/KASE, February 23, 2021/ – KAZ Minerals PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated February 4, 2021:
On 28 October 2020 the board of Nova Resources B.V. ("Bidco") and the
Independent Committee announced 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 PLC ("KAZ Minerals") (other than the KAZ Minerals Shares already
owned or controlled by members of the Consortium) (the "2.7 Announcement")
and on 7 December 2020, Bidco announced (the "Switch Announcement") that
the Acquisition was to be implemented by way of a recommended takeover offer
(the "Original Offer").
Bidco and KAZ Minerals are pleased to announce the terms of a significantly
increased offer comprising 780 pence in cash for each KAZ Minerals Share (the
"Increased Offer"), which has been unanimously recommended by the
Independent Committee of KAZ Minerals.
The complete press release is available on KASE website: