Grant of Share Options
July 23 2007 - 1:07PM
UK Regulatory
RNS Number:7189A
Lonrho PLC
23 July 2007
23 July 2007
LONRHO PLC
GRANT OF SHARE OPTIONS
The Board of Lonrho Plc (the "Company") announces today the grant by the Company
on 20 July 2007 of options over, in aggregate, 5,195,000 ordinary shares of 1p
each in the share capital of the Company ("Shares") to directors, employees and
consultants as follows:
David Lenigas (Executive Chairman and Chief Executive Officer) 1,615,000
Emma Priestley (Executive Director) 1,065,000
Jean Ellis (Finance Director) 350,000
Martin Horgan (Non-Executive Director) 200,000
Donald Strang (Non-Executive Director) 200,000
Senior Employees and Consultants other than Board members 1,765,000
TOTAL 5,195,000
The grant of the options was made under the Company's Unapproved Share Option
Plan other than those to the non-executive directors and a consultant (whose
options were granted under stand-alone option agreements on similar terms to
those under the Unapproved Company Share Option Plan).
The exercise price will be 44 pence per share, exercisable until 20 July 2012.
A further 1,500,000 Shares are to be allotted to a consultant by way of bonus
award, the Company paying the subscription price of the shares.
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
Hugh Field and 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, transportation, support services and natural
resources. 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 - www.countermine.com
SA Independent Liner Services
This information is provided by RNS
The company news service from the London Stock Exchange
END
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