HOC Hochschild Mining Plc

 

TIDMHOC 
 
RNS Number : 4320A 
Hochschild Mining PLC 
08 October 2009 
 

 
 
 
 
________________________________________________________________________ 
 
 
7 October 2009 
 
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, 
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED 
STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY JURISDICTION IN WHICH 
SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL. THIS ANNOUNCEMENT DOES NOT 
CONSTITUTE OR FORM A PART OF ANY OFFER TO SELL OR SOLICITATION OF AN OFFER TO 
PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, 
SOUTH AFRICA OR JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO 
SO. 
 
 
Result of Equity Placing 
 
Hochschild Mining plc ("Hochschild" or the "Company") is pleased to announce 
the successful completion of the equity placing announced earlier today (the 
"Placing"). 
 
A total of 30,735,000 new ordinary shares of 25 pence each in Hochschild (the 
"Placing Shares") have been placed by Goldman Sachs International ("GSI") and 
J.P. Morgan Cazenove ("JPMC") at a price of 295 pence per Placing Share, raising 
gross proceeds of approximately $145 million (GBP90.7 million). 
 
 
The Placing Shares being issued represent approximately 9.99% of Hochschild's 
issued ordinary share capital prior to the Placing. 
 
The Placing Shares 
will, when issued, be credited as fully paid and will rank pari passu in all 
respects with the existing ordinary shares of Hochschild, including the right to 
receive all dividends and other distributions declared, made or paid after the 
date of issue. Application will be made for the Placing Shares to be admitted to 
the Official List of the Financial Services Authority and to be admitted to 
trading by the London Stock Exchange plc (the "London Stock Exchange") on its 
main market for listed securities (together "Admission"). 
 
 
Settlement of payment for the Placing Shares issued pursuant to the Placing, as 
well as Admission, is expected to take place on 12 October 2009. The Placing is 
conditional on Admission becoming effective. 
 
GSI and JPMC were joint bookrunners for the Placing. 
 
 
 
 
 
 Enquiries: 
Hochschild Mining plc 
Isabel Lütgendorf    +44 (0)20 7907 2934 
Head of Investor Relations 
 
 
Finsbury 
Robin Walker+44 (0)20 7251 3801 
Public Relations 
 
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 forty years' 
experience in the mining of precious metal epithermal vein deposits and 
currently operates four underground epithermal vein mines, three located in 
southern Peru, one in southern Argentina and one open pit mine in northern 
Mexico. Hochschild also has numerous long-term prospects throughout the 
Americas. 
 
 
This announcement is for information only and, save as expressly set out herein, 
does not constitute an offer or invitation to underwrite, subscribe for or 
otherwise acquire or dispose of any securities or investment advice in any 
jurisdiction, including without limitation, the United Kingdom, the United 
States, Australia, Canada, South Africa or Japan. Persons needing advice should 
consult an independent financial adviser. 
This announcement has been issued by and is the sole responsibility of 
Hochschild Mining plc (the "Company"). Goldman Sachs International, J.P. Morgan 
Cazenove Limited and J.P. Morgan Securities Ltd (together, the "Banks"), which 
are authorised and regulated in the United Kingdom by the Financial Services 
Authority, are acting for the Company and for no-one else in relation to the 
Placing, and will not be responsible to any other person for providing the 
protections afforded to each of its respective clients nor for providing advice 
in connection with the Placing. No representation or warranty, express or 
implied, is or will be made as to, or in relation to, and no responsibility or 
liability is or will be accepted by the Banks or by any of their respective 
affiliates or agents as to or in relation to, the accuracy or completeness of 
this announcement or any other written or oral information made available to or 
publicly available to any interested party or its advisers, and any liability 
therefore is expressly disclaimed. 
The distribution of this announcement and the placing of the Placing Shares as 
set out in this announcement in certain jurisdictions may be restricted by law. 
No action has been taken by the Company or the Banks that would permit an 
offering of the Placing Shares or possession or distribution of this 
announcement or any other offering or publicity material relating to the Placing 
Shares in any jurisdiction where action for that purpose is required. Persons 
into whose possession this announcement comes are required by the Company and 
the Banks to inform themselves about, and to observe, such restrictions. Any 
failure to comply with these restrictions may constitute a violation of the 
securities laws of any such jurisdiction. 
This announcement is directed only at persons (i) having professional experience 
in matters relating to investments who fall within the definition of "investment 
professionals" in Article 19(5) of the Financial Services and Markets Act 
(Financial Promotion) Order 2005 (the "Order") or (ii) who are high net worth 
entities falling within Article 49(2)(a) to (d) of the Order, and other persons 
to whom it may otherwise lawfully be communicated (all such persons together 
being referred to as "relevant persons"). This announcement must not be acted or 
relied on in the United Kingdom by persons who are not relevant persons. 
This document is not a Prospectus but an advertisement and investors should not 
subscribe for any Placing Shares referred to in this document except on the 
basis of the information contained in the IMS or otherwise in the public domain. 
The content of the Company's website accessible by hyperlinks on the Company's 
website neither is incorporated in, nor forms part of, this document. 
This announcement contains certain forward looking statements, including such 
statements within the meaning of Section 27A of the US Securities Act of 1933, 
as amended (the "Securities Act"), and Section 21E of the Securities Exchange 
Act of 1934, as amended. In particular, such forward looking statements may 
relate to matters such as the business, strategy, investments, production, major 
projects and their contribution to expected production and other plans of the 
Company and its current goals, assumptions and expectations relating to its 
future financial condition, performance and results. 
Forward-looking statements include, without limitation, statements typically 
containing words such as "intends", "expects", "anticipates", "targets", 
"plans", "estimates" and words of similar import. By their nature, forward 
looking statements involve risks and uncertainties because they relate to events 
and depend on circumstances that will or may occur in the future. Actual 
results, performance or achievements of the Company may be materially different 
from any future results, performance or achievements expressed or implied by 
such forward looking statements. Factors that could cause or contribute to 
differences between the actual results, performance or achievements of the 
Company and current expectations include, but are not limited to, legislative, 
fiscal and regulatory developments, competitive conditions, technological 
developments, exchange rate fluctuations and general economic conditions. These 
factors, risks and uncertainties are referred to in the section of this 
announcement entitled 'Risks' which, in turn, refers to matters disclosed in the 
Risk Management section of the 2008 Annual Report. Past performance is no guide 
to future performance and persons needing advice should consult an independent 
financial adviser. 
The forward looking statements reflect knowledge and information available at 
the date of preparation of this announcement. Except as required by the Listing 
Rules and applicable law, the Board of the Company does not undertake any 
obligation to update or change any forward looking statements to reflect events 
occurring after the date of this announcement. 
The Placing Shares have not been, and will not be, registered under the 
Securities Act or under the laws of any state or other jurisdiction of the 
United States and may not be offered, sold or transferred, directly or 
indirectly, within the United States except pursuant to an exemption from, or in 
a transaction not subject to, the registration requirements of the Securities 
Act and applicable state securities laws. 
Subject to certain exceptions, this announcement does not constitute an offer to 
sell or issue or the solicitation of an offer to buy or acquire securities of 
the Company in the United States, Australia, Canada, South Africa or Japan or 
any jurisdiction in which such an offer or solicitation is unlawful. No money, 
securities or other consideration is being solicited and, if sent in response to 
the information herein, will not be accepted. There will be no public offer of 
any securities of the Company in the United States or elsewhere. 
Any indication in this announcement of the price at which ordinary shares have 
been bought or sold in the past cannot be relied upon as a guide to future 
performance. No statement in this announcement is intended to be a profit or 
production forecast and no statement in this announcement should be interpreted 
to mean that earnings per share of the Company for the current or future 
financial years would necessarily match or exceed the historical published 
earnings per share of the Company. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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