TR-1: Notifications of Major Interests in Shares |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Hochschild Mining plc |
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2. Reason for notification (yes/no) |
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An acquisition or disposal of voting rights |
YES |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An event changing the breakdown of voting rights |
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Other (please specify):SEE SECTION 13 (ADDITIONAL INFORMATION) FOR |
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3. Full name of person(s) subject to notification obligation: |
Altima Partners LLP |
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4. Full name of shareholder(s) (if different from 3): |
The shares are held by Altima Global Special Situations Master Fund Limited. |
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5. Date of transaction (and date on which the threshold is crossed or reached if different): |
7th April 2009 |
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6. Date on which issuer notified: |
8th April 2009 |
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7. Threshold(s) that is/are crossed or reached: |
4% |
8: Notified Details |
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A: Voting rights attached to shares |
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Class/type of shares If possible use ISIN code |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
Percentage of voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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Ordinary Shares GB00B1FW5029 |
3,624,237 |
1.2% |
14,800,175 |
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14,800,175 |
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B: Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ conversion period/date |
No. of voting rights that may be acquired (if the instrument exercised/converted) |
Percentage of voting rights |
N/A |
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Total (A+B) |
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Number of voting rights |
Percentage of voting rights |
14,800,175 |
4.82% |
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: |
Altima Partners LLP is the Investment Advisor to the Altima Global Special Situations Master Fund Limited. The Corporate Member of Altima Partners LLP is Altima Services UK Limited which is owned and controlled by Altima International Limited. The voting share capital of Altima International Limited is owned 50/50 by Mark Donegan and Dominic Redfern. |
Proxy Voting: N/A |
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10. Name of proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
As a result of the conversion of shares held on CFD on 7th April 2009, the percentage held by Altima Global Special Situations Master Fund Ltd has increased from 1.2% to 4.82%. |
14 Contact name: |
Raj Bhasin, Company Secretary, Hochschild Mining plc |
15. Contact telephone: |
020 7907 2930 |