13th Dec 2006 16:27
Lonmin PLC13 December 2006 13 DECEMBER 2006 Proposed redemption of US$215,795,000 3.75 per cent Convertible Bonds due 2008(the "Bonds) On 15 November 2006 Lonmin Plc ("Lonmin") announced that it intended to redeemfor cash on 18 December 2006 all of the then outstanding Bonds. Holders of Bondshad until the close of business on 12 December 2006 to avoid redemption byconverting their Bonds into Lonmin ordinary shares, on the basis provided for inthe Conditions of the Bonds. As at the close of business on 12 December 2006, conversion requests had beenreceived from the holders of all of the Bonds and these had been satisfied bythe issue of 10,576,949 new ordinary shares (stated after the impact offractional entitlements). Lonmin had 154,135,215 shares in issue at the close ofbusiness on 12 December 2006 including those issued pursuant to conversions ofBonds. There are therefore no Bonds remaining for redemption on 18 December 2006. Enquiries: Alex Shorland-Ball +44 (0)7917 038684Vice President,Investor Relations & Communications END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonmin