The transaction of merger of Kazakhgold Group Limited and "Polus Gold" has been completed
26.07.11 16:48
/IRBIS, July 26, 2011/ - The deal on merger of KazakhGold Group
Limited and "Polyus Gold" JCS has been completed, said
KazakhGold.
As indicated, following transaction to combine ordinary shares and
GDRs of "Polyus Gold", representing in aggregate 89.14% of the
issued share capital of "Polyus Gold". As a result of the proposed
union, issued share capital is 3,032,149,962 ordinary shares of
nominal value of ?0.0001 each.
The company also announced the inclusion in the official list of the
UK Listing Authority and admission to trading on the London Stock
Exchange to 2,985,049,962 GDR of merged company. As of the date
of this announcement 1,942,067,953 shares are issued in the form of
global depositary receipts.
As previously announced and approved at the shareholders' meeting
July 17, 2011, the company changed its name to "Polyus Gold
International Limited", which resulted in the change in market tickers
to "PLGL" and "POLG", respectively. A further announcement will be
made when the name change will be recorded and entered into
force, including details of the new company tickers. It is currently
anticipated that a name change and, accordingly, tickers will come
into force on 27 July 2011.
[2011-07-26]