Month: December 2014

Total Voting Rights

In conformity with the Disclosure and Transparency Rules (“the Rules”), the Company notifies the market of the following:

At the date of this announcement, the issued capital of the Company comprises 458,379,033 ordinary shares.

The Company currently holds 11,701,830 ordinary shares in treasury and the issued share capital of the Company which carries voting rights of one vote per share comprises 446,677,203 ordinary shares (excluding treasury shares).

The above figure of 446,677,203 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

For further information, please contact: 

Stephen Hodges

Company Secretary

Tel: + 44 (0)20 7901 7832

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Amendment to CDB facilities

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) has signed an amendment to its existing $2.3 billion debt facilities with China Development Bank Corporation (“CDB”) and Joint Stock Company “Sovereign Wealth Fund “Samruk-Kazyna” (“Samruk-Kazyna”) obtained principally for the development of the Bozshakol and Bozymchak projects. Key changes to the terms of the amended facilities are as follows: 

  • The facilities will become bilateral between KAZ Minerals and the CDB
  • Interest rate lowered from USD LIBOR plus 4.80% to USD LIBOR plus 4.50%
  • Arrangement fee of 0.5%, 60% payable in December 2014 and 40% payable in January 2016
  • Balance sheet covenants aligned with those applicable to the $1.5 billion Aktogay CDB facilities, which include adjustments to mitigate the translation impact of movements in the US dollar/tenge exchange rate

As at 30 November 2014, the principal balance outstanding on the facilities was $2,086 million. Repayment of the previous facilities with Samruk-Kazyna and drawing of the new facilities directly from CDB is expected to occur during Q1 2015. All other material terms of the facilities, including the repayment schedule and final maturity, remain unchanged.

Please follow the link to download the full announcement

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Projects Update Presentation

Holding(s) in Company