/KASE, July 13, 07/ -KAZAKHMYS PLC company (London), the common shares
of which are traded in the official list of Kazakhstan Stock Exchange (KASE)
with category A, provided KASE with a press-release in which the following
is announced:
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In addition to the information published in the last press-releases,
Kazakhmys PLC company (Holding) would like to introduce You the following
specification concerning the offer to the participants of Corporation
Kazakhsmys LLP (Corporation) about the exchange of their shares in the
authorized capital of the Corporation for the stocks of the Holding,
or the sale of shares to the Holding.
The terms of the offer are as follows:
- The participants of the corporation are offered to exchange 74
(seventy four) parts of the shares in the authorized capital of the
Corporation for 1 (one) common share of the Holding;
- The exchange coefficient is based on the share in the authorized
capital of the Corporation which belongs to the Holding
(34,499,487,205 parts from the whole), and which is divided on the
number of common shares issued by the Holding (467,474,200);
- The given coefficient is based on the initial offer about the exchange
of stocks, made in 2004;
- For each of the shares remaining as a result of the exchange, the
Holding will pay 36 tenge to a participant;
- The participants who prefer not to exchange their shares in the
Corporation for the stocks of the Holding are offered to sell their
shares to the Holding at the price of 36 tenge per one share.
We are certain that the admission of this offer has the following advantages:
- The stocks of the Holding are more liquid than the shares in the
Corporation since they are traded on Kazakhstan Stock Exchange;
- The stocks of the Holding have more opportunities regarding
dividends;
- The stocks of the Holding offer to the participant of the Corporation
the opportunity to become a shareholder of the company registered
on London and Kazakhstan stock exchanges.
IN ORDER TO PROVIDE THE PARTICIPANTS WITH MORE TIME FOR
DECISION MAKING, THE PERIOD OF VALIDITY OF THIS OFFER IS
EXTENDED UNTILL 5 P.M. (OF TIME IN ALMATY) ON JULY 20, 2007.
[In compliance with the decision, made by the Holding, a participant can also
exchange his/her part of share in the Corporation for the stocks of Holding
and sell the remaining part of share to the Holding following the terms given
above.]
With an exception of the cases, stipulated by the present Specification of the
terms, the terms in the agreement of exchanging the shares for the stocks
before and those in the shares' purchase/sale agreement are still valid in
every respect. And the present Specification should be considered in the
combination with the mentioned agreements.
If you need any further information for decision making before the close of the
offer on July 20, please, feel free to contact us at the following address:
Kazakhmys LLP company's branch in the Republic of Kazakhstan
050059, Almaty, microrayon Samal-2, 69 a, tel: (327) 266-33-15
or contact the Registrator at the following addresses:
REESTR JSC
Almaty, Panfilova st., 158, office 43, tel.: . (327) 266-49-41, 266-49-42.
Jezkazgan, Mira st., tel.: . (3102) 72-37-36, 74-88-18.
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This press-release of KAZAKHMYS PLC is available at
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_130707.pdf
[2007-07-13]