Business
Luksic Family Interests
Luksic Family Interests.
About this update from Antofagasta Plc
[{"type":"text","content":"\n RNS Number : 7953Z Antofagasta PLC 28 September 2009 \n \n\nAntofagasta plc\n\nLuksic Family Interests\n\nLondon, 28 September 2009\n\n\nAntofagasta plc ('Antofagasta') has been informed of certain changes in the Luksic family interests in shares of Antofagasta.\n\nMr A A Luksic, former Chairman and Honorary President of Antofagasta, owned 23,636 ordinary shares in the capital of Antofagasta at the time of his death in August 2005. The 4-for-1 bonus issue of ordinary shares in June 2006 resulted in a further 94,544 ordinary shares being issued in the name of Mr A A Luksic. Accordingly, a total of 118,180 ordinary shares were registered in the name of Mr A A Luksic. This holding represents approximately 0.01% of the issued ordinary share capital of Antofagasta. In accordance with Chilean law, Mr A A Luksic's widow and children (including Mr J-P Luksic, and Mr G A Luksic, both directors of Antofagasta) (together, the 'Beneficiaries') are together entitled to share in the estate of Mr A A Luksic which includes these 118,180 ordinary shares. \n\nOn 22 September 2009, at the request of the Beneficiaries, these shares were transferred to Kupferberg Establishment ('Kupferberg'), which is controlled by the E. Abaroa Foundation ('Abaroa'), for an aggregate consideration of £904,667.90 (representing market value at the close of the previous day). Various members of the Luksic family, including Mr J-P Luksic and Mr G A Luksic, are interested in Abaroa; however, no individual Luksic family member holds a controlling interest.\n\nOn 28 September 2009, Antofagasta received notifications under Disclosure and Transparency Rule 3 from Mr JߛP Luksic and Mr G A Luksic in relation to the transfer of the shares to Kupferberg.\n\n\n\nEnquiries Issued by\nAntofagasta plc &n...