LONR Lonrho

 

TIDMLONR 
 
RNS Number : 4735E 
Lonrho PLC 
21 December 2009 
 

 
 
 
 
 
 
21 December 2009 
 
 
Lonrho plc 
("Lonrho" or "the Company") 
 
 
 
 
Lonrho increases it's holding in Kwikbuild Corporation to 70% 
 
 
Lonrho Plc is pleased to announce that the Company has increased its holding in 
its building solutions subsidiary, Kwikbuild Corporation Limited ("Kwikbuild" or 
"the Business"), to 70%. In line with it's stated intention to increase it's 
equity in both the agricultural and buildings divisions, the Company has paid 
consideration of GBP 333,333 to increase its equity by an additional 8% of the 
Business and acquire an historic shareholder loan from the exiting shareholder 
which will in due course be converted into equity. 
 
 
Kwikbuild designs, manufactures and supplies prefabricated buildings to the 
African market place. Delivering a range of solutions such as houses, workers 
camps, offices, classrooms, and clinics the Kwikbuild prefabricated building 
system allows buildings to be operational within a few days of arriving on site. 
 
 
David Lenigas Executive Chairman at Lonrho commented: 
 
 
"Following on from the strong 2009 results from Lonrho plc, the Company 
announced that it intends to increase its equity position in both the buildings 
and agricultural divisions. The increase in our holding in Kwikbuild Corporation 
is a part of this process" 
 
 
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   |              | 
+------------+--------------+ 
| David      | +44          | 
| Armstrong, | (0)20        | 
| Finance    | 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  | 
+------------+--------------+ 
|            |              | 
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| 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 
 
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