10th Dec 2007 18:22
Eurasian Natural Resources Corp Plc10 December 2007 THIS ANNOUNCEMENT OR ANY COPY OF IT IS NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION, CIRCULATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA London, 10 December 2007 Eurasian Natural Resources Corporation PLC EXERCISE OF OVER-ALLOTMENT ARRANGEMENTS Eurasian Natural Resources Corporation PLC (together with its subsidiaries,"ENRC" or "the Group") a leading diversified natural resources group, todayannounces that in connection with its placing of Ordinary Shares of US$0.20 (the"Shares") to institutional investors (the "Global Offer"), Deutsche Bank, actingas stabilisation manager, has given notice of exercise in full of theover-allotment arrangements in respect of 25,250,000 additional Shares in theCompany. Accordingly, the stabilisation period has now come to an end. Including the Shares issued pursuant to the over-allotment arrangements, theGlobal Offer comprises a total of 277,750,000 Shares and, following Admission,ENRC's free float is expected to be approximately 21.3 per cent. The grossproceeds of the Global Offer will now be £1,500 million and the total number ofShares in issue at Admission will be 1,287,750,000. - ENDS - For further information, please contact: ENRCMounissa Chodieva +44 (0) 20 7389 1879James S Johnson +44 (0) 20 7389 1862 M: CommunicationsHugh Morrison +44 (0) 20 7153 1534Edward Orlebar +44 (0) 20 7153 1523 Deutsche Bank +44 (0) 20 7545 8000Brett OlsherNicholas TaylorCharles Wilkinson ABN AMRO Rothschild +44 (0) 20 7678 1700Charles Lucas Credit Suisse +44 (0) 20 7888 8888Jeremy FletcherNick KoemtzopoulosJeff Couch Morgan Stanley +44 (0) 20 7425 8000Gergely VorosPeter BacchusAlastair Cochran Notes to Editors Eurasian Natural Resources Corporation PLC is a leading diversified naturalresources group with integrated mining, processing, energy, logistical, andmarketing operations. It is the world's largest producer of ferrochrome, basedon chrome content, the world's sixth largest iron ore exporter by volume andworld's fifth largest supplier of traded alumina by volume. The Group's revenueswere US$3,256 million for the year ended 31 December 2006 and US$1,856 millionfor the six months ended 30 June 2007. EBITDA (pre exceptional items) wasUS$1,256 million for the year ended 31 December 2006 and US$797 million for thesix months ended 30 June 2007. This announcement is an advertisement and does not constitute or form part of,and should not be construed as, an offer to sell or issue, or a solicitation ofany offer to buy or subscribe for, any securities, nor should it or any part ofit form the basis of, or be relied on in connection with, any contract orcommitment whatsoever. This announcement is not a prospectus. Investors shouldnot subscribe for or purchase any securities referred to in this announcementexcept on the basis of information in the prospectus to be issued in due courseby ENRC in connection with the admission of the Ordinary Shares to the OfficialList of the Financial Services Authority and to trading on the London StockExchange plc's main market for listed securities. In the event of anydiscrepancy between this announcement and the prospectus in its final form, theprospectus will prevail. It is not the purpose of this announcement to provide,and you may not rely on this announcement as providing, a complete andcomprehensive analysis of ENRC's financial or commercial position or prospects. Deutsche Bank AG, London Branch is authorised under German Banking Law(Competent authority: BaFin - Federal Financial Supervising Authority) and withrespect to UK commodity derivatives business by the Financial Services Authorityand is regulated by the Financial Services Authority for the conduct of UKbusiness. Deutsche Bank AG is acting for ENRC and no one else in connection withthe Global Offer and will not be responsible to anyone other than the ENRC forproviding the protections afforded to clients of Deutsche Bank AG nor forproviding advice in relation to the Global Offer, the contents of thisannouncement or any transaction, arrangement or other matter referred to herein. ABN AMRO Rothschild, Credit Suisse and Morgan Stanley, each of which areauthorised and regulated in the United Kingdom by the FSA, are actingexclusively for ENRC, and no-one else in connection with the Global Offer. Theywill not regard any other person as their clients in relation to the GlobalOffer and will not be responsible to anyone other than ENRC for providing theprotections afforded to their respective clients, nor for providing advice inrelation to the Global Offer, the contents of this announcement or anytransaction, arrangement or other matter referred to herein. The Global Offer and the distribution of this announcement and other informationin connection with the Global Offer in certain jurisdictions may be restrictedby law and persons into whose possession any document or other informationreferred to herein comes should inform themselves about and observe any suchrestriction. Any failure to comply with these restrictions may constitute aviolation of the securities laws of any such jurisdiction. The price and valueof securities may go up as well as down. Persons needing advice should contact aprofessional adviser. The information contained herein is not for publication or distribution in theUnited States of America. These materials do not contain or constitute an offerof securities for sale in the United States. The Ordinary Shares have not beenand will not be registered under the US Securities Act of 1933, as amended, andmay not be offered or sold in the United States absent registration under thatAct or an available exemption from it. The Company and the selling securityholders do not intend to register the securities or conduct a public offering inthe United States. This communication is directed only at (i) persons who are outside the UnitedKingdom; (ii) persons who have professional experience in matters relating toinvestments falling within Article 19(5) of the Financial Services and MarketsAct 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worthentities, and other persons to whom it may lawfully be communicated, fallingwithin Article 49(2) of the Order (all such persons together being referred toas "relevant persons"). Any investment or investment activity to which thiscommunication relates will only be available to relevant persons and will onlybe engaged with, relevant persons. Any person who is not a relevant personshould not act or rely on this document or any of its contents. The Ordinary Shares have not been and will not be registered under theapplicable securities laws of Australia, Canada, Japan or South Africa, and,subject to certain exceptions, may not be offered or sold in Australia, Canadaor Japan or to, or for the account or benefit of, any national, resident orcitizen of Australia, Canada, Japan or South Africa. Stabilisation/FSA The prospectus prepared by ENRC in connection with the Global Offer is beavailable at 16 St James's Street, London, SW1A 1ER and at Jones Day, Issuer'scounsel, 21 Tudor Street, London, EC4Y 0DJ. Forward looking statements This document includes forward-looking statements that reflect the current viewsof the management of the Group with respect to future events. Theseforward-looking statements include matters that are not historical facts or arestatements regarding the Group's intentions, beliefs or current expectationsconcerning, among other things, the Group's results of operations, financialcondition, liquidity, prospects, growth, strategies, and the industries in whichthe Group operates. Forward-looking statements are based on current plans,estimates and projections, and therefore too much reliance should not be placedupon them. Such statements are subject to risks and uncertainties, most of whichare difficult to predict and generally beyond the Group's control. The Groupcautions you that forward-looking statements are not guarantees of futureperformance and that if these or other risks and uncertainties materialise, orif the assumptions underlying any of these statements prove incorrect, theGroup's actual results of operations, financial condition and liquidity and thedevelopment of the industry in which the Group operates may materially differfrom those made in, or suggested by, the forward-looking statements contained inthis document. In addition, even if the Group's results of operations, financialcondition and liquidity and the development of the industry in which the Groupoperates are consistent with the forward-looking statements contained in thisdocument, those results or developments may not be indicative of results ordevelopments in future periods. The Group does not undertake any obligation toreview or confirm analysts, expectations or estimates or to release publicly anyrevisions to any forward-looking statements to reflect events that occur orcircumstances that arise after the date of this document. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ENRC.L