EURASIAN NATURAL RESOURCES CORPORATION PLС (United Kingdom) has informed about listing on KASE
27.03.08 23:06
/KASE, March 27, 08/ - EURASIAN NATURAL RESOURCES
CORPORATION PLС (ENRC, London) has provided Kazakhstan Stock
Exchange (KASE) with the press-release, which says:
Quotation begin
London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together
with its subsidiaries, 'the Group'), a leading diversified and fully integrated
Kazakhstan metals and mining company, is pleased to announce the
successful completion of its application to Kazakhstan's listing authorities for
ENRC's Ordinary Shares (the 'Shares') to be listed on the Kazakhstan Stock
Exchange ('KASE'). There will be no new shares issued in connection with
this listing.
The Shares will be listed in Category A of the KASE's official list. The listing
application was approved by KASE on 27 March 2008. The start of dealings
in the Shares on the KASE is expected to be on or around 7 April 2008.
The Board of ENRC believes that the KASE listing will enable the Group to
access a wider local investor base in Kazakhstan and will further the efforts
of the Government of the Republic of Kazakhstan to continue to develop
Kazakhstan's capital markets.
Dr. Johannes Sittard, Chief Executive Officer of ENRC, said, "I am pleased
that ENRC will be listed on the Kazakhstan Stock Exchange, becoming the
largest company listed there and fulfilling an ambition from the time of our
IPO. I also believe ENRC's listing will be a key step in the development of
Kazakhstan's capital markets."
Centras Securities represented ENRC as its financial advisor to the
secondary listing on KASE and has been appointed by ENRC as its official
market-maker.
Deutsche Bank advised ENRC in connection with the Kazakhstan listing.
For further information, please contact:
ENRC
Mounissa Chodieva +44 (0) 20 7389 1879
James S Johnson +44 (0) 20 7389 1862
M: Communications
Hugh Morrison +44 (0) 20 7153 1534
Edward Orlebar +44 (0) 20 7153 1523
Julia Kalcheva+44 (0) 20 7153 1517
Deutsche Bank +44 (0) 20 7545 8000
Louise Miller
Centras Securities +7 (0) 727 259 8877
Gulnara Alimbayeva
Ruslan Bulikpaev
About ENRC
Eurasian Natural Resources Corporation PLC is a leading diversified natural
resources group with integrated mining, processing, energy, logistical, and
marketing operations. It is the world's largest producer of ferrochrome,
based on chrome content, the world's sixth largest iron ore exporter by
volume and world's fifth largest supplier of traded alumina by volume. The
Group's revenues were US$3,256 million for the year ended 31 December
2006 and US$1,856 million for the six months ended 30 June 2007. EBITDA
(pre exceptional items) was US$1,256 million for the year ended 31
December 2006 and US$797 million for the six months ended 30 June
2007. For further information please see the Group's website at
www.enrc.com.
Forward looking statements
This document includes forward-looking statements that reflect the current
views of the management of the Group with respect to future events. These
forward-looking statements include matters that are not historical facts or are
statements regarding the Group's intentions, beliefs or current expectations
concerning, among other things, the Group's results of operations, financial
condition, liquidity, prospects, growth, strategies, and the industries in which
the Group operates. Forward-looking statements are based on current
plans, estimates and projections, and therefore too much reliance should not
be placed upon them. Such statements are subject to risks and
uncertainties, most of which are difficult to predict and generally beyond the
Group's control. The Group cautions you that forward-looking statements
are not guarantees of future performance and that if these or other risks and
uncertainties materialise, or if the assumptions underlying any of these
statements prove incorrect, the Group's actual results of operations,
financial condition and liquidity and the development of the industry in which
the Group operates may materially differ from those made in, or suggested
by, the forward-looking statements contained in this document. In addition,
even if the Group's results of operations, financial condition and liquidity and
the development of the industry in which the Group operates are consistent
with the forward-looking statements contained in this document, those
results or developments may not be indicative of results or developments in
future periods. The Group does not undertake any obligation to review or
confirm analysts' expectations or estimates or to release publicly any
revisions to any forward-looking statements to reflect events that occur or
circumstances that arise after the date of this document.
Quotation end
[2008-03-27]