BlackRock did NOT subscribe
From my Blog:
So I wasn't too far off: outside of Glencore, a measly 0.13% of all other eligible Rights owners took up Rights.
These numbers indicate that it's plain and obvious Blackrock did NOT take up its Rights.
Secondly, I suggested Glencore would end up with 99.4% ownership in KAT... well, its actually 99.5%.
Here is the Company text confirming the Rights numbers:
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"ZUG, Switzerland, Dec. 19, 2019
ZUG, Switzerland, Dec. 19, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces today that it has completed its previously announced CDN$7,678,388,000 offering (the "Rights Offering") of rights ("Rights") to purchase common shares of the Company ("Common Shares").
In connection with the completion of the Rights Offering and pursuant to the exercise of Rights, the Company issued an aggregate of 59,292,571,428 Common Shares from treasury. Shareholders of the Company, other than Glencore plc (together with its affiliates, "Glencore"), subscribed for 68,746,113 Common Shares under the Rights Offering, for gross proceeds of CDN$8,902,622.
Glencore provided a standby commitment in respect of the Rights Offering and, in accordance with the standby commitment, accepted 59,223,825,315 Common Shares issued from treasury under the Rights Offering and a cash payment of CDN$8,902,622 as repayment for US$5.8 billion of debt owed to Glencore under the Glencore loan facilities. The remaining amount of the debt owed to Glencore, being approximately US$1.5 billion, is being retained by the Company. Prior to the Rights Offering, Glencore owned approximately 86.3% of the Company's issued and outstanding Common Shares. Pursuant to a standby commitment provided by Glencore, all Common Shares available for purchase under the Rights Offering, not otherwise acquired by shareholders of the Company, were acquired by Glencore. As a result, Glencore acquired an additional 59,223,825,315 Common Shares under the Rights Offering and owns 99.5% of the Company's currently issued and outstanding Common Shares.
***END
These are my views only. Thanks for reading.