RNS Number : 4341I
Lonmin PLC
11 March 2010
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Lonmin PLC - Directorate Change
Lonmin is pleased to announce that Dr Len Konar has agreed to join the Lonmin board with effect from 11 March 2010 as a non-executive director. Dr Konar will join the Audit & Risk Committee and, as a non-executive, also becomes a member of the Nomination Committee.
Dr Konar (56) is a South African national and holds degrees in accounting from the universities of Durban-Westville in South Africa and Illinois at Chicago, as well as a D.Com from the University of South Africa. A South African chartered accountant, Dr Konar is a member of the King Committee on Corporate Governance as well as a number of other professional bodies in South Africa. He currently serves on a number of company boards, including the South African Reserve Bank, Alexander Forbes, Sappi Group and Exxaro Resources, where he is the chairman. He has previously held posts with Old Mutual South Africa, the International Monetary Fund, where he chaired the audit committee, and the Independent Development Trust where he was the executive director and, among other activities, was responsible for the internal audit and investment portfolios. Prior to that he was a professor in and head of the Department of Accountancy at the University of Durban-Westville.
In accordance with the Listing Rules, Lonmin confirms that there are no additional matters relating that would require disclosure under LR 9.6.13 R (1) to (6). Dr Konar has no beneficial interests in Lonmin ordinary shares of $1 each.
Commenting on the appointment, Roger Phillimore, Chairman of Lonmin said:
"I am very pleased that Len has agreed to join our board. He is a respected and well connected businessman in South Africa. We look forward to the contribution he will make to the development of Lonmin in the years to come and in helping us address the continuing challenges of transformation in our South African operations."
Enquiries:
Rob Gurner +44 (0)207 201 6050
Head of Investor Relations
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Lonmin PLC.
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PRODUCER |
CODE : LMI.L |
ISIN : GB0031192486 |
CUSIP : 54336Q203 |
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Lonmin is a gold and platinum producing company based in United kingdom. Lonmin produces gold, platinum, palladium and rhodium in South Africa, and holds various exploration projects in Canada, in Gabon, in South Africa and in Tanzania. Its main assets in production are PANDORA JV, LIMPOPO, MARIKANA, EASTERN PLATINUM (EPL) and KAREE MINE (WPL) in South Africa and its main exploration properties are LUWUMBU in Tanzania, PANTON in Australia, MESSINA PLATINIUM and WESTERN PLATINUM in South Africa and WINDY LAKE in Canada. Lonmin is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 21.4 billions as of today (US$ 25.0 billions, € 22.0 billions). Its stock quote reached its highest recent level on August 28, 2009 at GBX 9 964.65, and its lowest recent point on June 28, 2019 at GBX 75.60. Lonmin has 282 784 288 shares outstanding. |