8-KOther EventsExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Jun 9, 2005)

Filed June 9, 2005For Securities:SCCO

Summary

Southern Copper Corp. (SCCO) filed an 8-K on June 9, 2005, to report on a proposed secondary offering by certain stockholders. The filing includes an Underwriting Agreement as an exhibit, detailing the terms of this offering. Key selling stockholders include Cerro Trading Company, Inc., SPC Investors, L.L.C., Phelps Dodge Overseas Capital Corporation, and Climax Molybdenum BV. Citigroup and UBS Investment Bank are acting as the joint bookrunning managers for this secondary offering. Investors should note that this filing pertains to a sale of shares by existing shareholders, not a primary offering of new shares by the company itself. The specific details and timing of the offering would be further elaborated in subsequent filings or prospectuses related to the offering.

Key Highlights

  • 1Southern Copper Corp. (SCCO) announced a proposed secondary offering by certain existing stockholders.
  • 2Key selling stockholders include Cerro Trading Company, Inc., SPC Investors, L.L.C., Phelps Dodge Overseas Capital Corporation, and Climax Molybdenum BV.
  • 3Citigroup and UBS Investment Bank are serving as joint bookrunning managers for the offering.
  • 4The filing includes the Underwriting Agreement as Exhibit 1.1, outlining the terms of the secondary offering.
  • 5This is a secondary offering, meaning existing shareholders are selling their shares, not SCCO issuing new shares.
  • 6The event date for this report is June 8, 2005, and it was filed on June 9, 2005.

Frequently Asked Questions

A secondary offering occurs when existing shareholders (like large investors or founders) sell their shares to the public, rather than the company itself issuing new shares. The proceeds from the sale go to the selling shareholders, not directly to the company.

The selling stockholders identified in this filing are Cerro Trading Company, Inc., SPC Investors, L.L.C., Phelps Dodge Overseas Capital Corporation, and Climax Molybdenum BV.

Citigroup and UBS Investment Bank are acting as the joint bookrunning managers for this secondary offering. They are responsible for organizing and managing the sale of the shares to investors.

No, a secondary offering does not impact the total number of shares outstanding for the company. The shares are simply changing hands from one set of owners (the selling stockholders) to new owners (the public investors).