Hochschild Regulatory News (HOC)

13 Nov 2007 15:55

Hochschild Mining PLC13 November 2007 Result of Secondary Placing of Ordinary Shares in Hochschild Mining plc ("Hochschild" or the "Company") NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. JPMorgan Cazenove Limited ("JPMorgan Cazenove" or the "Manager") has completed asecondary placing of 10,225,000 ordinary shares in Hochschild (the "PlacingShares"), representing in aggregate 3.33 per cent. of the issued share capitalof the Company (the "Placing"), at a price of 440 pence per share. The sellers of the ordinary shares were Alberto Beeck and Roberto Danino(together the "Selling Shareholders") who sold 8,500,000 and 1,725,000 sharesrespectively. The Placing was intended to allow the Selling Shareholders to diversify theirinvestment portfolios and increase the free float and trading in the Company'sshares. Following this placing, the Selling Shareholders, Alberto Beeck andRoberto Danino, continue to own 25,112,074 and 1,725,000 ordinary shares inHochschild, representing c. 8.17 per cent. and 0.56 per cent. respectively ofthe issued share capital of the Company. The Selling Shareholders have consentedto a lock-up of 120 days with respect to their residual holdings. Enquiries: JPMorgan CazenoveIan Hannam +44 (0)20 7588 2828Andrew Wray MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THISANNOUNCEMENT AND THE PLACING ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS WHOARE (1) QUALIFIED INVESTORS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC AND ANYRELEVANT IMPLEMENTING MEASURES (THE "PROSPECTUS DIRECTIVE") AND (2) WHO HAVEPROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHINARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIALPROMOTION) ORDER 2005 (THE "ORDER") OR ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC") OF THEORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISELAWFULLY BE MADE (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANTPERSONS"). THE INFORMATION REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENTMUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANYINVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES ISAVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANTPERSONS. This announcement has been issued by the Manager and is the sole responsibilityof the Manager. This announcement is for information purposes only and does notconstitute an offer or an invitation to acquire or dispose of any securities ofHochschild in the United States, Canada, Australia or Japan or in any otherjurisdiction in which such an offer of solicitation is unlawful. The PlacingShares have not been, and will not be, registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offering of securities in the United States. Any investment decision to buy securities in the Placing must be made solely onthe basis of publicly available information which has not been independentlyverified by the Manager or the Selling Shareholders. Neither this announcement nor any copy of it may be taken, transmitted ordistributed, directly or indirectly in or into the United States, Canada,Australia or Japan. Any failure to comply with this restriction may constitute aviolation of United States, Canadian, Australian or Japanese securities laws.The distribution of this announcement and the offering or sale of the PlacingShares in certain jurisdictions may be restricted by law. No action has beentaken by the Manager, or any of their respective affiliates, or any other personthat would permit an offer of the Placing Shares or possession or distributionof this announcement or any other offering or publicity material relating to thePlacing Shares in any jurisdiction where action for that purpose is required.Persons into whose possession this announcement comes are required by theManager to inform themselves about and to observe any such restrictions. The lock-up arrangement referred to above is subject to customary exceptions. Adisposal of locked-up shares may be permitted with the prior consent of theManager. The Manager is acting for the Selling Shareholders only in connection with thePlacing, and no one else, and will not be responsible to anyone other than theSelling Shareholders for providing the protections offered to clients of theManager nor for providing advice in relation to the Placing. - ends - This information is provided by RNS The company news service from the London Stock Exchange