LONDON, April 1, 2011 /PRNewswire-FirstCall/ -- Lonrho
Plc (LONR) has had its prospectus approved by the UK Listing
Authority to join London Stock Exchange Main Market as a Premium
Listing.
The Company will make the transfer from the London AIM market
and is scheduled to be admitted to trading the Main Market (Premium
Listing) on 26th April 2011.
Lonrho has a one hundred year history of building successful
businesses across sub Saharan Africa and is currently operating in
seventeen countries in five strategic divisions focused on
servicing the infrastructure and support requirements for the
rapidly growing agriculture, oil and mineral sectors in
Africa. http://www.lonrho.com
Africa is increasingly becoming
a more prominent emerging market and as a result is attracting the
attention of global investment funds that understand the
opportunities available on the continent in the agricultural, oil
and mineral sectors and the economic potential of a population that
is approaching one billion consumers.
The Lonrho businesses are directly aligned with the key drivers
of African economic growth, and the transition to the Premium List
on the UK Main Market will significantly expand the Company's
exposure to a wider base of global institutional investors
providing increased access to capital markets and potential
investors.
David Lenigas, Executive Chairman of Lonrho Plc, commented:
"Lonrho's rise to the UK Main Market (Premium Listing) is a
significant step in the continued growth of the Company. We are
seeing an increasing appetite from global investors to partake in
the economic growth of Africa.
Lonrho provides an interesting opportunity for investors in that it
only operates in Africa; is
working in seventeen countries across the Continent; and is focused
on providing the infrastructure and support services to the
agriculture, oil and mineral sectors, the drivers of African growth
"
Enquiries:
Pelham Bell Pottinger
Charles Vivian +44-(0)-20-7861-3126
+44-(0)-7977-297903
James MacFarlane +44-(0)-20-7861-3864
+44-(0)-7841-672-831
Philippe Polman +44-(0)-20-7861-3921
+44-(0)-7841-672-830
SOURCE Lonrho Plc