11th Apr 2007 07:10
Kazakhmys PLC11 April 2007 11 April 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,CANADA, AUSTRALIA OR JAPAN Kazakhmys PLC - Mr Y K Cha selling remaining holding in Kazakhmys PLC Kazakhmys PLC (the "Company" or "Kazakhmys") announces that it has been informedby Mr Y K Cha that he intends to offer for sale up to 21,056,314 existingordinary 20p shares of the Company, representing approximately 4.5 per cent ofthe issued share capital of the Company and Mr Cha's entire remaining holding inthe Company (the "Placing"). The Placing will take place via an accelerated bookbuild. Credit SuisseSecurities (Europe) Limited ("Credit Suisse") has been appointed as Bookrunnerin respect of the Placing. The books for the Placing open with immediate effect. The results of the Placingare expected to be announced as soon as possible following the closing of thebooks. The timing of the closing of the books will be at the absolute discretionof Credit Suisse. Further details in relation to this transaction and the equity interests of theexecutive members of our management team and others are as set out in the annexeto this announcement. Contacts: Kazakhmys PLCJinsoo Yang, Head of IR +44 20 7901 7813Sergei Stephantsov, Deputy Head of IR +44 20 7901 7814 Credit Suisse Securities (Europe) Limited +44 20 7888 8888James Leigh-PembertonTristan Lovegrove Annexe The table below displays the equity interests of the executive members of ourmanagement team, and Mr Cha, before this transaction and thereafter, assumingthe completion of the above transaction as envisaged in this announcement: Executive Number of Percentage of Number of Percentage of shares issued share shares after issued share before capital before transactions capital after transfers transfers transactions--------------------------------------------------------------------------Mr Kim 208,189,763 44.5 208,189,763 44.5Mr Cha 21,056,314 4.5 Zero ZeroMr Novachuk 34,923,423 7.5 34,923,423 7.5Mr Ni 2,337,371 0.5 2,337,371 0.5Mr Ogay 5,134,427 1.1 5,134,427 1.1-------------------------------------------------------------------------- The table below displays the equity interests of the existing shareholdingentities (the "Entities") through which these executives hold their interests,before the aforementioned transaction and thereafter, assuming the completion ofthe above transaction as envisaged in this announcement. The percentage inbrackets following the entity name represents the ultimate beneficial holding inthe relevant vehicle: Entities Number of Percentage of Number of Percentage of shares issued share shares after issued share before capital before transactions capital after transfers transfers transactions--------------------------------------------------------------------------Cuprum Holding BV 135,944,325 29.08 135,944,325 29.08(Mr Kim 100%)Perry Partners SA 21,503,813 4.6 21,503,813 4.6(Mr Kim 100% )Harper Finance 29,706,901 6.356 29,706,901 6.356Limited (MrNovachuk 100%)Kinton Trade 10,433,045 2.23 10,433,045 2.23Limited (MrNovachuk 50%)Mellow Fields 21,056,314 4.5 Zero ZeroLimited (Mr Cha100%)Tobermory Holding 50,735,450 10.855 50,735,450 10.855Europe B.V. (Mr Kim100%)Stansbury 5,134,427 1.1 5,134,427 1.1InternationalLimited (Mr Ogay100%)-------------------------------------------------------------------------- MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THISANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY ADDRESSEDTO AND DIRECTED AT PERSONS WHO (1) ARE QUALIFIED INVESTORS WITHIN THE MEANING OFDIRECTIVE 2003/71/EC AND ANY RELEVANT IMPLEMENTING MEASURES; (2) HAVEPROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHINARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIALPROMOTION) ORDER 2005 (THE "ORDER"); OR (3) ARE PERSONS FALLING WITHIN ARTICLE49(2)(A) TO (D) OF THE ORDER (ALL SUCH PERSONS REFERRED TO IN (1), (2) AND (3)TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION REGARDING THEPLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BYPERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TOWHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILLBE ENGAGED IN ONLY WITH RELEVANT PERSONS. This announcement has been issued by Kazakhmys and is the sole responsibility ofKazakhmys. This announcement is for information purposes only and does notconstitute an offer or an invitation to acquire or dispose of any securities ofKazakhmys in the United States, Canada, Australia or Japan or in any otherjurisdiction in which such an offer of solicitation is unlawful. The Shares havenot been, and will not be, registered under the Securities Act, and may not beoffered or sold in the United States absent registration or an exemption fromregistration. There will be no public offering of securities in the UnitedStates. Any investment decision to buy securities in the Placing must be made solely onthe basis of publicly available information which has not been independentlyverified by Credit Suisse. Neither this announcement nor any copy of it may be taken, transmitted ordistributed, directly or indirectly in or into the United States, Canada,Australia or Japan. Any failure to comply with this restriction may constitute aviolation of United States, Canadian, Australian or Japanese securities laws. The distribution of this announcement and the offering or sale of the Shares incertain jurisdictions may be restricted by law. No action has been taken byKazakhmys, or any of their respective affiliates, or any other person that wouldpermit an offer of the Shares or possession or distribution of this announcementor any other offering or publicity material relating to the Shares in anyjurisdiction where action for that purpose is required. Persons into whosepossession this announcement comes are required by Kazakhmys to informthemselves about and to observe any such restrictions. Credit Suisse is acting for the Mr Y K Cha only in connection with the Placing,and no one else, and will not be responsible to anyone other than Mr Y K Cha forproviding the protections offered to clients of Credit Suisse nor for providingadvice in relation to the Placing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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