| Corporate action description |
We have been advised by euroclear on below
New information dated 23/03/12
It is a postponement of a meeting scheduled previously on 07/11/11
We are currently investigating if the instructions received before
07/11/11 are still valid and will advise you as soon as we have
An update..
Information source: broadridge
Agenda:
1 that the transaction set out in the shareholder circular dated
11 october 2011 be approved
Cmmt please note that this is a postponement of the meeting held
On 07 nov 2011. 1 that: (i) the entry into (a) an amendment
Agreement to the shareholders’ agreement dated 16 february 2009
Between the company’s subsidiary, tnc kazchrome jsc
(’’kazchrome’’) and eurasian finance-industrial company jsc, to be
Entered into between kazchrome and eurasian industrial company jsc
(’’eic’’) (the ’’amendment agreement’’) and (b) an indemnity
Agreement between the company’s subsidiary, enrc nv and eic (the
’’indemnity agreement’’), in each case as described in the
Circular to shareholders of the company dated 21 march 2012 (a
Copy of which has been laid before the meeting and initialled by
The chairman for identification purposes only (the ’’circular’’)),
Be approved and that the directors (or a duly constituted
Committee thereof) be authorised to make such non-material
Amendments, variations and extensions to contd cont contd the
Terms of the amendment agreement and the indemnity agreement as
They consider necessary or desirable and (ii) the proposed
Transaction pursuant to which, among other things, the company’s
Subsidiary, enrc nv, would (a) acquire up to 2,638,103 common
Shares in shubarkol komir jsc (’’shubarkol’’) (representing
Approximately 75 of the issued share capital of shubarkol),
Whether pursuant to an open trade on the kazakhstan stock
Exchange, a tender offer or otherwise, for an aggregate purchase
Price of up to usd 600 million, payable in cash in an equivalent
Amount of kazakhstan tenge (the ’’acquisition’’) and (b) if the
Acquisition is completed, make a tender offer to acquire and
Acquire all of the issued preference shares in shubarkol for an
Aggregate consideration of up to 1,849,322,499 kazakhstan tenge
(contd contd approximately usd 12.6 million), payable in cash, in
Each case as described in the circular (the ’’proposed
Transaction’’), be approved and that the directors (or a duly
Constituted committee thereof) be authorised to implement the
Proposed transaction and/or to make such non-material amendments,
Variations and extensions to the terms of the proposed transaction
As they consider necessary or desirable
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