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July 15, 2011
LONMIN : LEM Trust Distribution of Proceeds of Incwala BBBEE Funds
Lonmin PlcLEM Trust Distribution of Proceeds of Incwala BBBEE Funds
Lonmin Plc (Lonmin), Shanduka Resources (Proprietary) Limited (Shanduka) and the National Union of Mineworkers (NUM) are pleased to announce that following the disposal by Lonplats Employee Masakhane Trust (LEM Trust) of its indirect shareholding in Lonmin to Shanduka in July 2010, qualifying members of the LEM Trust will today receive proceeds from this sale.
The LEM Trust was one of the original HDSA shareholders in Incwala Resources and their disposal of shares was made as part of the recent restructuring of Incwala Resources, Lonmin's BEE vehicle which is now majority owned by Shanduka Resources and which owns
Posted by StaffWriter at July 15, 2011 8:06 AM