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Company Lonmin PLC
TIDM LMI
Headline

Director/PDMR Shareholding

Released 15:45 30-Nov-2012
Number 4853S15

RNS Number : 4853S
Lonmin PLC
30 November 2012
 



30 November 2012

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility pursuant to DTR 3.1.4R

Lonmin Plc (the "Company") announces that it has today been notified of dealings by the Chief Executive Officer, Ian Farmer, and the PDMRs listed below.   The New Shares (nil paid) result from Bonus Invested Shares held by Mr Farmer and the PDMRs in the Company's employee benefit trust by virtue of the Deferred Annual Bonus Plan.

As previously announced, Mr Farmer did not provide an irrevocable undertaking to follow his rights in full in light of the course of medical treatment he is receiving.  Instead, he elected to sell a sufficient number of his New Shares (nil paid) to enable him to use the cash proceeds of this transaction, after the deduction of dealing costs, to take up the remaining New Shares at 140p each.  

Mr Jamieson and Mr Munroe made similar elections, as detailed below, to take up New Shares at R19.4872.

Director

Full entitlement  of New Shares (nil paid)

New Shares (nil paid) sold

Sale price

New Shares (nil paid) to be taken up

Date of transaction

Location of trade

Ian Farmer

 

58,933

30,500

£1.307759

28,433

29 Nov 2012

LSE

 

 

 

PDMR

Full entitlement of New Shares (nil paid)

New Shares (nil paid) sold

Sale price

New Shares (nil paid) to be taken up

Date of transaction

Location of trade

Albert Jamieson

 

19,839

10,454

R17.50

9,385

30 Nov 2012

JSE

Mark Munroe

 

16,596

8,745

R17.50

7,851

30 Nov 2012

JSE

A further announcement of the subscription for the New Shares will be made following the closing of the rights issue on 10 December 2012.

- End -

 

ENQUIRIES

Investors / Analysts:

Lonmin

Tanya Chikanza (Head of Investor Relations)

 

+27 11 218 8300 /

+44 20 7201 6007

Ruli Diseko (Investor Relations Manager)

+27 11 218 8373

 

 Media:

Cardew Group

James Clark / Emma Crawshaw

 

+44 20 7930 0777

Sue Vey

+27 72 644 9777

 

 Brunswick - Johannesburg

Itumeleng Mahabane

+27 11 502 7400 /

+27 83 325 9169

 

Notes to editors

Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is one of the world's largest primary producers of PGMs. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.

 

Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of known global PGM resources are found.

 

The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure - from mine to market. Lonmin's mining operations extract ore from which the Process Division produces refined PGMs for delivery to customers. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.

For further information please visit our website: www.lonmin.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS