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Lonmin PLC Announces Result Of Rights Issue


Tuesday, 11 Dec 2012 02:00am EST 

Lonmin PLC announced that on 10 December 2012, being the latest date for receipt of valid acceptances, it had received valid acceptances in respect of 354,416,422 New Shares, representing approximately 96.97 per cent of the total number of New Shares offered to Shareholders, pursuant to the Rights Issue announced by the Company on 9 November 2012. Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard Bank Plc will, acting severally and not jointly (or jointly and severally) and as agents for the Company, will procure subscribers for the balance of 11,080,521 New Shares not validly taken up under the Rights Issue by no later than 12 December 2012, 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 Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard Bank Plc will be made in due course. 

Company Quote

229.8
2.8 +1.23%
29 Aug 2014