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EVOLUTION MINING LIMITED — Capital/Financing Update 2015
Feb 26, 2015
64885_rns_2015-02-26_ef78391d-2fa5-4334-9a6e-832a36490c79.pdf
Capital/Financing Update
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LEVEL 9 600 ST KILDA ROAD MELBOURNE VICTORIA 3004 AUSTRALIA
PO BOX 6213 ST KILDA ROAD CENTRAL MELBOURNE 8008
To: Company Announcements Office From: Francesca Lee Date: 27 February 2015 Subject: Market Release
T +613 9522 5333 F +613 9525 2996 Please see the attached for immediate release to the market. www.newcrest.com.au
Yours sincerely Francesca Lee Company Secretary
A MEMBER OF THE NEWCREST MINING GROUP ABN 20 005 683 625
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Market Release Newcrest Mining 27 February 2015
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Newcrest reduces ownership of Evolution Mining Limited
Newcrest Mining Limited has reduced its holding in Evolution Mining Limited via an overnight selldown at a sale price of A$0.85 per share. Newcrest will retain a 14.9% shareholding in Evolution or approximately 106.5 million shares. Newcrest has agreed to an escrow on its remaining holding until the release of Evolution’s Full Year 2015 financial results, subject to market standard exemptions.
Managing Director and Chief Executive Officer Sandeep Biswas said “Evolution’s recent trading performance presented an opportunity for Newcrest to realise value for Newcrest shareholders by selling part of its interest in Evolution, while retaining ongoing exposure to future upside in Evolution.”
The proceeds of the sale (approximately A$106 million) will be applied to the repayment of debt.
For further information, please contact:
Investor Enquiries Media Enquiries Christopher Maitland Jon Gourlay Rachel Eaves T: +61 3 9522 5717 T: +61 9522 5448 T: +61 3 9522 5593 E: [email protected] E: [email protected] E: [email protected]
This information is available on our website at www.newcrest.com.au
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