Business
Purchase of Shares
Purchase of Shares.
About this update from Antofagasta Plc
[{"type":"text","content":"\n Antofagasta PLC\n27 February 2006\n\n\n ANTOFAGASTA PLC\n\n Antofagasta reaches 12.19% interest in Tethyan\n\nLondon, 27 February 2006: Antofagasta PLC ('Antofagasta') is pleased to announce\nthat it has today filed a notice with the Australian Stock Exchange confirming\nthe on-market purchase of a further 4,300,000 shares at a price of A$1.20 per\nshare in Tethyan Copper Company Limited ('Tethyan') on Friday, 24 February\n2006. Antofagasta's on-market share purchases now total 16,142,910 Tethyan\nshares, which represents an interest of 12.19% in Tethyan's issued share\ncapital.\n\nOn 14 February 2006, Antofagasta announced that it had reached agreement with\nTethyan on the terms for a recommended cash offer of A$1.20 per share for the\nentire issued share capital of Tethyan.\n\nRothschild is advising Antofagasta in relation to this transaction.\n\n\nEnquiries - London Enquiries - Santiago\nAntofagasta PLC Antofagasta Minerals S.A.\nTel: +44 20 7808 0988 Alejandro Rivera\nwww.antofagasta.co.uk Tel: +562 377 5145\n\nDesmond O'Conor Email: [email protected]\nEmail: [email protected] Enquiries - Australia\n\nBankside Consultants N M Rothschild (Australia) Ltd\n (financial advisers)\nTel: +44 20 7367 8873 / +44 7885 356 639 Tel: +61 2 9323 2000\n\nKeith Irons Marshall Baillieu\nEmail: [email protected] Chris Forman\n\n Jackson Wells Morris (public\n relations advisers)\n Tel: +61 2 9904 4333\n Benjamin Haslem\n \n\nAbout Antofagasta PLC\n\nAntofagasta PLC is a Chilean-based mining group listed on the London Stock\nExchange and is a constituent of the FTSE-100 index. Its principal mining assets \ninclude the Los Pelambres, El Tesoro and Michilla mines and the Esperanza copper project. In\naddition to copper mining, Antofagasta's interests include rail and road\ntransport operations and water distribution.\n\nAbout Tethyan Copper Company Limited\n\nTethyan is a company listed on the Australian Stock Exchange. Its principal\nassets are a 75% interest in the exploration licence encompassing the highly\nprospective Chagai Hills region of North West Pakistan known as Reko Diq, which\nincludes the Tanjeel Mineral Resource and the Western Porphyries, and a 100%\ninterest in certain other licences in the region. This mining district hosts\nsignificant copper-gold porphyry deposits as part of an extended copper-gold\nbelt. Teth...