Business
Secondary Placing
Secondary Placing.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n Hochschild Mining PLC\n13 November 2007\n\n\n\n\n Result of Secondary Placing of Ordinary Shares in Hochschild Mining plc\n ('Hochschild' or the 'Company')\n\n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,\n CANADA, AUSTRALIA OR JAPAN.\n\nJPMorgan Cazenove Limited ('JPMorgan Cazenove' or the 'Manager') has completed a\nsecondary placing of 10,225,000 ordinary shares in Hochschild (the 'Placing\nShares'), representing in aggregate 3.33 per cent. of the issued share capital\nof the Company (the 'Placing'), at a price of 440 pence per share.\n\nThe sellers of the ordinary shares were Alberto Beeck and Roberto Danino\n(together the 'Selling Shareholders') who sold 8,500,000 and 1,725,000 shares\nrespectively.\n\nThe Placing was intended to allow the Selling Shareholders to diversify their\ninvestment portfolios and increase the free float and trading in the Company's\nshares. Following this placing, the Selling Shareholders, Alberto Beeck and\nRoberto Danino, continue to own 25,112,074 and 1,725,000 ordinary shares in\nHochschild, representing c. 8.17 per cent. and 0.56 per cent. respectively of\nthe issued share capital of the Company. The Selling Shareholders have consented\nto a lock-up of 120 days with respect to their residual holdings.\n\nEnquiries:\n\nJPMorgan Cazenove\nIan Hannam +44 (0)20 7588 2828\nAndrew Wray\n\n\nMEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS\nANNOUNCEMENT AND THE PLACING ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS WHO\nARE (1) QUALIFIED INVESTORS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC AND ANY\nRELEVANT IMPLEMENTING MEASURES (THE 'PROSPECTUS DIRECTIVE') AND (2) WHO HAVE\nPROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN\nARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL\nPROMOTION) ORDER 2005 (THE 'ORDER') OR ARE PERSONS FALLING WITHIN ARTICLE 49(2)\n(A) TO (D) ('HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC') OF THE\nORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE\nLAWFULLY BE MADE (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT\nPERSONS'). THE INFORMATION REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENT\nMUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY\nINVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOU...