1st Nov 2007 07:02
Lonrho PLC01 November 2007 1 November 2007 LONRHO PLC (Lonrho or the 'Company') Lonrho update on LonZim Renaissance Capital appointed as Placement Agent Lonrho (AIM: LONR), the conglomerate with a structured portfolio of Africaninvestments, is pleased to announce that it has engaged Renaissance Capital(www.rencap.com) as placement agent for the fund raising for LonZim, thecompany's proposed investment vehicle for Zimbabwe. Emerging market and African specialists, Renaissance Capital, have in-depthknowledge of the international investor appetite for Africa. A new funding structure has been implemented and it is planned to raise inexcess of £70 million for LonZim. David Lenigas, Chairman of Lonrho stated : 'I am delighted that Renaissance Capital has agreed to act for the placement ofLonZim. Their knowledge of Africa and its unique opportunities, combined withtheir worldwide presence are an ideal combination to ensure that LonZim attractsthe widest base of global investors possible.' ENQUIRIES Lonrho Plc +44 (0)20 7016 5105David Lenigas, Executive Chairman +44 (0)7881 825 378Geoffrey White, Chief Executive Officer +44 (0)7717 307 308Emma 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 Europe : NOMAD to LonrhoHugh Field +44 (0) 20 7523 8350 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)• Lonrho mining - www.lonrhomining.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 and Pieces• Celsys Limited - www.celsys.co.zw 1st November 2007 This announcement and the information contained herein is restricted and is notfor publication, release or distribution in whole or in part to US persons or inor into the United States, Canada, Australia or Japan. This announcement is anadvertisement and not a prospectus. This announcement is not an offer of securities for sale in the United States orin any other jurisdiction. The shares of LonZim PLC (the "Company") have notbeen and will not be registered under the US Securities Act of 1933, as amended(the "Securities Act") and may not be offered or sold in the United Statesunless registered under the Securities Act or pursuant to an exemption from suchregistration. The Company has not been and will not be registered under the USInvestment Company Act of 1940, as amended. There will be no public offering ofthe shares in the United States. Investors may only subscribe for or purchase any shares referred to in thisannouncement on the basis of information in the admission document (the "Admission Document") to be published by the Company in due course in connectionwith the initial public offering of ordinary shares (the "Offering") and theadmission of its ordinary shares (the "Shares") to trading on the AIM market ofthe London Stock Exchange. This announcement has been prepared by and is the sole responsibility of theCompany. This announcement is an advertisement and not a prospectus and is notan offer to sell or a solicitation of any offer to buy any securities in theUnited States or in any other jurisdiction. Neither this document nor anything contained herein shall form the basis of, orbe relied upon in connection with, any offer or commitment whatsoever in anyjurisdiction. Any offer to acquire securities pursuant to the Offering will bemade, and any investor should make their investment, solely on the basis ofinformation that is contained in the Admission Document. This announcement is based upon information which the Company considersreliable, but no representation or warranty, express or implied, is given by oron behalf of the Company, Lonrho Plc ("Lonhro") or Renaissance Capital Limited("Renaissance") or any of such persons' affiliates or their respective members,directors, officers or employees or any other person that it is accurate andcomplete and nor should it be relied upon as such. The information in thisannouncement is subject to change and none of the Company, Lonrho, orRenaissance have any obligation to update this document or to correctinaccuracies or omissions which may become apparent. All investments are subject to risk. The value of investments may fluctuate.Results achieved in the past are no guarantee of future results. An investmentin the Company is speculative and involves a substantial degree of risk,including the risk of total loss. Prospective investors are advised to seekexpert legal, financial, tax and other professional advice before making anyinvestment decision. Factual statements, statistical data, information regarding actual and proposedissues contained in this document, views expressed, and projections, forecastsor statements relating to various matters referred to in this document do notnecessarily represent the Company's, Lonrho's or Renaissance's own assessment orinterpretation of information. Prospective investors should not treat thecontents of this document as advice relating to legal, taxation or investmentmatters, and are to make their own assessments concerning these and otherconsequences of any investment, including the merits of investing and the risks. Renaissance is authorised under is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting for the Company andno-one else in connection with the Offering and will not be responsible toanyone other than the Company for providing the protections afforded to itsclients or for providing advice in relation to the Offering, this document orany other matter. This press release does not constitute, and may not be used for the purposes of,an offer or an invitation to subscribe for Shares by any person in anyjurisdiction in which (i) such offer or invitation is not authorized; or (ii) inwhich the person making such offer or invitation is not qualified to do so; or(iii) to any person to whom it is unlawful to make such offer or invitation. Notice to prospective investors in the UK This announcement is directed only at persons in the United Kingdom who are: (i)persons having professional experience in matters relating to investments whofall within the definition of "investment professionals" in Article 19 (5) ofthe Financial Services and Markets Act 2000 (Financial Promotion) Order 2001; or(ii) high net worth bodies, corporate, unincorporated associations andpartnerships and trustees of high value trusts as described in Article 49 (2) ofthe Financial Services and Markets Act 2000 (Financial Promotion) Order 2001.Persons within the United Kingdom who receive this announcement (other thanpersons falling within (i) and (ii) above) should not rely on or act upon thiscommunication. Forward Looking Statements Certain statements contained in this document, including those relating to theOffering may be forward-looking statements. By their nature, forward-lookingstatements involve a number of risks, uncertainties and assumptions that couldcause actual results or events to differ materially from those expressed orimplied by the forward-looking statements. These risks, uncertainties andassumptions could adversely affect the outcome and financial effects of theplans and events described herein. None of Renaissance, Lonrho or the Company undertake any obligation to update orrevise any forward-looking statements, whether as a result of new information,future events or otherwise. A prospective investor should not place unduereliance on forward-looking statements, which speak only as of the date of thisdocument. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonrho