Here comes the money?!
RNS News Item
RNS Number : 8315T
Lonrho PLC
13 December 2011
Proposed Firm Placing and Placing and Open Offer to raise approximately £26.9million gross proceeds
The Board of Directors of Lonrho Plc ("Lonrho" or the "Company") is pleased to announce that it is proposing to raise gross proceeds of approximately £26.9 million (approximately £25.4 million net of expenses), through a firm placing and a placing and open offer involving the issue of 269,498,795 New Ordinary Shares at an issue price of 10 pence per New Ordinary Share.
Highlights
· Gross proceeds of approximately £26.9 million (approximately £25.4 million net of expenses) will be held by the Company in cash or cash equivalents and then used in line with the Group's strategy to fund the development of new business opportunities for the Group to complement its current operations.
· Of the New Ordinary Shares being issued, 161,280,925 of the New Ordinary Shares will be issued through the Firm Placing (comprising approximately 59.8% of the total number of New Ordinary Shares to be issued pursuant to the Capital Raising) and 108,217,870 of the New Ordinary Shares will be issued through the Placing and Open Offer (comprising the remaining 40.2%).
· Issue Price of 10 pence represents a discount of zero per cent. to the Closing Price of 10 pence per Ordinary Share on 12 December 2011 (being the last trading day prior to the date of the announcement of the Capital Raising).
· Application has been made to the UK Listing Authority and the London Stock Exchange for the New Ordinary Shares respectively to be admitted to the Official List and to be admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will take place on 4 January 2012.
· Panmure Gordon is acting as sponsor, bookrunner and underwriter to the Company in connection with the Capital Raising.
David Lenigas, Executive Chairman, commented:
"We are delighted at the strong level of support from existing and new shareholders for Lonrho to continue to develop and expand its business. We are seeing a growing interest from global institutions in the opportunities to take part in supporting the growth in the agriculture, oil and mineral sectors in Africa, the specific areas where Lonrho operates."
- Forums
- ASX - By Stock
- LOM
- lonrho africa update
lonrho africa update
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $11.60M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 4.0¢ | $9.799K | 243.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 61992 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 112000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 61992 | 0.040 |
3 | 477871 | 0.039 |
1 | 60000 | 0.037 |
2 | 123111 | 0.036 |
3 | 381414 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 112000 | 1 |
0.045 | 38400 | 2 |
0.046 | 181600 | 2 |
0.047 | 124900 | 2 |
0.048 | 150000 | 1 |
Last trade - 12.50pm 09/10/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online