LONDON, UK, April 1 /CNW/ - 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. http://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 Company's 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:
"Lonrho's 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 "
SOURCE Lonrho PLC
For further information:
Pelham Bell Pottinger: Charles Vivian +44-(0)-20-7861-3126, +44-(0)-7977-297903; James MacFarlane, +44-(0)-20-7861-3864, +44-(0)-7841-672-831; Philippe Polman +44-(0)-20-7861-3921, +44-(0)-7841-672-830