Lonmin PLC LMI Director/PDMR Shareholding

  Lonmin PLC (LMI) - Director/PDMR Shareholding

RNS Number : 0396S
Lonmin PLC
26 November 2012
 



26 November 2012

Notification of Transactions of  Directors and Persons Discharging  Managerial 
Responsibility pursuant to DTR 3.1.4R

Lonmin Plc (the "Company") announces that it has today been notified of
dealings in its listed securities by the Chief Executive Officer, Ian Farmer.

As signalled in the prospectus and regulatory news announcement published in
connection with the Company's rights issue on 9 November 2012, Mr Farmer did
not, in light of the course of medical treatment he is receiving, give an
irrevocable undertaking to follow his rights in full.   Instead, on
23 November 2012 Mr Farmer sold in London 42,631 New Shares (nil paid)
registered in his name for 138p each.   The cash proceeds of this transaction
will, after the deduction of dealing costs, enable him to take up 41,916 New
Shares at 140p each.   A further announcement of the subscription for the New
Shares will be made following the closing of the rights issue on 10 December
2012.

- End -

 

 

ENQUIRIES

Investors / Analysts:

Lonmin                                       

Tanya Chikanza (Head of Investor Relations) +27 11 218 8300 /

                                            +44 20 7201 6007
Ruli Diseko (Investor Relations Manager)    +27 11 218 8373

 

 Media:

Cardew Group                 

James Clark / Emma Crawshaw +44 20 7930 0777
Sue Vey                     +27 72 644 9777

 

 Brunswick - Johannesburg +27 11 502 7400 /

Itumeleng Mahabane        +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: www.lonmin.com

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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