Company Kazakhmys PLC (United Kingdom) requests deadline for Eurasian Natural Resources Corporation offer
08.04.08 20:01
/KASE, 08.04.08/ - Company Kazakhmys PLC (London), common shares of
which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official
list, provided to KASE the press release, which informs on the following:
Quotation start
On 12 March 2008 Eurasian Natural Resources Corporation PLC ("ENRC")
made an announcement that one of the opportunities at the early stages of
being evaluated by ENRC was a possible combination of its business with that
of Kazakhmys. On 13 March 2008 Kazakhmys announced that no proposal had
been received from ENRC and Kazakhmys confirms today that nothing has
been received since that date.
Accordingly, Kazakhmys has applied to the UK Takeover Panel Executive (the
"Takeover Panel Executive") for a ruling under Rule 2.4(b) of the City Code on
Takeovers and Mergers (the "Takeover Code"). Such a ruling, if made, would set
a deadline by which ENRC must, unless the Takeover Panel Executive consents
otherwise, either announce a firm intention to make an offer for Kazakhmys in
accordance with Rule 2.5 of the Takeover Code or announce that it does not
intend to make an offer for Kazakhmys. If ENRC announces that it does not
intend to make an offer for Kazakhmys, ENRC and any person acting in concert
with it will, except with the consent of the Takeover Panel Executive, be bound by
the restrictions contained in Rule 2.8 of the Takeover Code for six months from
the date of such announcement.
A further announcement will be made as and when appropriate
further information please contact:
John Smelt, Head of Corporate
Communications
Tel..: +44 20 7901 7882
Tel..: +44 787 964 2675
Olga Nekrassova, Financial Analyst
Tel.: +44 20 7901 7814
"Kazakhmys PLC"
David Simonson: Tel.:+44 20 7653 6620
Tom Randell:Tel.:+44 20 765 6620
Leonid Fink: Tel.:+44 20 7653 6620
"Merlin"
Quotation end
[2008-04-08]