5th Aug 2013 12:30
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
REGULATORY RELEASE
5 August 2013
Notification of Directors' and PDMRs' shareholdings pursuant to Disclosure and Transparency Rule 3.1.4
Lonmin Plc (the "Company") announces that it received notification on 2 August 2013 from the Trustee of the Lonmin Employee Benefit Trust that awards made on 2 August 2010 under the Long Term Incentive Plan to the PDMRs listed below vested to the extent of 50%, resulting in the release, sale and retention of shares as detailed below, all of which occurred on 2 August 2013.
The other 50% of each award was subject to a performance condition combining three years' corporate performance (as measured in the Balanced Scorecard annual bonus plan) with Total Shareholder Return relative to the median of a PGM mining peer group (as detailed in the Company's annual report), which was not met. This portion of each award has therefore lapsed.
The Company was also notified on the same date by the PDMRs of the same information in discharge of their obligations under Rule 3.1.2 of the Disclosure and Transparency Rules.
Name of PDMR | Total no. of shares awarded | No of shares over which award lapsed | No. of shares vested | No. of shares sold (in London) | No. of shares retained | Sale price (GBp) |
Albert Jamieson
| 24,490 | 12,244 | 12,246 | 4,911 | 7,335 | 313.873 |
Barnard Mokwena
| 20,112 | 10,056 | 10,056 | 10,056 | - | 313.873 |
Mark Munroe
| 23,464 | 11,731 | 11,733 | 4,705 | 7,028 | 313.873 |
Natascha Viljoen
| 16.892 | 8,446 | 8,446 | 3,387 | 5,059 | 313.873 |
- ENDS -
ENQUIRIES
Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations)
Ruli Diseko | +27 11 218 8358 / +44 20 7201 6007 +27 11 218 8300 |
Media:
Cardew Group
Anthony Cardew/James Clark
| +44 20 7930 0777 |
Sue Vey | +27 72 644 9777 |
Brunswick - Johannesburg
Itumeleng Mahabane/ Tim Schultz | +27 11 502 7400 / +27 82 309 2496 |
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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