17 November 2006
17 November 2006
Successful Listing on the Kazakh Stock Exchange ("KASE")
Kazakhmys PLC (the "Company") is pleased to announce that it successfully
completed its application to Kazakhstan's listing authorities for the Company's
Ordinary Shares (the "Shares") to be listed and admitted to trading on the KASE
("Admission"). The start of dealings in the Shares on the KASE is expected to be
on or around Monday, 27 November 2006.
Admission was preceded by a short, successful bookbuilding exercise in
Kazakhstan, in which 9,350,000 Shares (equivalent to circa 2% of the Company)
were successfully placed by the Company's current Chief Executive, Mr YK Cha, in
line with earlier statements by the Company.
Mr Vladimir Kim, Executive Chairman of Kazakhmys said: "We are pleased that
Kazakhmys is listed on the Kazakh Stock Exchange, fulfilling an objective
declared at the time of our IPO. We expect Kazakhmys' listing will make a
meaningful contribution to the development of Kazakhstan's capital markets."
JPMorgan Cazenove Limited is advising Kazakhmys in connection with the Kazakh
listing. Turan Alem Securities is acting as listing agent, market maker and
bookrunner for the Kazakh Placing.
For further information please contact:
Jinsoo Yang, Head of Investor Relations Tel: +44 20 7901 7800
Sergei Stephantsov, Deputy Head of
Robin Walker Tel: +44 20 7251 3801
Notes to Editors
Kazakhmys PLC's principal business is the mining, processing, smelting, refining
and sale of copper and copper products, including copper cathode and copper rod,
which is carried on by the Group's main subsidiary LLC Kazakhmys Corporation.
The Group is one of the largest producers of copper cathode and mined copper in
the world. 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 Exchange