BAKU, Azerbaijan, June 16
By Nargiz Sadikhova - Trend:
On 15 June 2021, Nova Resources B.V. (Bidco) completed the exercise of its rights pursuant to acquire compulsorily the remaining KAZ Minerals Shares, Trend reports citing the London Stock Exchange.
On 9 April 2021, Bidco announced that its recommended increased cash offer for the entire issued and to be issued share capital of KAZ Minerals Limited (other than the KAZ Minerals Shares already owned or controlled by members of the Consortium) (the Final Increased Offer) had been declared unconditional in all respects.
The full terms and conditions of the Final Increased Offer and the procedures for acceptance were set out in the original offer document dated 8 February 2021, as revised by the final increased offer document published on 26 March 2021 (the Final Offer Document).
Bidco announces that it has acquired the entire issued share capital of KAZ Minerals.
The Final Increased Offer has therefore been closed to further acceptances with effect from 1.00 p.m. (London time) on 15 June 2021.
KAZ Minerals Shareholders who have not yet accepted the Increased Offer and who wish to do so should take action to accept the Increased Offer as soon as possible. Details of the procedure for doing so are set out below and in further detail in the Offer Document.
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