/KASE, January 23, 2019/ – KAZ Minerals PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with press
release, which states as follows:
quote
KAZ Minerals announces that following regulatory approval and completion of other
conditions precedent under the agreement to acquire the Baimskaya copper project,
as announced by the Group on 2 August 2018, Initial Completion of the Transaction
has now occurred.
The consideration due on Initial Completion is $436 million1 in cash and the
issuance of Initial Equity Consideration comprising 22,344,944 new KAZ Minerals
PLC shares. The shares comprising the Initial Equity Consideration have been
allotted and issued to the Vendor and are identical in all respects to KAZ Minerals
PLC’s existing issued shares. The Initial Equity Consideration is expected to be
admitted to listing on the Official List and to trading on the main market of the
London Stock Exchange on 24 January 2019 and is subject to a three-year lock-up
period ending on the third anniversary of Initial Completion.
Following issuance of the Initial Equity Consideration, the total number of KAZ
Minerals PLC shares in issue is 480,723,977, including 10,133,458 shares held
in treasury, and the total issued share capital of KAZ Minerals PLC carrying
voting rights is 470,590,519.
unquote
Full version of the press release is posted on the KASE website at:
-
http://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_220119_1.pdf – in Russian;
-
http://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_220119_en.pdf – in English.
[2019-01-23]