2nd Apr 2007 17:42
Kazakhmys PLC02 April 2007 Kazakhmys PLC Share transfers amongst major shareholders On 27 September 2006, Kazakhmys PLC announced a series of transfers of shares tobe made among its major shareholders. A number of these transfers, as announcedat the time, were subject to certain Kazakh regulatory approvals. Certain ofthese regulated transfers were completed last year as announced on 15 December2006. As approvals have now been obtained for the remaining transfers, Kazakhmys PLCtoday announces the completion of the following transfers in accordance with itsannouncements of 27 September and 15 December 2006. • Mr Novachuk has transferred 2.5% and 0.9% in Kazakhmys PLC to Mr Ruslan Yun and Mrs Gafura Ibrayeva respectively. • In advance of these transfers, Mr Kim and Mr Ogay have transferred the interests in Kazakhmys PLC that they previously held through Harper Finance Limited, a holding company they previously jointly owned with Mr Novachuk, to separate new holding companies. These transfers have no impact on the beneficial ownership of Kazakhmys PLC. Further details in relation to these transfers and the equity interests of theexecutive members of our management team and others are as set out in the annexeto this announcement. City Code on Takeovers and Mergers (the "City Code") In accordance with the announcement dated 15 December 2006, the Panel onTakeovers and Mergers (the "Panel") (the body which administers the City Code)has said that those persons and entities named as concert parties in theannouncement made by Kazakhmys PLC on 15 December 2006, together with TobermoryHolding Europe B.V., Stansbury International Limited and Mr Ni and his family(together the "Concert Party") constitute a concert party for the purposes ofthe City Code. The Concert Party, as a group acting in concert, is interested inshares which carry 64.62% of the voting rights in Kazakhmys PLC. Following theshare transfers announced today, the Concert Party will hold 61.22% of thevoting rights in Kazakhmys PLC. The Panel has consented to the share transfers announced today and hasre-confirmed that they do not trigger the Rule 9 mandatory bid requirementsunder the City Code. For further information please contact: Jinsoo Yang, Head of IR Tel: +44 20 7901 7813Sergei Stephantsov, Deputy Head of IR +44 20 7901 7814Kazakhmys PLC Robin Walker Tel: +44 20 7251 3801Zoe WattFinsbury Annexe The table below displays the equity interests of the executive members of ourmanagement team and of Mr Cha who, as announced previously, became a SpecialAdviser to the Board on 1 January 2007 before these transactions and thereafter,assuming the completion of all the above transactions as envisaged in thisannouncement: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 21,056,314 4.5Mr Novachuk 50,817,545 10.9 34,923,423 7.5Mr Ni 11,686,855 2.5 11,686,855 2.5Mr 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 transactions and thereafter, assuming the completionof all above transactions 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 101,470,900 21.71 29,706,901 6.356Limited(Pre-transfers: Mr Kim 50%, Mr Novachuk 44.94% andMr Ogay 5.06%;post-transfers: MrNovachuk 100%) Kinton Trade 10,433,045 2.23 10,433,045 2.23Limited (MrNovachuk 50%) Mellow Fields 21,056,314 4.5 21,056,314 4.5Limited (Mr Cha 100%) Tobermory Holding Zero Zero 50,735,450 10.855Europe B.V. (Mr Kim 100%) Stansbury Zero Zero 5,134,427 1.1InternationalLimited (Mr Ogay 100%)-------------------------------------------------------------------------- Notes to Editors Kazakhmys is a London listed natural resources company with operations in Kazakhstan. Kazakhmys' principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod, and is carried on by the Group's main subsidiary Kazakhmys Corporation LLC. The Group's operations are vertically integrated. Kazakhmys operates 19 open pit and underground mines and two smelting and refining complexes in the Republic of Kazakhstan. Kazakhmys also owns significant rail infrastructure in Kazakhstan and MKM, a copper products fabrication company in Germany. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.L