TIDMHOC

RNS Number : 7533C

Hochschild Mining PLC

20 October 2015

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS ANNOUNCEMENT.

20 October 2015

Admission of Nil Paid Rights

The Company announces that, pursuant to the Rights Issue announced on 15 October 2015, 137,883,138 New Ordinary Shares of 25 pence each will be admitted to listing on the premium listing segment of the Official List of the UKLA and will be admitted, nil paid, to trading on the London Stock Exchange's main market for listed securities at 8.00 a.m. today. Capitalised terms defined in the Prospectus published on 15 October 2015 shall have the same meaning when used in this announcement.

Enquiries:

 
 Hochschild Mining plc 
 Charles Gordon                         +44 (0)20 3714 9040 
 Head of Investor Relations 
 
 Sponsor and Joint Bookrunner 
 J.P. Morgan Cazenove 
 Ben Davies/Virginia Khoo/Laurene 
  Danon                                 +44 (0)207 742 4000 
 
 Joint Bookrunner 
 BofA Merrill Lynch 
 Omar Davis/Edward Peel/Matthew 
  Blawat                                +44 (0)207 628 1000 
 
 Joint Bookrunner 
 RBC Capital Markets 
 Tristan Lovegrove/Duncan Smith/Ema 
  Jakasovic                             +44 (0)207 653 4000 
 

About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

IMPORTANT NOTICE

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, Nil Paid Rights, Fully Paid Rights or New Ordinary Shares or to take up any entitlements to Nil Paid Rights in any jurisdiction. This announcement cannot be relied upon for any investment contract or decision.

J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), Merrill Lynch International and RBC Europe Limited, who are each authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and are regulated in the United Kingdom by the PRA and the Financial Conduct Authority ("FCA"), are acting for the Company and no one else in connection with the Rights Issue, and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on J.P. Morgan Cazenove, Merrill Lynch International and RBC Europe Limited by FSMA or the regulatory regime established thereunder or otherwise under law, J.P. Morgan Cazenove, Merrill Lynch International and RBC Europe Limited do not accept any responsibility whatsoever for the contents of this announcement, and no representation or warranty, express or implied, is made by J.P. Morgan Cazenove, Merrill Lynch International or RBC Europe Limited in relation to the contents of this announcement, including its accuracy, completeness or verification or regarding the legality of any investment in the Nil Paid Rights, the Fully Paid Rights or the New Ordinary Shares by any person under the laws applicable to such person or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the Nil Paid Rights, the Fully Paid Rights, the New Ordinary Shares, the Rights Issue, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. To the fullest extent permissible J.P. Morgan Cazenove, Merrill Lynch International and RBC Europe Limited accordingly disclaim all and any responsibility or liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement.

The information contained in this announcement is not for release, publication or distribution to persons in the United States, Australia, Japan, New Zealand, the Republic of South Africa or Russia or any other Excluded Territory and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of the securities laws or regulations of such jurisdiction. There will be no public offer of Nil Paid Rights, Fully Paid Rights or New Ordinary Shares in the United States, Australia, Japan, New Zealand, the Republic of South Africa or Russia or any other Excluded Territory.

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law, and, therefore, persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction. In particular, this announcement should not be distributed, forwarded or transmitted in or into the United States, Australia, Japan, New Zealand, the Republic of South Africa or Russia or any other Excluded Territory.

This announcement does not constitute or form part of an offer or solicitation to purchase or subscribe for securities of the Company in the United States, Australia, Japan, New Zealand, the Republic of South Africa or Russia or any other Excluded Territory. The Nil Paid Rights, the Fully Paid Rights, the New Ordinary Shares and the Provisional Allotment Letters have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, pledged, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.

The Nil Paid Rights, the Fully Paid Rights, the New Ordinary Shares and the Provisional Allotment Letters have not been approved or disapproved by the SEC, any state securities commission in the United States or any other U.S. regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Nil Paid Rights, the Fully Paid Rights, the New Ordinary Shares or the Provisional Allotment Letters or the accuracy or adequacy of the Prospectus. Any representation to the contrary is a criminal offence in the United States.

This announcement does not constitute a recommendation concerning the Rights Issue. The price and value of securities can go down as well as up. Past performance is not a guide to future performance. The contents of this announcement are not to be construed as legal, business, financial or tax advice. Each Shareholder or prospective investor should consult his, her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 20, 2015 02:00 ET (06:00 GMT)

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