KAZAKHMYS PLС (United Kingdom) announces extension of deadline for proposal submitting on EURASIAN NATURAL RESOURCES CORPORATION PLC (ENRC, United Kingdom) share offer
04.06.13 12:40
/KASE, June 4, 13/ – KAZAKHMYS PLС (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press-release of June 4, 2013:
quote
The Board of Kazakhmys (the 'Board') notes the 21 day extension to the 'PUSU'
announced today by ENRC.
The Board welcomes the extension, made in response to a request from the bidding
Consortium, which should provide time for discussions to continue and allow the
Consortium to put a formal proposal for the Independent Committee and hareholders of ENRC, including Kazakhmys, to consider.
In the event that a formal proposal is made, the Board will make its decision in
the best interests of all Kazakhmys shareholders and any acceptance of a
proposal will be subject to the approval of Kazakhmys' shareholders.
Simon Heale, Chairman of Kazakhmys PLC said: "I note the Independent Committee
of ENRC has granted additional time to the Consortium. This is a complicated
situation, given the current difficulties ENRC is experiencing. Should a
proposal be tabled, the Board of Kazakhmys will remain focused on the best
interests of all its shareholders having regard to all relevant factors".
For further information please contact:
Kazakhmys PLC
John Smelt
Corporate Communications, London
tel. +44 20 7901 7882
Maria Babkina
Corporate Communications, London
tel. +44 20 7901 7849
Irene Burton
Financial Analyst, London
tel. +44 20 7901 7814
Maksut Zhapabayev
Corporate Communications, Almaty
tel. +77 27 2440 353
College Hill
David Simonson
tel. +44 20 7457 2031
Anca Spiridon
tel. +44 20 7457 2842
Hill & Knowlton Hong Kong
K W Lam
tel. +852 2894 6321
unquote
[2013-06-04]