London Mining Plc DIRECTOR'S DEALING (6584E)

TIDMLOND

RNS Number : 6584E

London Mining Plc

11 April 2014

London Mining Plc

Quoted on London AIM (LOND LN)

("London Mining" or the "Company")

11 April 2014

Director's Dealing

The Board of London Mining announces that, on 10 April 2014, it received the following notification from Pelos Strategy Ltd ("Pelos Strategy").

"For the purposes of Rule 17 of the AIM Rules, we write to inform you that 3,000,000 Ordinary Shares of 0.2p each in the capital of London Mining Plc registered in the name of Pelos Strategy Ltd are included in a package of assets charged pursuant to an investment loan facility entered into with Credit Suisse on 10 April 2014 in connection with a portfolio based lending arrangement."

Pelos Strategy is a private investment company in which Graeme Hossie has a beneficial interest. Accordingly, dealings by Pelos Strategy in Company securities are required to be notified under the AIM Rules.

The Company is now aware that, by virtue of this transaction, and previous transactions on 25 May 2010 and 11 December 2012 bringing 2,000,000 Ordinary Shares and 150,000 Ordinary Shares respectively subject to charges, the effect is to increase the number of London Mining Ordinary Shares held by Pelos Strategy that are subject to charges, to a total of 5,150,000 Ordinary Shares.

Pelos Strategy remains the registered holder and beneficial owner of all of the 5,150,000 Ordinary Shares referred to above and retains control of the voting rights attached to such shares.

For more information please visit www.londonmining.com or contact:

 
 London Mining Plc 
  Graeme Hossie, Chief Executive Officer 
  Benjamin Lee, Chief Financial Officer 
  Thomas Credland, Head of Investor Relations    +44 (0)20 7408 7500 
 Liberum Capital (Nominated Advisor/Broker) 
  Tom Fyson                                      +44 (0)20 3100 2000 
 J.P. Morgan Cazenove (Broker) 
  Ben Davies / Ignacio Borrell                   +44 (0)20 7742 4000 
 Brunswick Group LLP 
  Carole Cable / David Litterick                 +44 (0)20 7404 5959

About London Mining

London Mining is an expanding producer of high specification iron ore concentrate for the global steel industry and is focused on identifying, developing and operating sustainable mines. London Mining commenced sales from its 100% owned Marampa Mine in Sierra Leone in 2012 producing 3.4Mwmt/a in 2014 and expanding to a capacity of 6.5Mwmt/a over the next few years. Marampa has sufficient resources to support a staged expansion to over 10Mwmt/a. London Mining has also completed bankable feasibility studies outlining plans for a further 20Mwmt/a of iron ore production by developing mines in Greenland and Saudi Arabia. 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.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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