4th Dec 2012 16:27
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility pursuant to DTR 3.1.4R
Lonmin Plc (the "Company") announces that it received notification on 3 December 2012 of dealings by Mr Barnard Mokwena, a PDMR.
Mr Mokwena holds 7,073 Bonus Invested Shares via the Company's employee benefit trust under the Deferred Annual Bonus Plan resulting in an entitlement to take up 12,731 New Shares (nil paid) at R19.4872 per New Share.
Mr Mokwena elected to sell a sufficient number of his New Shares (nil paid) to enable him to use the cash proceeds of this transaction, after the deduction of dealing costs, to take up the remaining New Shares at R19.4872.
PDMR | Full entitlement of New Shares (nil paid) | New Shares (nil paid) sold | Sale price | New Shares (nil paid) to be taken up | Date of transaction | Location of trade |
Barnard Mokwena
| 12,731 | 6,654 | R17.80 | 6,076 | 3 Dec 2012 | JSE |
A further announcement of the subscription for the New Shares will be made following the closing of the rights issue on 10 December 2012.
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ENQUIRIES
Investors / Analysts:
Lonmin Tanya Chikanza (Head of Investor Relations) |
+27 11 218 8300 / +44 20 7201 6007 |
Ruli Diseko (Investor Relations Manager) | +27 11 218 8373 |
Media:
Cardew Group James Clark / Emma Crawshaw |
+44 20 7930 0777 |
Sue Vey | +27 72 644 9777 |
Brunswick - Johannesburg Itumeleng Mahabane | +27 11 502 7400 / +27 83 325 9169 |
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: www.lonmin.com
Related Shares:
Lonmin