RNS Number : 0279X
Peter Hambro Mining PLC
18 June 2008
18 June 2008
PETER HAMBRO MINING PLC
Peter Hambro Mining PLC ("Company") hereby announces that it has been notified by Peter Hambro and Pavel Maslovskiy, directors of the Company, of the information set out below.
On July 17th 2006, Peter Hambro Limited ("PHL"), a company associated with Peter Hambro, entered into a 2 year financing transaction with Goldman Sachs International ("GSI") in respect of 3 million ordinary shares of £0.01 each in the capital of the Company ("Shares"). PHL has today entered into an agreement with GSI to extend the term of the financing by 1 year.
PHL undertook the financing transaction on behalf of itself (777,778 shares and respective financing) and Macaria Investments Limited ("Macaria"), a company associated with Pavel Maslovskiy (2,222,222 shares and respective financing). PHL has agreed back-to-back arrangements with Macaria for this purpose.
Peter Hambro and Pavel Maslovskiy continue to retain an economic interest in their holdings of 5,243,179 (6.46%) and 14,960,787 (18.43%) Shares respectively, notwithstanding the application of the arrangements referred to above to the Shares lent to GSI and the Shares owned by Macaria which are the subject of the back to back arrangements. The percentage holdings remain unchanged.
Alya Samokhvalova/Rachel Tuft Peter Hambro Mining
+44 (0) 20 7201 8900
David Simonson/ Tom Randell Merlin PR
+44 (0) 20 7653 6620
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