Kazakhmys PLC Gives update on ENRC takeover and share repurchase - Following settlement of consideration under the ENRC Takeover Offer, Kazakhmys announces that on 8 November 2013 it received U.S.$887,285,879 cash and 77,041,147 Kazakhmys Shares from Eurasian Resources. The 77,041,147 Kazakhmys Shares were repurchased from Eurasian Resources for £206,516,265 in aggregate which was settled by way of net settlement pursuant to the terms of the Share Repurchase Agreement. The repurchased shares will be cancelled and none will be held as treasury shares.
- Following the above purchase, Kazakhmys has 458,379,033 ordinary shares in issue. Kazakhmys holds 11,701,830 ordinary shares in treasury and the issued share capital of Kazakhmys which carries voting rights of one vote per share comprises 446,677,203 ordinary shares (excluding treasury shares).
- The above figure of 446,677,203 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Kazakhmys under the Disclosure and Transparency Rules.
- Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Kazakhmys prospectus dated 7 August 2013.