🕐01.04.11 - 14:27 Uhr
LONRHO Plc to graduate to the Premium List of the UK Stock Exchange Main Market
Following yesterdays publishing of prospectus, please find below and
attached the Media Release for LONRHO Plc.
LONRHO Plc
Lonrho Plc to join the Premium List of the UK Stock Exchange Main Market
Lonrho Plc (LONR) has had its prospectus approved by the UK Listing
Authority to join London Stock Exchange Main Market as a Premium
Listing.
The Company will make the transfer from the London AIM market and is
scheduled to be admitted to trading the Main Market (Premium Listing) on
26th April 2011.
Lonrho has a one hundred year history of building successful businesses
across sub Saharan Africa and is currently operating in seventeen
countries in five strategic divisions focused on servicing the
infrastructure and support requirements for the rapidly growing
agriculture, oil and mineral sectors in Africa.
www.lonrho.com
Africa is increasingly becoming a more prominent emerging market and as
a result is attracting the attention of global investment funds that
understand the opportunities available on the continent in the
agricultural, oil and mineral sectors and the economic potential of a
population that is approaching one billion consumers.
The Lonrho businesses are directly aligned with the key drivers of
African economic growth, and the transition to the Premium List on the
UK Main Market will significantly expand the Companys exposure to a
wider base of global institutional investors providing increased access
to capital markets and potential investors.
David Lenigas, Executive Chairman of Lonrho Plc, commented:
"Lonrhos rise to the UK Main Market (Premium Listing) is a significant
step in the continued growth of the Company.
We are seeing an increasing
appetite from global investors to partake in the economic growth of
Africa.
Lonrho provides an interesting opportunity for investors in that
it only operates in Africa; is working in seventeen countries across the
Continent; and is focused on providing the infrastructure and support
services to the agriculture, oil and mineral sectors, the drivers of
African growth "
Philippe Polman
Account Manager
Direct line: +44 (0)20 7861 3921
Mobile: +44 (0)7841 672 830
Pelham Bell Pottinger
5th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD
Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233
www.pelhambellpottinger.co.uk
.......................................
A CarbonNeutral(r) company
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