Result of General Meeting
October 29 2010 - 7:22AM
UK Regulatory
TIDMLONR
RNS Number : 2675V
Lonrho PLC
29 October 2010
FOR IMMEDIATE RELEASE
29 October 2010
LONRHO PLC
("Lonrho" or the "Company")
General Meeting approves conversion rights for US$ 70m guaranteed convertible
bond
The Company is pleased to announce that at the General Meeting held today, the
Resolution was passed to authorise the grant of the conversion rights under the
US$ 70,000,000 guaranteed convertible bonds issued by LAH Jersey Limited the
Company's wholly owned direct subsidiary.
David Lenigas, Lonrho Executive Chairman stated :
I am delighted that there was overwhelming support from shareholders for the
Company entering into the US$70 million guaranteed convertible bond. This is a
significant step for the growth of the Company. The proceeds of the bond will be
utilised to restructure some existing expensive debt in Africa and fast track
the expansion of Lonrho's agricultural division's ability to produce, source and
deliver fish, fruit and vegetables from Southern Africa to the exciting USA
retail sector.
Enquiries
+---------------------------------------+---------------------+
| Lonrho Plc | |
+---------------------------------------+---------------------+
| David Lenigas, Executive Chairman | +44 (0)20 7016 5105 |
+---------------------------------------+---------------------+
| Geoffrey White, Chief Executive | +44 (0)20 7016 5105 |
| Officer | |
+---------------------------------------+---------------------+
| David Armstrong, Finance Director | +44 (0)20 7016 5105 |
+---------------------------------------+---------------------+
| Emma Priestley, Executive Director | +44 (0)20 7016 5105 |
+---------------------------------------+---------------------+
| | |
+---------------------------------------+---------------------+
| Beaumont Cornish Limited(Nomad) | |
+---------------------------------------+---------------------+
| Rosalind Hill Abrahams | +44 (0) 20 7628 |
| | 3396 |
+---------------------------------------+---------------------+
| | |
+---------------------------------------+---------------------+
| Pelham Bell Pottinger | |
+---------------------------------------+---------------------+
| Charles Vivian | +44 (0) 20 7861 |
| | 3126 |
+---------------------------------------+---------------------+
| | +44 (0) 7977 297 |
| | 903 |
+---------------------------------------+---------------------+
| James MacFarlane | +44 (0) 20 7861 |
| | 3864 |
+---------------------------------------+---------------------+
| | +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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