Business
Message From Chairman
Message From Chairman.
About this update from Kazera Global Plc
[{"type":"text","content":"\n KazakhGold Group Ltd\n02 July 2007\n\nJuly 2, 2007\n\nKAZAKHGOLD CHAIRMAN WELCOMES NEW SHAREHOLDERS\n\n\nKazakhGold Group Limited (LSE: KZG) today sees its shareholder base increase as\na result of the acquisition of certain assets from Oxus Gold PLC (LSE:OXS),\nfirst announced in April this year. Consideration for this transaction was the\nissue to Oxus of 3,541,666 new ordinary shares in KazakhGold.\n\n\n\nOxus has converted the KazakhGold shares into GDRs and is distributing them to\nits shareholders as a dividend today for settlement within the CREST system on\nJuly 6. This will add approximately 1200 new shareholders to the KazakhGold\nregister.\n\n\n\nWelcoming these new shareholders to the company today, executive chairman of\nKazakhGold, Dr Kanat Assaubayev, said: 'The new shareholders are coming on board\nat an exciting time for the company as it enjoys a strong gold price and a\npositive outlook for the industry. The new arrivals can join existing\nshareholders in looking forward to an exciting future.\n\n\n\n'KazakhGold is the country's leading gold producer, with long-life mines and\nsubstantial ore reserves. It is currently implementing an extensive expansion\nprogramme that will raise gold production, increase efficiency and reduce\noperating costs.\n\n\n\n'At the same time, the company continues to evaluate a number of other gold\nprojects within Kazakhstan, as well as those in Romania and Kyrgyzstan acquired\nfrom Oxus. We believe these will make an important contribution to our stated\nambition of becoming Central Asia's leading gold producer.'\n\n\n\n\n\nFurther Information:\n\n\nAidar Assaubayev\nKazakhgold Group Limited\nTel: +7 3272509264\n\nRon Marshman/John Greenhalgh\nCity of London PR Limited\nTel: +44 2076285518\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]