17th Jul 2006 13:31
Peter Hambro Mining PLC17 July 2006 17th July 2006 Directors Dealings Peter Hambro Mining PLC (the "Company") hereby announces that it has beennotified by Peter Hambro and Pavel Maslovskiy, directors of the Company, of theinformation set out below. In order to provide financing for a term of two years for the diversification ofPeter Hambro's and Pavel Maslovskiy's separate investment portfolios (includingthe purchase of an aggregate of 20 million Aricom shares being concurrentlyannounced), Peter Hambro Limited ("PHL"), a company associated with Peter Hambro, has today entered into a financing transaction by way of a prepaid cashsettled equity derivative transaction with Goldman Sachs International ("GSI")in respect of 3 million ordinary shares of £0.01 each in the capital of theCompany ("Shares"). PHL has today also agreed to stock-lend for a term of two years 3 million Sharesto GSI as collateral for its obligations under the financing transaction. Thesame number of Shares are to be redelivered to PHL by GSI at maturity of thetransaction. PHL undertook the financing transaction on behalf of itself (777,778 shares andrespective financing) and Macaria Investments Limited ("Macaria"), a companyassociated 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 intheir holdings of 5,243,179 (6.52%) and 18,545,822 (23.07%) Shares respectively,notwithstanding the application of the arrangements referred to above to theShares lent to GSI and the Shares owned by Macaria which are the subject of theback to back arrangements. The percentage holdings remain unchanged. Enquiries:Alya Samokhvalova / Marianna Adams +44 (0) 207 201 8900Peter Hambro Mining www.peterhambro.com David Simonson/ Tom Randell / Maria Suleymanova +44 (0) 207 653 6620Merlin This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
POG.L