RNS Number : 2405V
Lonmin PLC
09 January 2012
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9 January 2012
Notification of Directors' and PDMRs' share dealings pursuant to DTR 3.1.4 R
Lonmin Plc (the "Company") confirms that the award for 15,718 shares in the Company granted to Ian Farmer, Chief Executive Officer, on 7 January 2009 under the Long Term Incentive Plan lapsed in full on 7 January 2012.
The LTIP Award was subject to a performance condition comprising two independent parts:
? 50% was subject to Lonmin TSR relative to a group of 20 mining and metals companies over the three years ending 31 October 2011, in each case normalised into US dollars. The Company finished below median and this portion of the LTIP Award lapsed.
? The other 50% was subject to a share price test over the three years ending 31 October 2011. The Company finished below the threshold level and this portion of the LTIP Award also lapsed.
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Lonmin PLC.
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PRODUCER |
CODE : LMI.L |
ISIN : GB0031192486 |
CUSIP : 54336Q203 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |