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Kalkine Media ASX Share Market News & Research

Pelham Investment sells ~12% stake in Hochschild Mining Plc (LON: HOC)

December 03, 2020 10:33 AM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Hochschild Mining Plc (LON:HOC) has reported about placing of shares where Pelham Investment Corporation sold a total 61,665,067 ordinary shares.

  • The number of shares amounts to around 12 per cent of the company’s shares, and Pelham raised approximately £123 million of gross proceeds by selling the shares at 200 pence per share.
  • The Placing of shares was made to institutional investors through an accelerated bookbuild, and the process was carried out by J.P. Morgan Securities plc.
  • The stocks of the HOC, on 3 December 2020, traded lower by 14.95% from its previous closing, hovering at around GBX 201.40 at 09:46 AM GMT+1.

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