IN BRIEF: Hochschild Mining receives court approval for reductions


Hochschild Mining PLC - London-based gold and silver miner operating in North, Central & South America - Receives approval from the Companies Court of the Business & Property Courts of the High Courts of Justice of England & Wales to cancel its bonus shares and reduce the company's share premium account to zero. Approval was granted on Tuesday, effective Friday. Following the reduction, company has 513.9 million shares. On April 20, the firm received approval from the Financial Conduct Authority. With the reductions, Hochschild aims to ‘rectify certain historic dividends and enter into deeds of release in favour of the company's shareholders and directors,’ it said back then.

Current stock price: 105.00 pence, down 3.9% on Friday

12-month change: down 32%

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