21st May 2007 17:38
Lonrho PLC21 May 2007 LONRHO PLC ('Lonrho' or the 'Company') Lonrho Completes £16.46 million Placing Placing of Ordinary Shares The Board of Lonrho is pleased to announce that the Company has raised £16.46million gross (£15.82 million net of expenses) by way of a placing of 51,449,381new ordinary shares of 1 pence each in the share capital of the Company('Placing Shares') at 32 pence per Placing Share with certain institutions andother investors ('Placing'). The Placing Shares will represent approximately 19 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 24th May 2007. The total number ofshares in issue following completion of the Placing will be 275,678,471. The Placing will enable the Company to continue to provide the necessary fundsfor its growing investments in Africa and will also fund further investmentopportunities that are in line with its strategy. 21 May 2007 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 1379Collins Stewart EuropeSimon Atkinson +44 (0) 20 7523 8000Ellen 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, communications, hotels, distribution andagribusiness. 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 plc - www.countermine.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonrho