/KASE, October 13, 06/ - By the decision of Kazakhstan stock exchange's
(KASE) Council dated October 12 of 2006 common shares of KAZAKHMYS PLC
(London, United Kingdom, ISIN GB00B0HZPV38) were included into KASE's
official "A" listing category under GB_KZMS number.
Date, on which the mentioned decision of Exchange's Council will take effect,
will be announced later after making of contract about listing between
KAZAKHMYS PLС and KASE and the issuer pays the listing fee for these
securities.
Information about opening of trades in the bonds on KASE will also be given
later.
TuranAlem Securities JSC (Almaty) acted as the financial consultant of the
issuer to bring the bonds to the organized market.
Company's authorized capital after its registration (July 15, 2004) totaled
50,000 pounds sterling (pounds) and consisted of 50,000 common shares
with face value of one pound each. October 2, 2004 the share capital of
KAZAKHMYS PLC was increased to 100,050,000 pounds by means of
issuing additional 19,990,000 common shares with face value of 5 pounds
each and 50,000 preferred shares with call feature with face value of one
pound each. At that, previous issue of company's common shares was
consolidated in 10,000 common shares with face value of 5 pounds each.
According to the Prospectus of issuing company's shares, holders of
preferred shares with call feature do not have the voting right and dividends
are not paid on them.
On November 19, 2004 the authorized capital of KAZAKHMYS PLC was
increased up to 100,050,001 by issuing one special share with face value of
one pound each, which gave the right on veto, provided by the charter of the
company, on separate deals.
On September 23, 2005 company's shareholders decided to increase its
authorized capital up to 150,000,001 by issuing additional 249,750,000
common shares with face value of 20 pence each. At that it was allowed to
replace 50,000 preferred shares with call feature and with face value of one
pound each by 10,000 common shares with face value of 5 pounds each,
and to divide each earlier issued common share into 25 common shares with
face value of 20 pence each.
On November 17, 2005 a special share was repurchased by the company
and on May 23, 2006 was abolished by the decision of general meeting of its
shareholders, in connection with which total number of shares of
KAZAKHMYS PLС, accepted to the issue, reduced to 750,000,000.
As of January 1, 2006 the company offered 467,474,200 GB00B0HZPV38
common shares for a total of 93,495 th. pounds sterling ($173,328 th.)
According to the legislation of the UK and company's Charter, company's
Board may take the decision on payment of dividends to its shareholders,
at that the amount of dividend must not exceed the amount, recommended by
company's Board of directors.
Board of directors can announce about the payment of interim dividends
(including dividends, subject to payment on fixed rate), which, according
to the Board of directors, will prove to be defensible by company's profit.
Charter of KAZAKHMYS PLС does not provide any restrictions, relative to
rights of shareholders, who are not residents of the UK, on the ownership of
company's shares and use of the voting right, provided by common shares.
At that shareholders, who are not residents of the UK, do not have the right
to get notifications about general meetings of shareholders, if they did not
indicate addresses in the UK, to which such notifications will be sent, except
cases, when the Board of directors at its discretion did not take such
decision.
Registers system of shareholders of KAZAKHMYS PLС is maintained by
Сomputershare Investor Services PLC (Bristol, UK), which is the primary
payment agent of the company.
According to the letter of Central depository of securities JSC (Almaty) dated
June 5, 2006 record of GB00B0HZPV38 common shares will be maintained by Central
depository of securities JSC after their inclusion in KASE's official list.
At present time named shares are traded on stock exchanges of London (in
pounds under KAZ number), Frankfort (in euro under KQ1 number, including
Xetra trading system).
Primary types of activity of KAZAKHMYS JSC (through its daughter
organization Corporation Kazakhmys LLP (Zhezkazgan, Kazakhstan)) are:
exploration, processing, metallurgic treatment, fining and sale of copper and
copper products, including cathode copper and copper wire rod.
For reference only:
Common and preferred shares of Corporation Kazakhmys JSC
(Zhezkazgan, Kazakhstan) were brought on non-listing floor of KASE on May
13, 1998 under KZMS and KZMSp numbers respectively. First trades in
them were held on May 14, 1998. Named shares passed the listing
procedure on KASE under "B" category on December 2, 1998, and starting
from August 23, 20014 were converted to "A" category of KASE's official list.
Preferred shares of Corporation Kazakhmys JSC were excluded from
KASE's trading lists on April 24, 2002 due to annulment of the issue, within
the frameworks of which they were issued. Common shares of Corporation
Kazakhmys JSC have been subjected to delisting on KASE since December
24, 2004 owing to reformation of Corporation Kazakhmys JSC into limited
liability partnership.
For the whole time of exchange trades in KZMS 552 deals have been
concluded (15,270,555 shares) for a total of KZT57,823.9 m. ($444.8 m.).
Given shares were used as instruments in repo sector (81 deal, 429,342
shares, KZT2,331.6 m.). By results of 2002, 2003, 2004 years, judging by
volume of concluded deals, KZMS were the most liquid corporate emission
securities on KASE.
More detailed information about the issue and his securities will be available
on KASE's web site at
http://www.kase.kz/emitters/gb_kzms.asp after the
mentioned decision of the Exchange's Council takes effect.
[2006-10-13]