5th Jun 2009 11:09
5 JUNE 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY LONMIN PLC IN CONNECTION WITH THE RIGHTS ISSUE. COPIES OF THE PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE COMPANY'S REGISTERED OFFICE.
LONMIN PLC
SUCCESSFUL COMPLETION OF RIGHTS ISSUE AND PLACING OF RUMP
On 4 June 2009, Lonmin Plc ("Lonmin" or "the Company") announced that, as at 11.00 a.m. (UK time) on 3 June 2009, being the latest date of receipt of valid acceptances, it had received valid acceptances in respect of 33,801,585 New Shares, representing approximately 96.38% of the total number of New Shares offered to Shareholders, pursuant to the 2 for 9 Rights Issue announced by the Company on 11 May 2009.
Lonmin Plc confirms that Citigroup Global Markets U.K. Equity Limited and J.P. Morgan Cazenove Limited have procured acquirers for the 1,270,544 New Shares for which valid acceptances were not received, at an average price of 1433.01 pence per share.
The net proceeds from the sale of these New Shares, after deduction of the Issue Price of 900 pence (or ZAR 113.04, as the case may be) per New Share and relevant costs (including any related brokerage and commissions and amounts in respect of VAT which are not recoverable), will be paid to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 (or its equivalent in ZAR, as the case may be) will not be so paid but will be retained for the Company's own benefit.
Defined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 11 May 2009.
Contacts:
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Lonmin |
Tel: +44 (0)20 7201 6052 |
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Rob Bellhouse, Company Secretary |
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Citi (Joint UK Sponsor and Joint Bookrunner) |
Tel: +44 (0)20 7986 4000 |
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David Wormsley |
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Jan Skarbek |
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Citi (Joint Corporate Broker) |
Tel: +44 (0)20 7986 4000 |
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Tom Reid |
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Andrew Forrester |
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Citi (JSE Transaction Sponsor) |
Tel: +27 (0)11 944 1000 |
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Sean Wegerhoff |
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J.P. Morgan Cazenove (Joint UK Sponsor, Joint Bookrunner And Joint Corporate Broker) |
Tel: +44 (0)20 7588 2828 |
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Michael Wentworth-Stanley |
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Jonathan Wilcox |
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Matthew Lawrence |
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Cardew Group |
Tel: +44 (0)20 7930 0777 |
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Anthony Cardew |
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Rupert Pittman |
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Financial Dynamics |
Tel: +27 (0)21 487 9000 |
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Dani Cohen |
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Ravin Maharaj |
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Disclaimer
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.
This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Share Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. Copies of the prospectus are available at Lonmin plc's registered office.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered in the United States absent registration or an exemption from, or in transactions not subject to, the registration requirements of the Securities Act. There will be no public offer of the securities referred to herein in the United States.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd., each of which is regulated and authorised in the United Kingdom by the FSA, are acting exclusively for the Company and for no-one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue, the contents of this announcement and the accompanying documents or any matters or arrangements referred to herein or therein.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd. may, subject to the terms of the Underwriting Agreement and in accordance with applicable legal and regulatory provisions, engage in transactions in relation to the Nil Paid Rights, the Fully Paid Rights, the New Shares and/or related instruments for their own account for the purpose of hedging their underwriting exposure or otherwise. Except as required by applicable law or regulation none of Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd. propose to make any public disclosure in relation to such transactions.
Ends
Related Shares:
Lonmin