KAZAKHMYS PLC (United Kingdom) concludes agreement with Citigroup Global Markets U.K. Equity Limited and J.P. Morgan Securities Ltd. on buyback of ordinary shares GB00B0HZPV38 (GB_KZMS) in closing period
06.01.12 12:55
/KASE, January 6, 12/ - KAZAKHMYS PLC (London), whose shares are
officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with
the following communique of December 30, 2011:
quote
Kazakhmys PLC ("Company") notifies that in accordance with the shares
buyback program announced on August 25, 2011, it concluded an irrevocable
agreement with its corporate brokers - "Citigroup Global Markets U.K. Equity
Limited" ("Citi") and "J.P Morgan Securities Ltd." ("JPM"), on buyback in its own
name and within parameters set in advance of ordinary shares of Kazakmys PLC
throughout the closing period commenced on January 3, 2012 and due to end
presumably as of the date of release of the Annual Management report for the
year ending December 31, 2011. Commercial decisions of Citi and JPM during
the closing period will be taken independently from the Company and without its
influence. Any shares purchased will be deemed treasury shares.
unquote
[2012-01-06]