TIDMHOC
RNS Number : 5183E
Hochschild Mining PLC
04 November 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RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE,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.
4 November 2015
Results of Rump Placing
Following the announcement earlier today regarding valid
acceptances under the partially underwritten Rights Issue announced
by Hochschild Mining plc (the "Company") on 4 November 2015, the
Company confirms that J.P. Morgan Cazenove, BofA Merrill Lynch and
RBC Capital Markets, in their capacity as Joint Bookrunners, have
procured subscribers for all of the 2,994,303 New Ordinary Shares
for which valid acceptances were not received, representing 2.17%
of New Ordinary Shares, at a price of 70 pence per New Ordinary
Share.
The net proceeds from the placing of such New Ordinary Shares
(after the deduction of the Issue Price of 47 pence per New
Ordinary Share and the expenses of the Rights Issue) will be paid
(without interest) to those persons whose rights have lapsed in
accordance with the terms of the Rights Issue, pro rata to their
lapsed provisional allotments, save that individual amounts of less
than GBP5 will not be paid to such persons but will be paid to the
Company.
_________________________________________________________________________________
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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