Lonrho Regulatory News (LONR)

28 Apr 2009 10:14



28 April 2009 

LonZim plc

("LonZim" or "the Company")

Extraordinary General Meeting Requisition 

The Company announced on 22 April 2009 that it has been served by Pershing Nominees Limited on behalf of AMB Capital (Ireland) Limited ("AMB"), a company that has recently acquired 20.75% of the Company's issued share capital a requisition to convene an Extraordinary General Meeting ("EGM") of its shareholders. 

The Company has now received a revised requisition request from AMB to amend resolution 1 to clarify AMB's intention to sell the Company's investment portfolio. The new resolution 1 now reads as follows :

THAT the investment objective of the Company be amended to be: "The investment objective of the Company is to manage the sale of the Company's investment portfolio and to maximise the return of invested capital to shareholders during the period ending on 31 December 2010"." 

All other proposed resolutions remain as announced on 22 April 2009.

A circular convening the EGM, together with the Board's recommendations to shareholders, will be sent to shareholders of the Company in due course. 

ENQUIRIES

LonZim Plc +44 (0)20 7016 5105

David Lenigas, Executive Chairman +44 (0)7881 825 378

Geoffrey White, Chief Executive Officer +44 (0)7717 307 308

Emma Priestley, Executive Director +44 (0)7867 785 177

WH Ireland Ltd: NOMAD and Broker

James Joyce +44 (0) 207 220 1666

Sarang Shah

Philip Haydn-Slater (Broker)

Pelham Public Relations

Charles Vivian +44 (0) 20 7337 1538

+44 (0) 7977 297903

James MacFarlane +44 (0) 20 7337 152

+44 (0) 7841 672831