Disposal of Shares

RNS Number : 4640R

LonZim PLC

30 April 2009

 



30 April 2009

LONZIM PLC

('LonZim' or the 'Company')

                             Disposal of Shares

LonZim announces that it has  sold 40.5 million ordinary shares in Lonrho plc, the AIM Listed African focussed investment Company,  at a price of 7 pence per share for a total consideration of £2.83m. The proceeds of the disposal will be used to pursue LonZim's investing strategy and for general working capital purposes.

Based on the average purchase price of these shares the net profit on the disposal is approximately £807,000.

Following this disposal LonZim's holding in Lonrho plc is 19.18 million ordinary shares representing 2.51 % of the issued share capital.

ENQUIRIES

LonZim Plc	[phone]
David Lenigas, Executive Chairman	[phone]
Geoffrey White, Chief Executive Officer	[phone]
Emma Priestley, Executive Director	[phone]
WH Ireland Ltd: NOMAD and Broker
James Joyce	[phone]
Sarang Shah
Philip Haydn-Slater (Broker)
Pelham Public Relations
Charles Vivian	[phone] [phone]
James MacFarlane	[phone] [phone]

 

END

 

 

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