KAZAKHMYS Sets Period for Explanation to ENRC of Its Intentions
OREANDA-NEWS. On April 11, 2008 Company KAZAKHMYS PLC, common shares of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release, which informs on the following, reported the press-centre of KASE:
Kazakhmys notes announcement by The Takeover Panel, which sets a deadline of 16 May by when Eurasian Natural Resources Corporation Plc ("ENRC") should announce a firm intention to make an offer for Kazakhmys in accordance with Rule 2.5 of the Takeover Code or announce that it does not intend to make an offer for Kazakhmys.
Kazakhmys welcomes this ruling by the Takeover Panel and the deadline that it now gives ENRC to clarify its intentions to Kazakhmys' shareholders.
Further statements will be made as appropriate.
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