LONDON, ENGLAND and TORONTO, ONTARIO--(Marketwired - Aug. 25, 2014) - Trafigura Beheer B.V. ("Trafigura"), a market leader in the global commodities industry, today announces that its wholly owned indirect subsidiary Urion Holdings (Malta) Limited ("Urion") has acquired 30,856,481 ordinary shares ("Ordinary Shares") of EMED Mining Public Ltd. ("EMED") effective 21 August 2014, pursuant to private transactions. The Ordinary Shares were purchased by Urion for a value of £0.09 per Ordinary Share (approximately $0.1633 Cdn. per Ordinary Share).
Trafigura now exercises control or direction over an aggregate of 259,029,997 Ordinary Shares, representing approximately 18.04% of the outstanding Ordinary Shares.
Trafigura has acquired the Ordinary Shares for investment purposes. Depending on market and other conditions, Trafigura may change its beneficial ownership of, or control or direction over, Ordinary Shares through market transactions, private agreements, treasury issuances or otherwise. Trafigura has no role in management of EMED and has not appointed any nominees to the Board of Directors of EMED.
In connection with this news release an early warning report has been filed by Trafigura in accordance with applicable securities laws.
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and non-ferrous metals, iron ore and coal) to clients around the world. The trading business is supported by industrial and financial assets, including 49% owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; 50% owned DT Group which specialises in logistics and trading; and Galena Asset Management. The Company is owned by over 700 of its almost 9,000 employees who work in offices in 58 countries around the world. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. www.trafigura.com.