Lonmin Share News (LMI)

BROKER RATINGS SUMMARY: Exane BNP Raises Pearson To Outperform

South Africa's PIC lifts stake in Lonmin to just under 30%

(ShareCast News) - The Public Investment Corporation of South Africa has upped its stake in beleaguered platinum miner Lonmin to 29.9% from 7% after it purchased shares in the company's heavily-discounted rights issue. "The Lonmin board and management thank all shareholders and appreciate the valuab

South Africa's PIC increases stake in platinum miner Lonmin

JOHANNESBURG, Dec 14 (Reuters) - South Africa's Public Investment Corporation (PIC) has increased its stake in platinum producer Lonmin to almost 30 percent after buying more shares via the company's rights issue. The PIC, which manages South African government employee retirement funds, no

Sunday newspaper round-up: Debenhams, Buy-to-Let boom, Lonmin

(ShareCast News) - Debenhams has watered down the targets its bosses need to hit to receive multimillion-pound paydays, saying the lower hurdles reflect "ongoing challenges in the UK retail sector". The struggling department store chain, whose chief executive resigned in October after a wave of shar

UPDATE 3-Lonmin shareholders shun crucial $400 mln rights issue

* Lonmin says 71 pct of shares on offer sold * Underwriters to find more buyers or take up shares * Shares fall more than 7 percent (Adds results of rump placing, analyst comment; updates shares) By Olivia Kumwenda-Mtambo JOHANNESBURG, Dec 11 (Reuters) - Platinum produce

Lonmin Confirms Remaining Shares Under Rights Issue Placed (ALLISS)

Crucial Lonmin rights issue sees 71% take-up

(ShareCast News) - Beleaguered platinum miner Lonmin reported a 71% take-up of its heavily-discounted $407m (£269m) right issue. The company said on Friday that it had received acceptances in respect of 19bn new shares out of the 27bn it was selling. The shares were priced at 1p each, which is a 94

Lonmin Sees Lack Of Appetite For Rights Issue Despite Big Discount (ALLISS)

Lonmin says $400 million rights issue undersubscribed

JOHANNESBURG, Dec 11 (Reuters) - Beleagured platinum producer Lonmin said on Friday its deeply discounted $400 million share issue was undersubscribed with about 71 percent taken up. The company, which is seeking cash to stay afloat, said it had received acceptances for 19 billion new share

UPDATE 3-Glencore shares jump on debt reduction, spending cuts

* Targets net debt of $18 bln-$19 bln by end 2016 * Trading adjusted earnings seen at $2.5 bln in 2015 * Trading earnings seen at $2.4 bln to $2.7 bln in 2016 * Shares up 12 percent (Adds CEO, CFO comments, updates shares) By Olivia Kumwenda-Mtambo JOHANNESBURG, De

Lonmin Shareholders Approve USD407 Million Rights Issue (ALLISS)

UPDATE 3-Lonmin shareholders approve crucial cut-price rights issue

* Lonmin seeks $400 million to survive low prices * Priced the rights issue at 1 pence a share * Majority of shareholders approve the share sale * Concerns over viability of business remain (Adds Old Mutual, Investec stakes) By Atul Prakash and Clara Denina LONDON,

RPT-Lonmin shareholders provisionally approve rights issue

(Repeats to attach to news alerts) LONDON, Nov 19 (Reuters) - Lonmin shareholders on Thursday provisionally approved the company's proposal to raise $407 million in a share issue. The final results of the votes will be announced later in the day, the company's Chairman Brian Beamish

Lonmin shareholders provisionally approve rights issue

LONDON, Nov 19 (Reuters) - Lonmin shareholders on Thursday provisionally approved the company's proposal to raise $407 million in a share issue. The final results of the votes will be announced later in the day, the company's Chairman Brian Beamish said after the shareholder meeting in Lo

RPT-Lonmin shareholders to vote on cut-price rescue rights issue

(Repeats earlier story. No change to text.) By Olivia Kumwenda-Mtambo JOHANNESBURG, Nov 19 (Reuters) - Lonmin shareholders will on Thursday decide whether to approve a deeply-discounted $407 million share issue, as the beleaguered platinum producer seeks cash to stay afloat. Bat