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UPDATE ON PROPOSED COMBINATION WITH POLYUS GOLD
UPDATE ON PROPOSED COMBINATION WITH POLYUS GOLD.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 6915K KazakhGold Group Ltd 19 July 2011 \n FOR IMMEDIATE RELEASE 19 July 2011 \n\nNot for release, publication or distribution, in whole or in part, in, into or from Australia, Canada, Japan or THE RUSSIAN FEDERATION, OR any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction OR REQUIRE REGISTRATION THEREOF\nUPDATE ON PROPOSED COMBINATION WITH POLYUS GOLD AND CLOSING OF THE PRIVATE EXCHANGE OFFER\n The Board of Directors of KazakhGold Group Limited (\"KazakhGold\" or the \"Company\") is pleased to announce that the Private Exchange Offer, which was announced by the Company on 17 June 2011, is now closed for further acceptances.\nAs at 5.00 p.m. (New York City time) on 18 July 2011, valid acceptances had been received in respect of Polyus Securities representing in total approximately 10 per cent of Polyus Gold's existing issued share capital. The Company has waived the condition as to the level of acceptances of the Private Exchange Offer set forth in the Private Exchange Offer Document dated 24 June 2011. Accordingly, the Private Exchange Offer is now unconditional as to acceptances. \nThe Company expects that settlement for those Polyus Securityholders who have validly accepted the Private Exchange Offer will be effected by 26 July 2011. The Company has applied for up to 3,170,097,971 depositary receipts, including the Level I GDRs of the Company that will be distributed in the Private Exchange Offer, to be admitted to the Standard Listing segment of the Official List and to trading on the London Stock Exchange on or about 26 July 2011.\n\nTerms used in this announcement and not otherwise defined herein shall have the meanings given to them in the Private Exchange Offer Document.\n\nCommenting on the closing of the Private Exchange Offer, Evgeny I. Ivanov, Chairman of the Board of Directors and Chief Executive Officer of KazakhGold, said, \"We are grat...