4th Jun 2009 07:00
LON - LONMIN - RESULT OF RIGHTS ISSUE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY LONMIN PLC IN CONNECTION WITH THE RIGHTS ISSUE. COPIES OF THE PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE COMPANY'S REGISTERED OFFICE.
LONMIN PLC
RESULT OF RIGHTS ISSUE
Incorporated and registered in England and Wales with registered number 103002
Registered in South Africa as an external company with registered number 1969/000015/10
JSE share code: LON
Issuer code: LOLMI & ISIN: GB0031192486
Lonmin Plc ("Lonmin" or "the Company") today announces that, as at 11.00 a.m. (UK time) on 3 June 2009, being the latest date of receipt of valid acceptances, it had received valid acceptances in respect of 33,801,585New Shares, representing approximately 96.38% per cent of the total number of New Shares offered to Shareholders, pursuant to the 2 for 9 Rights Issue announced by the Company on 11 May 2009.
It is expected that the New Shares in uncertificated form will be credited to CREST or Strate accounts, as applicable, on 4 June 2009 and that definitive share certificates in respect of New Shares in certificated form will be dispatched to Shareholders by no later than 11 June 2009. It is expected that the New Shares will commence trading fully paid on the London Stock Exchange and on the JSE on 4 June 2009.
Citigroup Global Markets U.K. Equity Limited ("Citi") and J.P. Morgan Cazenove Limited will use reasonable endeavours to procure subscribers for the balance of 1,270,544 New Shares not validly taken up under the Rights Issue, subject to certain terms and conditions agreed with the Company. A further announcement as to the number of New Shares for which subscribers have been procured by Citi and J.P. Morgan Cazenove Limited will be made in due course.
Defined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 11 May 2009.
Contacts:
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Lonmin |
Tel: +44 (0)20 7201 6050 |
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Rob Gurner, Head of Investor Relations |
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Citi (Joint UK Sponsor and Joint Bookrunner) |
Tel: +44 (0)20 7986 4000 |
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David Wormsley |
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Jan Skarbek |
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Citi (Joint Corporate Broker) |
Tel: +44 (0)20 7986 4000 |
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Tom Reid |
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Andrew Forrester |
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Citi (JSE Transaction Sponsor) |
Tel: +27 (0)11 944 1000 |
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Sean Wegerhoff |
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J.P. Morgan Cazenove (Joint UK Sponsor, Joint Bookrunner And Joint Corporate Broker) |
Tel: +44 (0)20 7588 2828 |
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Michael Wentworth-Stanley |
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Jonathan Wilcox |
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Matthew Lawrence |
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Cardew Group |
Tel: +44 (0)20 7930 0777 |
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Anthony Cardew |
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Rupert Pittman |
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Financial Dynamics |
Tel: +27 (0)21 487 9000 |
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Dani Cohen |
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Ravin Maharaj |
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Disclaimer
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.
This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. Copies of the prospectus are available at Lonmin plc's registered office.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered in the United States absent registration or an exemption from, or in transactions not subject to, the registration requirements of the Securities Act. There will be no public offer of the securities referred to herein in the United States.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd., each of which is regulated and authorised in the United Kingdom by the FSA, are acting exclusively for the Company and for no-one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue, the contents of this announcement and the accompanying documents or any matters or arrangements referred to herein or therein.
Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd. may, subject to the terms of the Underwriting Agreement and in accordance with applicable legal and regulatory provisions, engage in transactions in relation to the Nil Paid Rights, the Fully Paid Rights, the New Shares and/or related instruments for their own account for the purpose of hedging their underwriting exposure or otherwise. Except as required by applicable law or regulation none of Citi, J.P. Morgan Cazenove Limited and J.P. Morgan Securities Ltd. propose to make any public disclosure in relation to such transactions.
- Ends -
Related Shares:
Lonmin