21 May 2010 07:45
Metminco Limited (LSE: MNC)
("the Company")
Metminco Increases Holding in
Hampton Mining Limited
from 55% to 69%
As 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).
On 4 May 2010 Metminco exercised its pre-emption rights entitlement under the First Round Offer 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 in Metminco to JIC. The acquisition of these Hampton shares increased Metminco's ownership of Hampton to approximately 55%.
As no other Hampton shareholder exercised their pre-emptive rights in the First Round Offer, Metminco was offered the remaining 29,949,808 Hampton Shares in a Repeat Offer.
Metminco exercised its pre-emption rights entitlement under the Repeat Offer in full to acquire 29,949,808 Hampton Shares for consideration of US$5,413,128.30 in cash and by the issue of 59,899,616 fully paid shares in Metminco to JIC. The acquisition of the remaining JIC Shares increases Metminco's ownership of Hampton 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 27 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 775,529,275 Ordinary Shares in issue.
Metminco Shareholders following admission of the new Ordinary Shares
| Distribution of Shareholders: |
|
| Category (size of holding) | Number of Ordinary Shareholders |
| 1 - 1,000 | 17 |
| 1,001 - 5,000 | 80 |
| 5,001 - 10,000 | 142 |
| 10,001 - 100,000 | 429 |
| 100,001 and above | 279 |
| Total | 947 |
20 Largest Shareholders - Ordinary Shares:
|
| Holder Name | Number of Ordinary Fully Paid Shares Held | Percentage Held of Issued Ordinary Capital |
| 1 | HIGHLAND HOLDINGS RESOURCES INC | 150,000,000 | 19.3% |
| 2 | JUNIOR INVESTMENT COMPANY | 132,787,500 | 17.1% |
| 3 | COMPUTERSHARE CLEARING PTY LTD | 57,767,377 | 7.5% |
| 4 | MINING INVESTMENT SERVICES (ATF WSE SUPERANNUATION FUND) | 49,600,000 | 6.4% |
| 5 | TANGARRY PTY LTD | 41,066,664 | 5.3% |
| 6 | NJ HOWE & WJ HOWE (ATF HOWE SUPERANNUATION FUND) | 30,800,000 | 4.0% |
| 7 | WILNIC PTY LTD | 17,464,168 | 2.3% |
| 8 | ANZ NOMINEES LIMITED | 16,374,915 | 2.1% |
| 9 | MR MAXWELL JAMES GREEN | 15,600,000 | 2.0% |
| 10 | MINING INVESTMENT SERVICES | 12,800,000 | 1.7% |
| 11 | NATIONAL NOMINEES LIMITED | 12,600,000 | 1.6% |
| 12 | MR M. JAMES GREEN & RL GREEN (ATF GREEN SUPERANNUATION FUND) | 10,400,000 | 1.3% |
| 13 | CHILE COPPER MINE PTY LTD | 10,266,668 | 1.3% |
| 14 | MONETTI PTY LTD | 8,449,526 | 1.1% |
| 15 | NUTSVILLE PTY LTD | 6,100,000 | 0.8% |
| 16 | MR COLIN SINCLAIR & MS MARIA JAUREGUIBERRY (SINCLAIR FAMILY S/F A/C) | 5,578,956 | 0.7% |
| 17 | HAMMERFEST INVESTMENTS | 5,566,668 | 0.7% |
| 18 | MR NEVILLE JOEL KATZ | 5,130,952 | 0.7% |
| 19 | MARATHON CREST PTY LTD | 4,734,905 | 0.6% |
| 20 | MR MICHAEL HJ COWIE & MRS MARY COWIE (MHJ COWIE PVT S/F A/C) | 4,500,000 | 0.6% |
For further information contact:
Metminco Limited Tel: +61 (0) 407 524 235
John Fillmore
Daniel Stewart & Company plc Tel: 020 7776 6550
Oliver Rigby
Buchanan Communications Tel: 020 7466 5000
Tim Thompson / James Strong /
Katharine Sutton