14 Aug 2008 12:11
14 August 2008
LONRHO PLC
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Lonrho Plc
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( )
……………..
3. Full name of person(s) subject to the notification obligation:
Ospraie Management, LLC
4. Full name of shareholder(s) (if different from 3.) :
See section 9 below
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
11 August 2008
6. Date on which issuer notified:
13 August 2008
7. Threshold(s) that is/are crossed or reached:
3.00% (The Ospraie Portfolio Ltd.) and 5.00% (Ospraie Management, LLC)
8. Notified details:
A: Voting rights attached to shares
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
|
| Number of shares | Number of voting Rights |
| GB0002568813 | 22,824,511 *as of previous filing on 23/7/08 | 5.41% *as of previous filing on 23/7/08 |
| 16,508,375 *as of previous filing on 23/7/08 | 3.92% *as of previous filing on 23/7/08 | |
Resulting situation after the triggering transaction
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
|
| Direct | Direct | Indirect | Direct | Indirect |
| GB0002568813 | n/a | n/a | 16,809,393 (Ospraie Management, LLC) | n/a | 3.69% (Ospraie Management, LLC) |
| 11,515,827 (The Ospraie Portfolio Ltd.) | n/a | 2.53% (The Ospraie Portfolio Ltd.) | |||
B: Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| n/a | n/a | n/a | n/a | n/a |
Total (A+B)
| Number of voting rights | % of voting rights |
| 16,809,393 | 3.69% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
In the narrative below, the figures in brackets indicate the amount of voting rights and the percentage held by controlled undertakings where relevant.
Ospraie Management, LLC (16,809,393; 3.69%), a discretionary investment manager, is a controller of The Ospraie Portfolio Ltd (11,515,827; 2.53%).
Ospraie Advisors, L.P. ("Ospraie Advisors"), a discretionary investment manager, is a controller of The Ospraie Special Opportunities Master Holdings Ltd (5,293,566; 1.16%). Ospraie Advisors LLC, in its capacity as general partner, is a controller of Ospraie Advisors. Ospraie Management, LLC, in its capacity as managing member, is a controller of Ospraie Advisors, LLC.
Proxy Voting:
10. Name of the proxy holder:
n/a
11. Number of voting rights proxy holder will cease to hold:
n/a
12. Date on which proxy holder will cease to hold voting rights:
n/a
13. Additional information:
The shares referred to in Section 9 above are held in portfolios managed by those firms on a discretionary basis for its clients.
14. Contact name:
Jim Hughes
15. Contact telephone number:
+44(0)20 7016 5105