially from those expressedin forward-looking statements. Given these risks, uncertainties, andassumptions, you are cautioned not to put undue reliance on any forward-lookingstatements. In addition, the inclusion of such forward-looking statements shouldunder no circumstances be regarded as a representation by Lonmin that Lonminwill achieve any results set out in such statements or that the underlyingassumptions used will in fact be the case. Other than as required by applicablelaw or the applicable rules of any exchange on which Lonmin's securities may belisted, Lonmin has no intention or obligation to update or revise anyforward-looking statements included in this announcement after the release ofthis announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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