13th Mar 2008 07:01
Kazakhmys PLC13 March 2008 13 March 2008 KAZAKHMYS PLC Response to Statement Kazakhmys PLC ("Kazakhmys") notes the announcement made by Eurasian NaturalResources Corporation PLC ("ENRC"). No proposal has been received by Kazakhmys.A further announcement will be made as appropriate. 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 6620 Tom Randell Tel: +44 20 7653 6620 Leonid Fink Tel: +44 20 7653 6620-------------------------------------------- -------------------Merlin-------------------------------------------- ------------------- - ends - Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if anyperson is, or becomes, "interested" (directly or indirectly) in 1% or more ofany class of "relevant securities" of ENRC or of Kazakhmys, all "dealings" inany "relevant securities" of that company (including by means of an option inrespect of, or a derivative referenced to, any such "relevant securities") mustbe publicly disclosed by no later than 3.30 pm (London time) on the Londonbusiness day following the date of the relevant transaction. This requirementwill continue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an"interest" in "relevant securities" of ENRC or of Kazakhmys, they will be deemedto be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of ENRC or of Kazakhmys by ENRC or Kazakhmys, or by any of theirrespective "associates", must be disclosed by no later than 12.00 noon (Londontime) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevantsecurities" "dealings" should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.LENRC.L