26th Nov 2013 12:31
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
REGULATORY RELEASE
26 November 2013
Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities
Pursuant to DTR 3.1.4 R, Lonmin Plc (the "Company") confirms that Ben Magara and Simon Scott, Directors of the Company and Chief Executive Officer and Chief Financial Officer respectively, purchased Ordinary Shares of $1 each in the capital of the Company as detailed below:
Name of director | Date of purchase | Date of notification | Number of shares | Purchase per share | Location of transaction | Total number of shares held after purchase
|
Simon Scott
| 22/11/2013 | 25/11/2013 | 16,405 | R51.81 | Johannesburg | 26,405
|
Ben Magara
| 26/11/2013 | 26/11/2013 | 4,152 | R50.20 | Johannesburg | 29,152 |
Mr Magara and Mr Scott elected to invest 25% of their net annual bonus paid under the Balanced Scorecard Bonus Plan for the financial year ended 30 September 2013 in Lonmin shares.
Further information regarding the bonus plan will be available in the Company's 2013 Annual Report & Accounts, due to be published on 16 December 2013.
-ENDS -
ENQUIRIES
Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations) | +27 11 218 8358 / +44 20 7201 6007 |
Media:
Cardew Group
James Clark | +44 20 7930 0777 |
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 Complex in South Africa, where nearly 80% of known global PGM resources are found.
The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure - from mine to market. Lonmin's mining operations extract ore from which the Process Division produces refined PGMs for delivery to customers. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
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