15th Feb 2008 07:00
Kazakhmys PLC15 February 2008 15 February 2008 KAZAKHMYS PLC ANNOUNCES COMPLETION OF SHARE BUY-BACK PROGRAMME Kazakhmys PLC (the "Company") announces that it has completed its share buy-backprogramme of up to US$400 million, which commenced on 24 October 2007. The total number of ordinary shares purchased and cancelled was 15,079,577. Atan average price of £12.73 per share, this equates to a total cost of£192,298,972 (US$390,137,520) including expenses. The average closing price andthe value weighted average price over the same period was £13.21 per share and£13.08 per share respectively. The issued capital of the Company, after the buy-back programme, is 454,954,288ordinary shares. For further information please contact: -------------------------------------------- -------------------John Smelt, Head of Corporate Communications Tel: +44 20 7901 7882 Tel: +44 787 964 2675Olga Nekrassova, Financial Analyst Tel: +44 20 7901 7814-------------------------------------------- -------------------Kazakhmys PLC-------------------------------------------- -------------------David Simonson Tel: +44 20 7653 6620Tom Randell Tel: +44 20 7653 6620Anastasia Ivanova (Russian language) Tel: +44 20 7653 6620Leonid Fink (Russian language) Tel: +44 20 7653 6620-------------------------------------------- -------------------Merlin-------------------------------------------- ------------------- - ends - Notes to Editors Kazakhmys PLC is the largest copper producer in Kazakhstan and one of theleading copper producers in the world. Kazakhmys is a fully integrated copperproducer from mining ore through to the production of finished copper cathodeand rod. The Group produces significant volumes of other metals as by-products,including zinc, silver and gold. Existing operations include 20 open pit andunderground mines, 9 concentrators, two copper smelting and refining complexes,a copper rod plant, a zinc plant and a precious metals refinery. Production isbacked by a captive power supply and significant rail infrastructure. Kazakhmysalso owns MKM, a copper products fabrication company in Germany, and has Goldand Petroleum Divisions with assets in Kazakhstan and other parts of CentralAsia. The Group's strategic aim is to diversify and participate in thedevelopment of the significant natural resource opportunities in Central Asia. Value weighted average price is calculated by dividing the total value of tradesby the volume. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.L