/KASE, July 6, 07/ - Company KAZAKHMYS PLC (London), common shares of which
are traded in Kazakhstan stock exchange's (KASE) category "A" official list
had spread today the press-release in which the following is informed:
quotation begin
Company Kazakhmys PLC (further - company) (symbol on London stock
exchange - KAZ) had announced today that holders of shares, owing with
326,598,851 common shares of capital of Eurasia Gold Inc. (further -
Eurasia) and representing 96.34% of shares of Eurasia being in circulation,
had accepted the suggestion dated May 15, 2007 and further changed and
widened on June 21, 2007 from Kazakhmys Gold Inc., daughter comapny,
fully belonging to Kazakhmys, in relation of 1005 shares of Eurasia (further
Suggestion).
Kazakhmys confirmed that all terms of suggestion were postponed or
satisfied, and also that Kazakhmys gold Inc. accepted shares in accordance
with the given Suggestion, and that it intends to pay the cost of these shares
on July 5, 2007.
Because the suggestion was accepted by holders of more than 90% shares
of Eurasia, Kazakhmys intends to use its right for forced redeeming of rest
part of shares of Eurasia, which yet are not belonging to Kazakhmys, at the
same price of 0.85 Canadian dollars per each share of Eurasia. It is
expecting that soon will be made the announcement relative the right for
forced redeeming, and that it is planning to be finished in September 2007.
Oleg Novachuk, General Director of Kazakhmys, had announced the next:
"We are very pleased that the Suggestion was accepted by holders of more
than 96% shares of Eurasia. Being the part of Kazakhmys, Eurasia may totally
realize its potential and will become the main component of developing
subdivision of precious metals. Purchasing of Eurasia is conforming with
our strategy for diversification of production, to which we are remaining
the fully attached".
For further information please address to:
John Smelt, Head of
Corporate Communication Department
Tel:+44 20 7901 7882
Sergey Stefantsov, Deputy head of
Investors connection department
Kazakhmys PLC
Tel:+44 20 7901 7800
Robin Woker
Finsbery
Tel:+44 20 7251 3801
Quotation end
Full version of press-release of KAZAKHMYS PLC with notes is available on
the web site of KASE at
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_050707.pdf
[2007-07-06]