Company Kazakhmys PLC (United Kingdom) announces about the start of a non-discretionary program to purchase its ordinary shares
10.01.08 21:35
/KASE, January 10, 08/ - Company Kazakhmys PLC (London), common
shares of which are traded in the category "A" official list of Kazakhstan
stock exchange (KASE), had furnished KASE with a press release dated
January 8 of 2008, saying:
Beginning of quote
Kazakhmys PLC (the "Company") announces that it has commenced a non-
discretionary programme to purchase ordinary shares for cancellation during
its close period which commences on 6 January 2008 and is expected to
end on the date of the announcement of its preliminary results.
The buy back programme will be managed by an independent third party,
which makes its trading decisions independently of, and uninfluenced by,
the Company.
Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares
and Chapter 12 of the Listing Rules which requires that the maximum price
paid be limited to no more than 5 per cent above the average market value
for the shares as derived from the London Stock Exchange Daily Official List
for the five business days immediately prior to such purchase.
End of quote
[2008-01-10]