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LONDON MINING - SETTLEMENT ARRANGEMENTS RELATING TO AIM ADMISSION
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE REPUBLIC OF IRELAND OR ANY OTHER RESTRICTED JURISDICTION
Further to the announcement made on 16th October 2009 regarding the proposed listing on the AIM Market of the London Stock Exchange, London Mining is pleased to announce that a letter has been dispatched to shareholders providing details of the impact that the proposed listing will have on settlement arrangements. The letter also provides details of the action that holders of interests in Ordinary Shares in VPS and registered holders of Ordinary Shares need to take if they wish to hold Ordinary Shares in dematerialised form in CREST.
A copy of the letter to shareholders (together with a Form of Instruction and Transfer Form to be used by VPS shareholders who wish to hold Ordinary Shares in dematerialised form in CREST) is attached and is also available on London Mining's website (www.londonmining.co.uk) and the Oslo Axess website (www.newsweb.no).
For more information, please contact:
London Mining Plc
Thomas Credland, Head of Investor Relations +44 20 7201 5000
Crux Kommunikasjon AS
Charlotte Knudsen +47 9756 1959
Threadneedle Communication (UK)
Laurence Read/ Graham Herring +44 20 7653 9850
About London Mining
Founded in April 2005, London Mining is incorporated and registered in the UK. In 2007, London Mining raised over USD 185 million to advance iron ore production from its projects, and listed on the Oslo Axess, a marketplace regulated by the Oslo Stock Exchange. In 2008, it sold its Brazilian mine to Arcelor Mittal for USD 810m and returned GBP220m to shareholders. The Company currently has iron ore projects and mines in Sierra Leone, Saudi Arabia, Greenland and China, and coal assets in South Africa and Colombia. London Mining trades under the Reuters symbol LOND.OL and Bloomberg symbol LOND:NO.
Disclaimer
The Company is not offering any new ordinary shares of GBP0.002 each in the capital of the Company ("Ordinary Shares") or any other securities in connection with the proposed admission of the Company's Ordinary Shares to trading on the AIM market of the London Stock Exchange ("Admission"). The Ordinary Shares have not been nor will they be, registered under the US Securities Act of 1933, as amended, or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, South Africa or the Republic of Ireland. Subject to certain exceptions, the Ordinary Shares may not be offered or sold in the United States, Australia, Canada, Japan, South Africa or the Republic of Ireland or to or for the account or benefit of any national, resident or citizen of Australia, Canada, Japan, South Africa or the Republic of Ireland or any person located in the United States.
This announcement does not constitute an offer of, or the solicitation of an offer to subscribe for or buy, any Ordinary Shares to any person in any jurisdiction to whom it is unlawful to make such offer or solicitation in such jurisdiction and is not for distribution in, or into, the United States, Australia, Canada, Japan, South Africa or the Republic of Ireland. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves of and observe such restrictions.
Liberum Capital Limited ("Liberum") is regulated by the Financial Services Authority and is acting exclusively for the Company and for no one else in connection with the proposed placing of existing Ordinary Shares (the "Placing") and Admission. Liberum will not be responsible to anyone other than the Company for providing the protections afforded to customers of Liberum or for advising any other person on the contents of this announcement or the Placing and Admission. The responsibility of Liberum as nominated adviser and joint broker to the Company is owed solely to the London Stock Exchange and is not owed to the Company or the Directors or any other person. No representation or warranty, express or implied, is made by Liberum as to the contents of this announcement. No liability whatsoever is accepted by Liberum for the accuracy of any information or opinions contained in this announcement or for the omission of any material information for which it is not responsible.
GMP Securities Europe LLP ("GMP") is regulated by the Financial Services Authority and is acting exclusively for the Company (as joint broker) and for no one else in connection with the Placing and Admission. GMP will not be responsible to anyone other than the Company for providing the protections afforded to customers of GMP or for advising any other person on the contents of this announcement or the Placing and Admission. The responsibility of GMP as joint broker to the Company is owed solely to the London Stock Exchange and is not owed to the Company or the Directors or any other person. No representation or warranty, express or implied, is made by GMP as to the contents of this announcement. No liability whatsoever is accepted by GMP for the accuracy of any information or opinions contained in this announcement or for the omission of any material information for which it is not responsible.
This announcement, including information included or incorporated by reference in this announcement, may contain 'forward-looking statements'. Generally, the words 'will', 'may', 'should', 'could', 'would', 'can', 'continue', 'opportunity', 'believes', 'expects', 'intends', 'anticipates', 'estimates' or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements. London Mining assumes no obligation and does not intend to update these forward-looking statements, except as required pursuant to applicable law or regulation.