KAZ Minerals PLC (United Kingdom) announces increase in offer to shareholders of the company from NOVA RESOURCES B.V.

23.02.21 10:55
/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: quote 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. unquote The complete press release is available on KASE website: - https://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_040221_2.pdf – in Russian; - https://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_040221_eng_1.pdf – in English. [2021-02-23]