Becker Glynn Represents Majority Shareholder in Hochschild Mining Rights Issue

The Firm advised Mr. Eduardo Hochschild in connection with the approximately £65 million rights issue by Hochschild Mining plc.  Hochschild Mining is listed on the London Stock Exchange and is a leading producer of precious metals, focused on the exploration, mining and processing of silver and gold in Latin America. Prior to the rights issue, Mr. Hochschild indirectly owned approximately 54% of the shares of Hochschild  Mining. Through a wholly owned company, he subscribed in the rights issue for approximately £35 million in ordinary shares of Hochschild Mining and maintained his percentage interest in the company. The Firm advised Mr. Hochschild on his commitment to subscribe for shares in the rights issue and on the sourcing of funds to be used for the purchase.