23rd Jul 2007 17:07
Lonrho PLC23 July 2007 23 July 2007 LONRHO PLC GRANT OF SHARE OPTIONS The Board of Lonrho Plc (the "Company") announces today the grant by the Companyon 20 July 2007 of options over, in aggregate, 5,195,000 ordinary shares of 1peach in the share capital of the Company ("Shares") to directors, employees andconsultants as follows: David Lenigas (Executive Chairman and Chief Executive Officer) 1,615,000 Emma Priestley (Executive Director) 1,065,000 Jean Ellis (Finance Director) 350,000 Martin Horgan (Non-Executive Director) 200,000 Donald Strang (Non-Executive Director) 200,000 Senior Employees and Consultants other than Board members 1,765,000 TOTAL 5,195,000 The grant of the options was made under the Company's Unapproved Share OptionPlan other than those to the non-executive directors and a consultant (whoseoptions were granted under stand-alone option agreements on similar terms tothose under the Unapproved Company Share Option Plan). The exercise price will be 44 pence per share, exercisable until 20 July 2012. A further 1,500,000 Shares are to be allotted to a consultant by way of bonusaward, the Company paying the subscription price of the shares. For further information, please contact:Lonrho Plc +44 (0) 20 7016 5105David Lenigas, Chief Executive +44 (0)7881 825 378Emma Priestley, Executive Director +44 (0)7867 785 177 Pelham PRCharles Vivian +44 (0) 20 7743 6672 +44 (0) 7977 297 903Alisdair Haythornthwaite +44 (0) 20 7743 6676 +44 (0) 771 472 1379 Collins Stewart EuropeHugh Field and Ellen Francis +44 (0) 20 7523 8000 Notes to Editors: About Lonrho: Lonrho Plc is an expanding conglomerate that is rapidly growing a successfulbusiness throughout Africa. The Company is listed on the London AIM stockexchange (LONR). Lonrho is strategically focused on the development of businessopportunities in infrastructure, transportation, support services and naturalresources. The Company has over 20,000 shareholders and substantialinstitutional backing to support its mandate to build a profitable business thatplays a fundamental role in the development of the African economy. Since 2006, the Company has invested in or acquired control of: Hotel Cardoso - www.hotelcardoso.co.mz (retained)Nare Diamonds - www.narediamonds.comBrinkley Mining - www.brinkley-mining.comLuba Freeport - www.lubafreeport.comFly540 - www.fly540.comNorse Air - www.norseair.co.zaSwissta Holdings - www.swissta.comCountermine - www.countermine.comSA Independent Liner Services This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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