Disposal of Shares
December 30 2009 - 7:50AM
UK Regulatory
TIDMLZM TIDMLONR
RNS Number : 8357E
LonZim PLC
30 December 2009
30th December 2009
LONZIM PLC
(the "Company")
Disposal of Shares
Lonzim plc announces that today it has sold all of its remaining holding in
Lonrho plc of 10 million ordinary shares, that it had held as a short term
investment, for a total consideration of
GBP 1,000,000 generating a profit on disposal of GBP500,000. The proceeds will
be used to supplement the Company's working capital.
For further information, please contact:
+------------------------+------------------------+------------------------+
| LonZim Plc | | |
+------------------------+------------------------+------------------------+
| David Lenigas | Executive Chairman | +44 (0) 7881 825 378 |
+------------------------+------------------------+------------------------+
| Geoffrey White | Chief Executive | +44 (0) 7717 307 308 |
| | Officer | |
+------------------------+------------------------+------------------------+
| Emma Priestley | Executive Director | +44 (0) 7867 785 177 |
+------------------------+------------------------+------------------------+
| | | |
+------------------------+------------------------+------------------------+
| WH Ireland Ltd: Nomad and Broker | |
+-------------------------------------------------+------------------------+
| James Joyce | | +44 (0) 20 7220 1666 |
+------------------------+------------------------+------------------------+
| | | |
+------------------------+------------------------+------------------------+
| Pelham Public | | |
| Relations | | |
+------------------------+------------------------+------------------------+
| Charles Vivian | | +44 (0) 20 7337 1538 |
+------------------------+------------------------+------------------------+
| | | +44 (0) 7977 297 903 |
+------------------------+------------------------+------------------------+
| James MacFarlane | | +44 (0) 20 7337 1527 |
+------------------------+------------------------+------------------------+
| | | +44 (0) 7841 672 831 |
+------------------------+------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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