Company KAZAKHMYS PLC (United Kingdom) had published the response on notification of ENRC
13.03.08 18:03
/KASE, March 13, 08/ - Company KAZAKHMYS PLC (London), common
shares of which are traded in Kazakhstan stock exchange's (KASE)
category "A" official list, provided KASE with the press-release in which the
following is informed:
Quotation begin
Kazakhmys PLC ("Kazakhmys") notes the announcement made by Eurasian
Natural Resources Corporation PLC ("ENRC"). No proposal has been
received by Kazakhmys. A further announcement will be made as
appropriate.
For further information please contact:
John Smelt, Head of corporate communications
Tel.: +44 20 7901 7882
Mob.: +44 787 964 2675
Olga Nekrasova, Financial analyst
Tel.: +44 20 7901 7814
Kazakhmys PLC
David Simonson Tel.:+44 20 7653 6620
Tom Randell Tel.:+44 20 7653 6620
Leonid Fink Tel.:+44 20 7653 6620
"Merlin"
DEALING DISCLOSURE REQUIREMENTS
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of ENRC or of Kazakhmys, all "dealings" in
any "relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on
which the "offer period" otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of ENRC or of Kazakhmys, they
will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of ENRC or of Kazakhmys by ENRC or Kazakhmys, or by any of
their respective "associates", must be disclosed by no later than 12.00 noon
(London time) on the London business day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities
in issue, can be found on the Takeover Panel's website at:
www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the price
of securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found
on the Panel's website. If you are in any doubt as to whether or not you are
required to disclose a "dealing" under Rule 8, you should consult the Panel.
Quotation end
[2008-03-13]