25th Oct 2007 07:00
Kazakhmys PLC25 October 2007 TRANSACTION IN OWN SHARES Kazakhmys PLC announces that on 24 October 2007 it purchased for cancellationfrom JPMorgan Cazenove Limited 170,000 ordinary shares at an average price of1418.9969 pence per share. Following the cancellation of these shares, KazakhmysPLC has a total of 469,863,865 ordinary shares in issue. Kazakhmys is pleased to announce that we have commenced our share repurchaseprogramme. This purchase was made pursuant to the authority that was granted byshareholders at the Annual General Meeting held on 9 May 2007 and as announcedin the Interim Results announcement on 4 September 2007. We believe thatsubsequent to the return of capital to shareholders, we will retain sufficientbalance sheet strength to implement our strategy and to take up otheropportunities as they arise. Further purchases may be made from time to timesubject to market conditions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.L