LONR Lonrho

RNS Number:9885W
Lonrho PLC
21 May 2007



                                LONRHO PLC
                        ('Lonrho' or the 'Company')

                  Lonrho Completes #16.46 million Placing

                        Placing of Ordinary Shares


The Board of Lonrho is pleased to announce that the Company has raised #16.46
million gross (#15.82 million net of expenses) by way of a placing of 51,449,381
new ordinary shares of 1 pence each in the share capital of the Company
('Placing Shares') at 32 pence per Placing Share with certain institutions and
other investors ('Placing').



The Placing Shares will represent approximately 19 per cent of the Company's
enlarged issued share capital and application will be made for the admission of
the Placing Shares to trading on AIM. It is expected that dealings in the
Placing Shares will commence at 8.00 a.m. on 24th May 2007. The total number of
shares in issue following completion of the Placing will be 275,678,471.



The Placing will enable the Company to continue to provide the necessary funds
for its growing investments in Africa and will also fund further investment
opportunities that are in line with its strategy.

21 May 2007

For further information, please contact:

Lonrho Plc                                            +44 (0) 20 7016 5105
David Lenigas, Chief Executive                        +44 (0)7881 825 378
Emma Priestley, Executive Director                    +44 (0)7867 785 177

Pelham PR
Charles Vivian                                        +44 (0) 20 7743 6672
                                                      +44 (0) 7977 297 903
Alisdair Haythornthwaite                              +44 (0) 20 7743 6676
                                                      +44 (0) 771 472 1379
Collins Stewart Europe
Simon Atkinson                                        +44 (0) 20 7523 8000
Ellen Francis                                         +44 (0) 20 7523 8000






Notes to Editors:



About Lonrho



Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company is listed on the London AIM stock
exchange (LONR). Lonrho is strategically focused on the development of business
opportunities in infrastructure, communications, hotels, distribution and
agribusiness. The Company has over 20,000 shareholders and substantial
institutional backing to support its mandate to build a profitable business that
plays a fundamental role in the development of the African economy.



Since 2006, the Company has invested in or acquired control of:



Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Nare Diamonds - www.narediamonds.com
Brinkley Mining - www.brinkley-mining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Norse Air - www.norseair.co.za
Swissta Holdings - www.swissta.com
Countermine plc - www.countermine.com




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

IOEBRGDUBXDGGRB

Lonrho (LSE:LONR)
Historical Stock Chart
From Jun 2024 to Jul 2024

Lonrho (LSE:LONR)
Historical Stock Chart
From Jul 2023 to Jul 2024