13.12.2007, 20:52
Kazakhmys Updates on ENRC Holding
OREANDA-NEWS. December 13, 2007. Kazakhmys PLC announces that following the listing of Eurasian Natural Resources Corporation PLC, on the main board of the London Stock Exchange, Kazakhmys' 187,836,250 shares in ENRC represent 14.6% of the issued share capital of ENRC, taking into account the full exercise of the over-allotment option. At the closing price on 12 December 2007 of 608 pence per ENRC share, Kazakhmys' holding in ENRC is worth approximately $2,323 million, which represents a value of 247 pence per Kazakhmys share in issue. The purchase of Kazakhmys' holding in ENRC was completed on 26 October 2007 for approximately $810 million.
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