30th Dec 2009 12:50
30th December 2009
LONZIM PLC
(the "Company")
Disposal of Shares
Lonzim plc announces that today it has sold all of its remaining holding in Lonrho plc of 10 million ordinary shares, that it had held as a short term investment, for a total consideration of
£ 1,000,000 generating a profit on disposal of £500,000. The proceeds will be used to supplement the Company's working capital.
For further information, please contact:
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LonZim Plc |
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David Lenigas |
Executive Chairman |
+44 (0) 7881 825 378 |
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Geoffrey White |
Chief Executive Officer |
+44 (0) 7717 307 308 |
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Emma Priestley |
Executive Director |
+44 (0) 7867 785 177 |
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WH Ireland Ltd: Nomad and Broker |
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James Joyce |
+44 (0) 20 7220 1666 |
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Pelham Public Relations |
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Charles Vivian |
+44 (0) 20 7337 1538 |
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+44 (0) 7977 297 903 |
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James MacFarlane |
+44 (0) 20 7337 1527 |
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+44 (0) 7841 672 831 |
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Related Shares:
Cambria AfricaLonrho