28th Sep 2007 14:04
Lonrho PLC28 September 2007 28 September 2007 LONRHO PLC ('Lonrho' or the 'Company') Lonrho Completes £16.97 million Placing Placing of Ordinary Shares The Board of Lonrho is pleased to announce that the Company has raised £16.97million gross (£16.60 million net of expenses) by way of a placing of 44,657,736new ordinary shares of 1 pence each in the share capital of the Company('Placing Shares') at 38 pence per Placing Share with certain institutions andother investors ('Placing'). The Placing Shares will represent approximately 13.88 per cent of the Company'senlarged issued share capital and application will be made for the admission ofthe Placing Shares to trading on AIM. It is expected that dealings in thePlacing Shares will commence at 8.00 a.m. on Friday 5 October 2007. The totalnumber of shares in issue following completion of the Placing will be321,836,207. The Placing will enable the Company to continue to provide the necessary fundsfor its growing investments in Africa, in particular the further 110m quayextension at Luba Freeport in Equatorial Guinea and the planned expansion in theoperations of SA Independent Liner Services, Fly540 and Bytes & Pieces. It willalso enable the Company to fund further investment opportunities that are inline with its strategy. 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 297903Alisdair Haythornthwaite +44 (0) 20 7743 6676 +44 (0) 7714 721379 Collins Stewart EuropeHugh Field +44 (0) 20 7523 8350Jonny Sloan 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.com• Luba Freeport - www.lubafreeport.com• Fly540 - www.fly540.com• Norse Air - www.norseair.co.za• Swissta Holdings - www.swissta.com• SA Independent Liner Services• Bytes & Pieces This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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