23rd Aug 2006 09:55
Lonrho Africa PLC23 August 2006 For Immediate Release Lonrho Africa Plc ("Lonrho Africa" or the "Company") Lonrho Africa Completes second tranche Placing of £5.82 million Admission of Ordinary Shares The Board of Lonrho Africa is pleased to announce that the Company has raised anadditional £5.82 million gross (£5.67 million net of expenses) following thecompletion of its second tranche fundraising by way of a placing of 20,796,373new ordinary shares of 1 pence each in the share capital of the Company("Placing Shares") at 28 pence per Placing Share with select institutions("Placing"). This follows the placing of 45,860,628 new ordinary sharescompleted earlier this month that raised £12.84 million gross. The Placing willsupport the Company's strategy set out at the EGM held in February 2006 byproviding a balance of funds for investments in Africa. The Placing Shares will represent approximately 9.3 per cent. of the Company'senlarged issued share capital and application will be made for the admission ofthe Placing Shares to trading on AIM. It is expected that dealings in thePlacing Shares will commence at 8.00 a.m. on 30 August 2006. The total number ofshares in issue following completion of the Placing will be 224,229,089. For further information, please contact: Lonrho Africa Plc +44 (0)20 7016 5100David Lenigas - Joint Executive Chairman +44 (0)7881 825 378Emma Priestley - Executive Director +44 (0)7867 785 177 Strand Partners Limited +44 (0)20 7409 3494Matthew Chandler Cardew Group +44 (0)20 7930 0777Nadja Vetter +44 (0)7941 340 436Eden Mendel +44 (0)7887 676 603Emma Consett +44 (0)7971 468 308 LONRHO AFRICA Lonrho Africa is in the process of re-establishing a significant presence on theAfrican Continent. The new investment and acquisition strategy, adoptedfollowing the appointment of David Lenigas as Chief Executive in December 2005,will focus on the natural resources, infrastructure, leisure and agribusinesssectors. Lonrho Africa has considerable experience across these industries in awide range of countries. Recently, the Company announced investments in BrinkleyMining Plc, Nare Diamonds Ltd and Luba Freeport Ltd in Equatorial Guinea. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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