Business
Completion of Placing
Completion of Placing.
About this update from Kazera Global Plc
[{"type":"text","content":"\n RNS Number : 6118O KazakhGold Group Ltd 01 July 2010 \n \n\nNOT FOR DISTRIBUTION INTO THE UNITED STATES\n \nThese written materials are not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities of the Company to be made in the United States would be made by means of a prospectus to be obtained from the issuer or selling security holder and that would contain detailed information about the Company and management, as well as financial statements. The Company does not intend to register any portion of the offering in the United States or conduct a public offering of the securities in the United States.\n \n \nCompletion of Placing\n \n1 July 2010\n \nKazakhGold Group Limited (\"KazakhGold\" or the \"Company\") today announces that it has successfully completed the previously announced US$100 million placing of new ordinary shares of KazakhGold (\"Shares\") and global depositary receipts (\"GDRs\") representing those Shares (the \"Placing\"). The Placing was originally announced as part of the partial offer for KazakhGold by OJSC Polyus Gold (\"Polyus Gold\") in 2009 and was subsequently delayed due to the requirement to obtain Kazakh government approvals for the Placing. As part of the partial offer, Jenington International Inc. (\"Jenington\"), an indirect wholly-owned subsidiary of Polyus Gold, entered into an underwriting agreement with KazakhGold to underwrite the Placing at US$1.50 per Share.\n \nA total of 51,194,922 Shares and 15,471,745 GDRs (each representing one Share) were placed at a price of US$1.50 per Share and per GDR. Jenington subscribed for 51,194,922 Shares and, as a result, will hold a total of 77,745,417 Shares, representing 65 per cent. of the issued share capital of the Company.\n \nHSBC Bank plc acted as sole placement agent.\n \nFor further information please contact:\n \nAlexey V. Chernushkin, Director, capital markets and IR\nEvguenia V.Buydina, IR manager\n+7 (495) 641-3377\n+7 (495) 785-4031\[email protected]\n \nAnton A. Arens, PR Director\n+7 (495) 641-3365\n+7 (495) 544-5496\[email protected]\n \nHSBC Bank plc (\"HSBC\"), which is aut...