Lonmin PLC (LMI) - Update on Rights Issue
RNS Number : 2721R
15 November 2012
15 November 2012
Lonmin Plc - Update on Rights Issue
Lonmin Plc ("Lonmin") welcomes the support announced today from Xstrata Plc
("Xstrata") for its forthcoming Rights Issue. Lonmin also announces that
proxy voting instructions received to date from other shareholders are
overwhelmingly in favour of the resolution to be proposed at the General
Meeting of the Company at 09:30 GMT on Monday 19 November 2012.
As at 15:00 GMT today, before Xstrata announced its intention to vote in
favour of the Rights Issue, 86% of the proxy voting instructions received were
in favour of the resolution to approve the Rights Issue.
The Board continues to abide by the highest standards of corporate governance
and will reflect on the comments made by all shareholders during the Rights
- End -
Investors / Analysts:
Tanya Chikanza (Head of Investor Relations) +27 11 218 8300 /
+44 20 7201 6007
Ruli Diseko (Investor Relations Manager) +27 11 218 8373
James Clark / Emma Crawshaw +44 20 7930 0777
Sue Vey +27 72 644 9777
Brunswick - Johannesburg
Cecilia de Almeida +27 11 502 7400 /
+27 83 325 9169
Notes to editors
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg
Stock Exchange, is one of the world's largest primary producers of PGMs. These
metals are essential for many industrial applications, especially catalytic
converters for internal combustion engine emissions, as well as their
widespread use in jewellery.
Lonmin's operations are situated in the Bushveld Complex in South Africa,
where nearly 80% of known global PGM resources are found.
The Company creates value for shareholders through mining, refining and
marketing PGMs and has a vertically integrated operational structure - from
mine to market. Lonmin's mining operations extract ore from which the Process
Division produces refined PGMs for delivery to customers. Underpinning the
operations is the Shared Services function which provides high quality levels
of support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
This information is provided by RNS
The company news service from the London Stock Exchange
MSCBKPDPABDDFDD -0- Nov/15/2012 17:04 GMT
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