London Mining Plc CEO PURCHASE OF ORDINARY SHARES (3884T)

TIDMLOND

RNS Number : 3884T

London Mining Plc

12 December 2012

London Mining Plc

Quoted on London AIM (LOND LN)

("London Mining" or the "Company")

12 December 2012

CEO PURCHASE OF ORDINARY SHARES

The Company has been informed today that on 11 December 2012 Graeme Hossie, Chief Executive Officer and Executive Director of London Mining, acquired 150,000 ordinary shares in the Company at a price of 122.75 pence per ordinary share.

Following this transaction, Graeme Hossie holds 6,989,836 ordinary shares in the Company representing 5.05% of the Company's issued share capital. He also holds options over 3,000,000 ordinary shares in the Company pursuant to the Share Option Plan as well as nil-cost option awards over 1,237,209 Ordinary Shares under the terms of the LTIP and nil-cost option awards in respect of deferred share awards over 167, 441 ordinary shares.

 
 London Mining Plc 
  Graeme Hossie, Chief Executive Officer 
  Rachel Rhodes, Chief Financial Officer 
  Thomas Credland, Head of Investor Relations    +44 (0)20 7408 7500 
 Liberum Capital (Nominated Advisor/Broker) 
  Clayton Bush / Christopher Kololian            +44 (0)20 3100 2000 
 J.P. Morgan Cazenove (Broker) 
  Ignacio Borrell                                +44 (0)20 7742 4000 
 Brunswick Group LLP 
  Carole Cable / Rosheeka Field                  +44 (0)20 7404 5959

About London Mining

London Mining is an expanding producer of high specification iron ore for the global steel industry and is focused on identifying, developing and operating sustainable mines. London Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects to reach production capacity of 5Mtpa in 2013. A bankable feasibility study was completed in 2012 on an expansion plan to 9Mtpa and a prefeasibility study was completed in 2011 which shows that Marampa has resources to support a staged expansion to over 16Mtpa. London Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore production by developing two other mines in Greenland and Saudi Arabia. London Mining is also producing from a coke operation with coking coal resource potential in Colombia. The Company listed on AIM in London on 6 November 2009. It trades under the symbols LOND.L (Reuters) and LOND LN (Bloomberg). More information about London Mining can be found at www.londonmining.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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