Business
Re: Luksic Family Interest
Re: Luksic Family Interest.
About this update from Antofagasta Plc
[{"type":"text","content":"\n Antofagasta PLC\n20 June 2006\n\n\n\n Antofagasta plc\n\n\n Luksic Family Interests\n\n\nLondon, 20 June 2006\n\n\nAntofagasta plc ('Antofagasta') has been informed of certain changes in the\nstructure of the Luksic family interests in shares of Antofagasta and of\nincreases to the number of shares held as a result of yesterday's 4-for-1 bonus\nissue (the 'Bonus Issue'). These changes do not alter the combined overall\npercentage interest that the Luksic family controls in Antofagasta.\n\nPreviously, Sandypoint Establishment ('Sandypoint') held 27,975,408 ordinary\nshares in the capital of Antofagasta ('ordinary shares') and Metalinvest\nEstablishment ('Metalinvest') held 100,000,000 ordinary shares and 1,882,396 5%\ncumulative preference shares in the capital of Antofagasta ('preference shares\n'). Each of Sandypoint and Metalinvest was controlled by the E. Abaroa\nFoundation ('Abaroa') and their combined interests represented 64.91% of the\nordinary shares and 94.12% of the preference shares of Antofagasta. Aureberg\nEstablishment ('Aureberg'), which is controlled by Antofagasta's chairman, Mr\nJ-P Luksic, held a minority interest in Sandypoint.\n\nOn 24 April 2006, as part of a reorganisation, Kupferberg Establishment ('\nKupferberg'), which is controlled by Abaroa, acquired Abaroa's interests in\nSandypoint and thereby acquired control of Sandypoint and became interested in\nthe 27,975,408 ordinary shares which continued to be held by Sandypoint. This\nreorganisation did not affect the interests of Abaroa or Sandypoint in\nAntofagasta.\n\nThen, on 15 June 2006, Sandypoint distributed in kind 19,582,786 ordinary shares\nto Kupferberg and 8,392,622 ordinary shares to Aureberg, and therefore ceased to\nbe interested in any shares of Antofagasta.\n\nSubsequently, the Bonus Issue resulted in a further 400,000,000 ordinary shares\nbeing issued to Metalinvest, a further 78,331,144 ordinary shares being issued\nto Kupferberg and a further 33,570,488 ordinary shares being issued to Aureberg.\n\n\nAccordingly, following this reorganisation and the Bonus Issue (and taking into\naccount the new ordinary shares issued pursuant to the Bonus Issue):\n\n(a) Abaroa has ceased to be interested in the ordinary shares now held by\nAureberg and is now interested in 597,913,930 ordinary shares and 1,882,396\npreference shares (approximately 60...