29th Jun 2005 07:01
Lonmin PLC29 June 2005 LONMIN OFFER FOR SOUTHERN PLATINUM CONCLUDES SUCCESSFULLY LONDON, ENGLAND and TORONTO, ONTARIO - June 28, 2005 - Lonmin Investments CanadaInc. ("Lonmin Investments") announces today the completion of its offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Shares") in the capital of Southern Platinum Corp. (TSX:SPC). The Offer toacquire the Shares for cash consideration of C$2.66 per Share was made by LonminInvestments, a wholly owned subsidiary of Lonmin Plc (LSE:LMI), pursuant to atake-over bid circular (the "Circular") dated April 14, 2005. The Offer expiredat 5:00 p.m. (Toronto time) on June 28, 2005 in accordance with the terms of theCircular and last extension of the Offer. Lonmin Investments has today taken up 4,069,142 Shares in accordance with theOffer. Lonmin Investments will pay for such Shares taken up within theprescribed time period under applicable laws. In total, Lonmin Investments hastaken up 85,096,881 Shares pursuant to the Offer, representing approximately97.2% of the aggregate number of Shares issued and outstanding and approximately91.0% of the Shares on a fully diluted basis. As the Offer has been accepted by holders of more than 90% of the Shares on afully diluted basis, Lonmin Investments intends to exercise its right to acquireall outstanding Shares not tendered to the Offer pursuant to a compulsoryacquisition under the Canada Business Corporations Act as described in theCircular. **************** This press release includes forward-looking statements. All statements otherthan statements of historical fact included in this press release, and allstatements regarding plans, objectives and expected performance, areforward-looking statements. These forward-looking statements have been based oncurrent expectations and projections about future events, including numerousassumptions. Forward-looking statements generally can be identified by the useof forward-looking terminology such as "ambition", "may", "will", "expect","intend", "estimate", "anticipate", "believe", "plan", "seek" or "continue" ornegative forms or variations of similar terminology. Such forward-lookingstatements involve known and unknown risks, uncertainties, assumptions and otherfactors related to Lonmin Plc, Lonmin Investments and Southern Platinum Corp. Forward-looking statements involve risks, uncertainties and assumptions. Actualresults may differ materially from those expressed in forward-lookingstatements. Given these risks, uncertainties and assumptions, you are cautionednot to put undue reliance on any forward-looking statements. In addition, theinclusion of such forward-looking statements should under no circumstances beregarded as a representation by Lonmin Plc or Lonmin Investments that eitherwill achieve any results set out in such statements or that the underlyingassumptions used will in fact be the case. For Further Information: Lonmin Plc: Alex Shorland-Ball, Vice President Investor Relations & Communications - +44 20 7201 6060 Media Enquiries: United Kingdom:Nadja Vetter, Anthony Cardew - CardewGroup - +44 (0)20 7930 0777 South Africa:Johannes van Niekerk - College Hill - +27 11 447 3030 or +27 82 921 9110 Canada:John Lute - Lute & Company - +1 416 929 5883 ext 222 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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