TORONTO, May 3 /CNW/ - Lonrho Plc has announced that the company has
been admitted to the Premium List of the Main Market of the London
Stock Exchange and has appointed the Rt. Hon. Sir Richard Needham to
the Board of Directors.
The move to the Premium List of the Main Market is a natural progression
as the Company continues to expand its operations across Africa and
will enable the Company to access a wider range of investment
institutions moving forward to support the continued development of the
With operations in seventeen sub Saharan African countries, the Company
is focused on developing the infrastructure and support requirements of
the oil and gas, agriculture and mineral sectors that it sees as the
economic drivers of the African economy.
The Rt. Hon Sir Richard Needham who joins the Board of Lonrho Plc as an
independent non executive director had a distinguished career in
parliament culminating in his time as Britain's longest serving
Minister in Northern Ireland from 1985 - 1992 and as Minister of Trade
from 1992 - 1995. Sir Richard left politics in 1997 and has since
focused on the private sector, and has been a director of GEC Plc,
Meggitt Plc, and currently is the Vice Chairman of NEC Europe Ltd. He
has been on the Board of Dyson Ltd for over 15 years, and is currently
the Senior Independent Director. He has been non-executive Chairman of
Avon Rubber Plc since January 2007.
David Lenigas, Lonrho's Executive Chairman stated:
"We are delighted that Lonrho is now on the premium List of the Main
Market, which is an important step in the growth of the Company.
Investor interest in emerging Africa is growing as Africa is
increasingly seen as a global participant in the oil, gas, mineral and
SOURCE Lonrho PLC
For further information:
Geoffrey White, Chief Executive +44(0)20-7016-5105
Pelham Bell Pottinger
James MacFarlane +44(0)20-7861-3232