30 November 2007
Kazakhmys PLC announces that on 30 November 2007 it purchased for cancellation
from JPMorgan Cazenove Limited 5,573,077 ordinary shares at an average price of
1,300.0 pence per share. Following the cancellation of these shares, Kazakhmys
PLC has a total of 462,008,288 ordinary shares in issue.
This purchase represented 47.7 per cent of the 11,686,855 shares placed by
Credit Suisse on behalf of Mr Yun on 30 November 2007. As previously announced,
Mr Yun retired as Chief Executive of the Company's operating subsidiary in
Kazakhstan in August 2006.
On 5 September 2007, the Company announced a share buy-back programme of up to
US$400,000,000. The aggregate number of ordinary shares repurchased and
cancelled by Kazakhmys PLC since the commencement of the share buy-back
programme on 24 October 2007 is 8,025,577. At an average price of 1,319.18 pence
per share this equates to a total of US$218,690,933.
This information is provided by RNS
The company news service from the London Stock Exchange