TIDMLOND
RNS Number : 2729W
London Mining Plc
26 January 2012
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL
Neither this Announcement nor any part of it constitutes an
offer to sell or issue or the solicitation of an offer to buy,
subscribe or acquire any new ordinary shares in any jurisdiction in
which any such offer or solicitation would be unlawful and the
information contained herein is not for publication or
distribution, in whole or in part, directly or indirectly, in or
into the United States, Australia, Canada, Japan, South Africa or
any jurisdiction in which such publication or distribution would be
unlawful. The securities referred to herein have not been and will
not be registered under the U.S. Securities Act of 1933 (as
amended), under the securities legislation of any state of the
United States or under the applicable securities laws of Australia,
Canada, Japan or South Africa.
LONDON MINING PLC (incorporated and registered under the laws of
England and Wales with registered number 05424040) ("London Mining"
or the "Company")
27 January 2012
COMPLETION OF FIRM PLACING
On 24 January 2012, London Mining announced that 22,685,000 new
ordinary shares in the Company had been successfully placed by J.P.
Morgan Securities Ltd. (which conducts its UK investment banking
activities as J.P. Morgan Cazenove) and Liberum Capital Limited
(together, the "Banks") to institutional and other investors at a
placing price of 255p per share (the "Placing"). The Placing
comprises two tranches: a firm placing of 11,199,214 new ordinary
shares (the "Firm Placing Shares"); and a conditional placing of
11,485,786 new ordinary shares (the "Conditional Placing
Shares").
London Mining is pleased to announce that the Firm Placing
Shares were today admitted to trading, and commenced trading, on
the AIM market of the London Stock Exchange plc ("AIM"). Following
this issue of Firm Placing Shares, London Mining has a total of
125,301,174 ordinary shares in issue.
As announced on 24 January 2012, London Mining also intends to
apply for admission of the Conditional Placing Shares, the issue of
which is subject to shareholder approval, on AIM ("Second
Admission"). If the required shareholder approval is obtained, it
is expected that Second Admission will take place on or around 14
February 2012.
Publication of Shareholder Circular
A circular (the "Circular") containing an explanation of, and
the reasons for, the Placing and a notice convening a general
meeting (the "General Meeting") at which a resolution will be
proposed to approve the issue of the Conditional Placing Shares has
now been posted to shareholders. A copy of the Circular can be
accessed through the Company's website at www.londonmining.co.uk.
The General Meeting is to be held at the offices of Travers Smith
LLP, 10 Snow Hill, London EC1A 2AL at 11.00 a.m. (London time) on
13 February 2012.
For more information, please contact:
London Mining Plc
Graeme Hossie, Chief Executive Officer
Rachel Rhodes, Chief Financial Officer
Thomas Credland, Head of Investor
Relations +44 20 7408 7500
Liberum Capital (Nominated Advisor/Broker)
Clayton Bush/Christopher Kololian +44 20 3100 2000
J.P. Morgan Cazenove (Broker)
Neil Passmore / Ignacio Borrell +44 20 7742 4000
Brunswick Group LLP
Carole Cable / Daniel Thole +44 20 7404 5959
This Announcement is for information only and does not contain
or constitute an offer of, or the solicitation of an offer to buy,
securities in Australia, Canada, Japan, South Africa or the United
States or any jurisdiction in which the same would be unlawful. The
securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"US Securities Act"), under the securities legislation of any state
of the United States or under the applicable securities laws of
Australia, Canada, Japan or South Africa. The securities referred
to herein may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the US Securities Act. Subject to
certain exceptions, the securities referred to herein may not be
offered or sold in Australia, Canada, Japan or South Africa or to,
or for the account or benefit of, any national, resident or citizen
of Australia, Canada, Japan or South Africa. Any failure to comply
with these restrictions may constitute a violation of U.S.,
Australian, Canadian, Japanese or South African securities laws, as
applicable. No public offer of London Mining's securities is being
or will be made in the United Kingdom, the United States,
Australia, Canada, Japan, South Africa or elsewhere. No action has
been taken by London Mining or the Banks that would permit an
offering of the securities referred to herein or possession or
distribution of this Announcement or any other offering or
publicity material relating to such securities in any jurisdiction
where action for that purpose is required. Persons into whose
possession this Announcement comes are required by London Mining
and the Banks to inform themselves about, and to observe, any such
restrictions.
This Announcement has been issued by and is the sole
responsibility of London Mining. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by the
Banks or by any of their respective affiliates or agents as to or
in relation to the accuracy or completeness of this Announcement,
or any other written or oral information made available to or
publicly available to any interested party or its advisers, and any
liability therefore is hereby expressly disclaimed.
J.P. Morgan Cazenove, which is authorised and regulated by the
Financial Services Authority ("FSA"), and Liberum Capital which is
authorised and regulated by the FSA are acting for London Mining in
connection with the Placing and no one else and will not be
responsible to anyone other than London Mining for providing the
protections afforded to clients of J.P. Morgan Cazenove and Liberum
Capital, respectively, or for providing advice in relation to the
Placing.
This Announcement is not for publication or distribution, in
whole or in part, directly or indirectly, in or into the United
States, Canada, Australia, Japan, South Africa or any jurisdiction
in which the same would be unlawful.
Certain statements in this Announcement are forward-looking
statements which are based on London Mining's expectations,
intentions and projections regarding its future performance,
anticipated events or trends and other matters that are not
historical facts. These statements are not guarantees of future
performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, London Mining undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise. The information
contained in this Announcement is subject to change without notice
and neither London Mining nor the Banks assume any responsibility
or obligation to update publicly or review any of the
forward-looking statements contained herein.
Any indication in this Announcement of the price at which
Ordinary Shares have been placed cannot be relied upon as a guide
to future performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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