KAZ Minerals PLC provides recommendations to own shareholders on acquisition of shares by NOVA RESOURCES B.V.

03.11.20 10:40
/KASE, November 3, 2020/ – KAZ Minerals PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote The board of Nova Resources B.V. ("Bidco") and the Independent Committee of KAZ Minerals PLC ("KAZ Minerals") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of KAZ Minerals (other than the KAZ Minerals Shares already owned or controlled by the Consortium) (the "Acquisition"). As at 27 October 2020 (being the last Business Day prior to the date of this announcement), the Consortium owned or controlled 186,079,209 KAZ Minerals Shares, representing approximately 39.39 per cent. of KAZ Minerals' issued share capital (excluding shares held in treasury) as at that date. It is intended that the Acquisition will be implemented by way of a scheme of arrangement. unquote The recommendations are available on KASE website at – https://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_021120.pdf [2020-11-03]