9th Jan 2012 16:02
9 January 2012
Notification of Directors' and PDMRs' share dealings pursuant to DTR 3.1.4 R
Lonmin Plc (the "Company") confirms that the award for 15,718 shares in the Company granted to Ian Farmer, Chief Executive Officer, on 7 January 2009 under the Long Term Incentive Plan lapsed in full on 7 January 2012.
The LTIP Award was subject to a performance condition comprising two independent parts:
·; 50% was subject to Lonmin TSR relative to a group of 20 mining and metals companies over the three years ending 31 October 2011, in each case normalised into US dollars. The Company finished below median and this portion of the LTIP Award lapsed.
·; The other 50% was subject to a share price test over the three years ending 31 October 2011. The Company finished below the threshold level and this portion of the LTIP Award also lapsed.
END
Related Shares:
Lonmin