THE TOTAL NUMBER OF PAGES CONTAINED IN THIS DOCUMENT IS 5.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of June 2003
MADECO INC.
(Translation of Registrant's Name into English)
URETA COX 930
SANTIAGO, CHILE
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ________________.
This report consists of a letter to the Chilean SVS in the Spanish language with an English translation, which announces the sale of Madeco S.A.'s (the "Company") shares on the Santiago Stock Exchange.
Investor Relations
PRESS RELEASE
For further information contact:
Marisol Fernández
Investor Relations
Voice : (56 2) 520-1380
Fax : (56 2) 520-1545
E-mail : mfl@madeco.cl
Web Site : www.madeco.cl
MADECO S.A. ANNOUNCES
ADDITIONAL SHARES WERE SOLD
(Santiago, Chile, June 13, 2003) Madeco S.A. ("Madeco") (NYSE ticker: MAD) announced that on June 10, 2003, Madeco sold 264.8 million shares that had remained unsubscribed and unpaid after completion of Madeco's capital increase in March (at approximately Ch$29 per share), resulting in proceeds to Madeco of approximately Ch$7,679 million (equal to approximately US$10.7 million at the Ch$717.4 to US$1.00 Observed Exchange Rate for June 10, 2003). The sale was made pursuant to a public auction on the Santiago Stock Exchange held on June 6, 2003. As a result of the sale, the total outstanding shares of Madeco on the date hereof is 2,963,284,806 shares.
Madeco, formerly Manufacturas de Cobre MADECO S.A., was incorporated in 1944 as anopen stock corporationunder the laws of the Republic of Chile and currently has operations in Chile, Brazil, Peru and Argentina. Madeco is a leading Latin American manufacturer of finished and semi-finished non-ferrous products based on copper, copper alloys and aluminum. Madeco is also a leading manufacturer of flexible packaging products for use in the packaging of mass consumer products such as food, snacks and cosmetics.
Readers are cautioned not to place undue reliance on the forward-looking statements included in the above text, which speak only as of the date hereof. Madeco undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in Madeco's business strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
Santiago, Junio 11 de 2003
AL-242/2003
Señores
Superintendencia de Valores y Seguros
Av. Libertador Bernardo O'Higgins 1449
Santiago
Ref.-Comunica colocación de una parte del remanente de acciones que indica.-
Estimados Señores:
Informamos a ustedes que el día de ayer quedó materializada la colocación en Bolsa de 264.800.000 acciones de pago, correspondientes a una parte del remanente quedado luego de vencido el período de oferta preferente correspondiente a la emisión inscrita el día 7 de Febrero de 2003, bajo el N 679, en el Registro de Valores de esa Superintendencia.
En el remate bursátil llevado a efecto, se obtuvo un precio de $ 29 aprox. por cada acción, lo que significa para la Compañía obtener un ingreso de aproximadamente M$ 7.680.064 por este concepto.
Saluda a ustedes muy atentamente,
MADECO S.A.
Enrique Sotomayor Arangua
Asesor Legal
Secretario del Directorio
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Madeco S.A.
/s/ Jorge Tagle Ovalle
Jorge Tagle Ovalle
Chief Financial Officer
Date: June 13, 2003