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4 May 2010 16:50
The following amendments have been made to the announcement released on 04/05/10 at 8.00 under RNS ref 2376L.
The announcement has been amended by the addition of the 4th paragraph and appendix A.
All other details remain unchanged.
The full amended text is shown below.
4 May 2010
Metminco Limited Achieves Control of
Hampton Mining Limited
As previously announced, on 17 March 2010 Metminco notified Junior Investment Company (JIC) of its intention to exercise its option to acquire JIC's shareholding in Hampton Mining Limited (Hampton).
On 9 April 2010 JIC, as required by Hampton's Constitution, advised all Hampton shareholders of its intention to sell its 66,393,750 fully paid ordinary shares in Hampton (JIC Shares). In accordance with the pre-emptive rights process set out in Hampton's Constitution, Hampton issued all shareholders other than JIC a pro-rata offer to purchase JIC's Shares on or before 5 May 2010 (First Round Offer). Metminco has exercised its pre-emption rights entitlement under the First Round Offer in full to acquire 36,443,942 fully paid ordinary shares in Hampton (Hampton Shares) for consideration of US$6,586,878.08 in cash and by the issue of 72,887,884 fully paid shares (Ordinary Shares) in Metminco to JIC. The acquisition of these Hampton shares lifts Metminco's ownership of Hampton to approximately 55%.
Subject to the extent to which other Hampton shareholders exercise their pre-emptive rights entitlements under the First Round Offer in respect of the JIC Shares, Metminco may acquire further Hampton Shares either by way of a second round offer to Hampton shareholders and/or by completion of the agreement with JIC. If no other Hampton shareholder exercises their pre-emptive rights under the First Round Offer then Metminco interest's in Hampton will increase to approximately 69%.
Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM. It is anticipated that Admission will become effective and dealings will commence on or around 10 May 2010. The new Ordinary Shares will rank pari passu, in all respects, with the existing Ordinary Shares that are currently in issue and are traded on AIM. Following admission of these shares, there will be a total of 565,629,659 Ordinary Shares in issue.
Appendix A: Shareholding Metminco Limited
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Distribution of Shareholders: |
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Category (size of holding) |
Number of Ordinary Shareholders |
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1 - 1,000 |
17 |
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1,001 - 5,000 |
81 |
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5,001 - 10,000 |
140 |
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10,001 - 100,000 |
406 |
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100,001 and above |
257 |
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Total |
901 |
20 Largest Shareholders - Ordinary Shares:
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Holder Name |
Number of Ordinary Fully Paid Shares Held |
Percentage Held of Issued Ordinary Capital |
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1 |
JUNIOR INVESTMENT COMPANY |
72,887,884 |
12.9% |
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2 |
COMPUTERSHARE CLEARING PTY LTD |
59,169,099 |
10.5% |
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3 |
MINING INVESTMENT SERVICES (ATF WSE SUPERANNUATION FUND) |
49,600,000 |
8.8% |
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4 |
TANGARRY PTY LTD |
41,066,664 |
7.3% |
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5 |
NJ HOWE & WJ HOWE (ATF HOWE SUPERANNUATION FUND) |
30,800,000 |
5.5% |
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6 |
WILNIC PTY LTD |
17,464,168 |
3.1% |
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7 |
ANZ NOMINEES LIMITED |
16,524,915 |
2.9% |
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8 |
MR MAXWELL JAMES GREEN |
15,600,000 |
2.8% |
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9 |
MARATHON CREST PTY LTD |
14,049,902 |
2.5% |
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10 |
MINING INVESTMENT SERVICES |
12,800,000 |
2.3% |
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11 |
BEATINVEST LIMITED |
11,469,850 |
2.0% |
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12 |
MR M. JAMES GREEN & RL GREEN (ATF GREEN SUPERANNUATION FUND) |
10,400,000 |
1.8% |
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13 |
CHILE COPPER MINE PTY LTD |
10,266,668 |
1.8% |
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14 |
MONETTI PTY LTD |
8,449,526 |
1.5% |
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15 |
NUTSVILLE PTY LTD |
6,100,000 |
1.1% |
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16 |
MR COLIN SINCLAIR & MS MARIA JAUREGUIBERRY (SINCLAIR FAMILY S/F A/C) |
5,578,956 |
1.0% |
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17 |
HAMMERFEST INVESTMENTS |
5,566,668 |
1.0% |
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18 |
MR NEVILLE JOEL KATZ |
5,130,952 |
1.0% |
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19 |
MR MICHAEL HJ COWIE & MRS MARY COWIE (MHJ COWIE PVT S/F A/C) |
4,500,000 |
0.8% |
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20 |
MRS MARY COWIE |
4,000,000 |
0.7% |
For further information please contact:
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Metminco Limited |
Tel: +61 (0)407 524 235 |
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John Fillmore |
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Daniel Stewart and Company plc |
Tel: 020 7776 6550 |
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Oliver Rigby |
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Buchanan Communications |
Tel: 020 7466 5000 |
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Tim Thompson / James Strong / Katharine Sutton |
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