LONR Lonrho

 

TIDMLONR 
 
RNS Number : 5900D 
Lonrho PLC 
04 December 2009 
 

4 December 2009 
 
 
 
 
Lonrho plc 
("Lonrho" or "the Company") 
 
 
Lonrho raises GBP16.025m (US$ 26.5m) from existing shareholders in a placing of 
160,257,213 Ordinary Shares 
 
 
The Board of Lonrho is pleased to announce that the Company has raised 
GBP16.025m, gross, by way of a placing of 160,257,213 new ordinary shares of 1 
pence each ("Placing Shares") in the share capital of the Company at 10 pence 
per Placing Share ("the Placing"). 
 
 
The Placing Shares have been unconditionally placed save as to their Admission. 
Application has been made for admission of the Placing Shares to trading on AIM 
and admission is expected to take place on 9 December 2009. 
 
 
The Placing Shares will together represent approximately 17% of the Company's 
enlarged issued share capital and the total number of shares in issue following 
completion of the Placing will be 959,353,712. 
 
 
The fundraising has been effected by an irrevocable placing to existing 
shareholders under a cash box structure. The new ordinary shares will, when 
issued, rank pari passu in all respects with the existing ordinary shares of the 
Company. 
 
 
The Company intends to call a General meeting to increase its authorities to 
issue further Ordinary Shares to raise further working capital for the Group if 
demand exists. 
 
 
 
 
David Lenigas, executive chairman of Lonrho, commented: 
 
 
"The placement of GBP16m was fulfilled wholly by existing shareholders and is a 
strong endorsement of the Company's excellent progress over the past twelve 
months. The proceeds of the fund raising will provide both further working 
capital for  the Group's existing businesses and the ability for Company to 
increase it's equity stake in its core established businesses, including its 
agricultural and building divisions for the benefit of shareholders." 
 
 
 
 
Enquiries 
 
 
+------------+--------------+ 
| Lonrho     | -            | 
| Plc        |              | 
+------------+--------------+ 
| David      | +44          | 
| Lenigas,   | (0)20        | 
| Executive  | 7016 5105    | 
| Chairman   |              | 
+------------+--------------+ 
| Geoffrey   | +44          | 
| White,     | (0)20        | 
| Chief      | 7016 5105    | 
| Executive  |              | 
| Officer    |              | 
+------------+--------------+ 
| Emma       | +44          | 
| Priestley, | (0)20        | 
| Executive  | 7016 5105    | 
| Director   |              | 
+------------+--------------+ 
|            |              | 
+------------+--------------+ 
|            |              | 
+------------+--------------+ 
| Pelham     |              | 
| PR         |              | 
+------------+--------------+ 
| Charles    | +44 (0)      | 
| Vivian     | 20 7337 1538 | 
+------------+--------------+ 
|            | +44 (0)      | 
|            | 7977 297903  | 
+------------+--------------+ 
| James      | +44 (0)      | 
| MacFarlane | 20 7337 1527 | 
+------------+--------------+ 
|            | +44 (0)      | 
|            | 7841 672831  | 
+------------+--------------+ 
|            |              | 
+------------+--------------+ 
| Beaumont   |              | 
| Cornish    |              | 
| Limited    |              | 
| (Nomad)    |              | 
+------------+--------------+ 
| Rosalind   | +44 (0)      | 
| Hill       | 20 7628 3396 | 
| Abrahams   |              | 
+------------+--------------+ 
| Roland     | +44 (0)      | 
| Cornish    | 20 7628 3396 | 
+------------+--------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEGGMGZMDNGLZG 
 

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

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