RNS Number : 8484O
Lonmin PLC
12 February 2016
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DIRECTORATE CHANGE
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Lonmin Plc (the "Company") today announces the appointment of Kennedy G. Bungane as a non-executive director of the Company, with effect from 1 March 2016.
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Mr Bungane (41) is CEO of Pembani Group Proprietary Limited ("Pembani"), which recently merged with Shanduka, Lonmin's Black Economic Empowerment partner.??Mr Bungane was nominated to the Board pursuant to a contractual arrangement with Shanduka.
Mr Bungane has a BCom in Corporate Finance & Investment Finance, an MBA in Advanced Corporate Finance from the University of Pretoria and he completed an Advanced Management Program at the Harvard Business School.???? Prior to Pembani, Mr Bungane was CEO of Barclays Africa Limited and was Chairman of both the UK incorporated Barclays Africa Limited board and the Barclays Africa Regional Management Executive Committee. Mr Bungane was also CEO of the Corporate and Investment Bank at Standard Bank of South Africa and a member of the Standard Bank Group Executive Committee.
In addition to his position at Pembani, Mr Bungane is also a non-executive director of Kangra Coal (Pty) Limited.
In accordance with the Listing Rules, Lonmin confirms that there are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6).??Mr Bungane has no direct beneficial interests in Lonmin ordinary shares of $0.0001 each.
Brian Beamish, Chairman of Lonmin said "I am pleased to welcome Kennedy to our Board.?? He brings with him significant corporate experience and knowledge, particularly in a South African context.?? Kennedy will, I have no doubt, be a much valued contributor to the Lonmin Board."
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ENQUIRIES
Investors / Analysts:
Lonmin
?? Tanya Chikanza (Head of Investor Relations) |
+27 11 218 8358 /
+44 20 7201 6007 |
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Media:
Cardew Group
?? Anthony Cardew |
+44 20 7930 0777 |
?? Sue Vey |
+27 60 523 7953 |
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This information is provided by RNS
The company news service from the London Stock Exchange
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BOAGGUUCPUPQGQG
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Lonmin PLC.
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PRODUCER |
CODE : LMI.L |
ISIN : GB0031192486 |
CUSIP : 54336Q203 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Lonmin is a gold and platinum producing company based in United kingdom. Lonmin produces gold, platinum, palladium and rhodium in South Africa, and holds various exploration projects in Canada, in Gabon, in South Africa and in Tanzania. Its main assets in production are PANDORA JV, LIMPOPO, MARIKANA, EASTERN PLATINUM (EPL) and KAREE MINE (WPL) in South Africa and its main exploration properties are LUWUMBU in Tanzania, PANTON in Australia, MESSINA PLATINIUM and WESTERN PLATINUM in South Africa and WINDY LAKE in Canada. Lonmin is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 21.4 billions as of today (US$ 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. |