Disposal of Shares

RNS Number : 8357E

LonZim PLC

30 December 2009

 



30th December 2009

    LONZIM PLC

    (the "Company")

    Disposal of Shares

Lonzim plc announces that today it has sold all of its remaining holding in Lonrho plc of 10 million ordinary shares, that it had held as a short term investment, for a total consideration of

£ 1,000,000 generating a profit on disposal of £500,000. The proceeds will be used to supplement the Company's working capital.

For further information, please contact:

LonZim Plc
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]
Pelham Public Relations
Charles Vivian		[phone]
		[phone]
James MacFarlane		[phone]
		[phone]

 

END

 

 

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