23rd May 2007 11:08
Lonmin PLC23 May 2007 23 MAY 2007 Notification of director's shareholding pursuant to Disclosure andTransparency Rule 3.1.4 Lonmin announces that pursuant to a three year Co-Investment Plan enteredinto under the Shareholder Value Incentive Plan ("SVIP") with Mr Brad Millsdated 19 May 2004, 124,362 ordinary shares in Lonmin were issued to Mr Millson 21 May 2007, for which Mr Mills had previously provided subscription moniesof £1,205,994. Of these shares, 51,117 shares were immediately sold at aprice of 3957p per share to cover Mr Mills' liability for income tax andnational insurance contributions. The remaining 73,245 shares have beenretained by Mr Mills. The performance condition relating to the corresponding matched award grantedunder the 2004 Co-Investment Plan of 104,869 shares was satisfied to the extentof 95,505 shares (the "Matched Award"). Mr Mills has elected to defer the vesting of this Matched Award, which he istreated as having invested for the purposes of the SVIP and as approved byshareholders at the 2007 AGM, a further conditional award was granted to MrMills on 21 May 2007 over a maximum of 126,360 shares (the "New Award"). Asummary of the performance condition was included in the Notice of Meeting forthe 2007 AGM and can be accessed on the Lonmin website (www.lonmin.com). The Company was notified on 22 May 2007 by Mr Mills of the above interests,such notification having been made under Rule 3.1.2 of the Disclosure andTransparency Rules. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonmin