Lonmin calls all $215.8 million of 3.75% convertible bonds

By Laura Lutz

Des Moines, Nov. 15 - Lonmin plc announced that it plans to redeem all of its $215.795 million outstanding principal amount of 3.75% convertible bonds due 2008.

Holders may choose to convert the bonds until 11 a.m. ET on Dec. 12 at a conversion price of £12.3277 per ordinary share, or 49.0141 shares for each $1,000 principal amount of bonds.

Any bonds not converted will be redeemed for cash on Dec. 18.

Full conversion of all of the bonds would result in the issue of 9,776,109 new shares and an outstanding share capital of 154,052,372 shares.

Lonmin is a mining company based in London.

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