/KASE, October 24, 11/ - EURASIAN NATURAL RESOURCES CORPORATION PLC (London),
common shares of which are officially listed on Kazakhstan Stock Exchange
(KASE), provided to KASE the following press release of October 11, 2011:
quotation
Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its
subsidiaries, the 'Group'), today announces that the Directors of the Company
have unanimously approved the exercise of ENRC's rights under a Call Option
to acquire the outstanding shares in Shubarkol and therefore, subject to the
approval of Independent ENRC Shareholders, ENRC proposes to acquire up to
2,638,103 common shares in Shubarkol from Eurasian Industrial Company JSC
('EIC') for an aggregate purchase price of up to US$600 million (payable in
an equivalent amount of Kazakhstan Tenge) plus assumed debt of approximately
US$50 million. The Acquisition will be effected through the Kazakhstan Stock
Exchange by way of an Open Trade involving what is, in effect, an auction held
on the stock exchange under applicable Kazakhstan Stock Exchange
regulations.
ends
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_111011.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_111011_e.pdf - in
English.
[2011-10-24]