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

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

Result of Annual General Meeting 2016

KAZ Minerals PLC (the ‘Company’) announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below. The poll results represent approximately 66% of the total number of 446,677,203 Ordinary Shares in issue which carry voting rights of one vote per share.

The votes cast on resolutions 3, 6, 8, 9 and 10, relating to the election or re-election of the independent non-executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders. The result of the votes cast by the Independent Shareholders (marked with an **) and the votes cast by all Shareholders are set out below.

The Company currently holds 11,701,830 Ordinary Shares in treasury which do not carry voting rights.

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company’s website at www.kazminerals.com.

 

Resolution

For/

Discretion

 

%

 

Against

 

%

 

Total

Vote Withheld*

1. To receive the 2015 Directors’ and auditors’ reports and the accounts of the Company

295,743,141

100.00

1,201

0.00

295,744,342

572,048

2. To approve the 2015 Directors’ Annual Report on Remuneration

291,781,797

98.48

4,516,002

1.52

296,297,799

18,591

3. To re-elect Simon Heale as a Director

142,185,625**

 

99.40**

 

855,121**

 

0.60**

 

143,040,746**

 

134,422**

 

295,326,847

99.71

855,121

0.29

296,181,968

134,422

4. To re-elect Oleg Novachuk as a Director

295,950,320

99.88

365,527

0.12

296,315,847

543

5. To re-elect Andrew Southam as a Director

295,949,480

99.88

366,367

0.12

296,315,847

543

6. To re-elect Lynda Armstrong as a Director

142,379,185**

 

99.44**

 

795,898**

 

0.56**

 

143,175,083**

 

85**

 

295,520,407

99.73

795,898

0.27

296,316,305

85

7. To re-elect Vladimir Kim as a Director

 

 

295,621,191

99.77

694,917

0.23

296,316,108

282

8. To re-elect Michael Lynch-Bell as a Director

142,397,047**

 

99.46**

 

777,778**

 

0.54**

 

143,174,825**

 

343**

 

295,538,269

99.74

777,778

0.26

296,316,047

343

9. To re-elect John MacKenzie as a Director

142,841,793**

 

99.77**

 

333,032**

 

0.23**

 

143,174,825**

 

343**

 

295,983,015

99.89

333,032

0.11

296,316,047

343

10. To re-elect Charles Watson as a Director

142,718,152**

 

99.68**

 

456,673**

 

0.32**

 

143,174,825**

 

343**

 

295,859,374

99.85

456,673

0.15

296,316,047

343

11. To re-appoint KPMG LLP as auditors

296,302,696

100.00

12,660

0.00

296,315,356

1,034

12. To authorise the Directors to set the auditors’ remuneration

296,278,308

99.99

37,882

0.01

296,316,190

200

13. To renew the Directors’ authority to allot shares

295,678,197

99.78

637,734

0.22

296,315,931

459

14. To renew the Directors’ authority to disapply pre-emption rights

294,382,421

99.35

1,933,420

0.65

296,315,841

549

15. To authorise the Directors to make market purchases of the Company’s shares

295,462,711

99.71

852,328

0.29

296,315,039

1,351

16. To authorise the calling of general meetings on 14 clear days’ notice

290,833,723

98.15

5,482,593

1.85

296,316,316

74
  1. *‘Vote Withheld’ is not a vote in law and is not counted in the calculation of the proportion of the votes ‘For’ and ‘Against’ a resolution.
  2. ** Result of the votes cast by the Independent Shareholders.

In accordance with LR 9.6.2 of the UK Listing Authority, KAZ Minerals PLC has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.

Susanna Freeman
Company Secretary
Tel: + 44 (0)20 7901 7826
5 May 2016

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

 

Notification in accordance with listing rule 9.6.14R

In conformity with Listing Rule 9.6.14R the Company notifies the market that it has been informed that Charles Watson, a non-executive director of the Company, has resigned from his position as non-executive director of Taipan Resources Inc.

There are no further matters to be disclosed under LR 9.6.14R.

For further information, please contact:

Susanna Freeman

Company Secretary

Tel: + 44 (0)20 7901 7826

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

 

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:

Susanna Freeman

Company Secretary

Tel: + 44 (0)20 7901 7826

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

 

 

Q1 Production Report 2016 and IMS

KAZ MINERALS GROUP Production Report for THE FIRST QUARTER Ended 31 MARCH 2016 AND INTERIM MANAGEMENT STATEMENT

  • Projects ramping up on schedule, production on track to achieve 2016 guidance
  • Q1 2016 copper cathode equivalent1 production of 21.5 kt
  • Bozshakol
    • Production at Bozshakol commenced in late February, 1.1 kt of copper in concentrate output in the quarter
    • No major issues encountered and all the main sections of the plant are now in operation
    • Throughput volume increasing as expected in April
    • Trial sales shipment completed in March, two shipments dispatched in April
    • Production guidance maintained at 45-65 kt of copper cathode equivalent1 and 50-70 koz of gold bar equivalent1
  • Aktogay oxide
    • 5 kt of copper cathode produced at Aktogay as the SX/EW facility ramps up
    • Output of 35 tonnes per day achieved on average to date in April, will ramp up further to achieve output of 15 kt in 2016
  • East Region and Bozymchak
    • Copper cathode equivalent1 output of 19.7 kt, on course to achieve full year guidance of 70-75 kt
    • Bozymchak operated at design capacity following optimisation works in Q4 2015
    • Zinc in concentrate production of 19.9 kt and silver granule equivalent1 of 749 koz
    • Gold bar equivalent1 quarterly output doubled to 12.7 koz
  • Financial update
    • Copper cathode sales of 23 kt
    • Net debt of $2,425 million at 31 March 2016, $1,205 million of funds and available facilities
  1. The Group’s finished goods “equivalent” production includes both finished metals produced and the finished metal equivalent of concentrate sold in the period.

Oleg Novachuk, Chief Executive, said: “In the first quarter of 2016 the Bozshakol sulphide concentrator commenced operation and the ramp up of the new facility is proceeding in line with expectations. To date, we have dispatched three shipments of copper concentrate from Bozshakol to our customers in China. At Aktogay, the commissioning of our oxide operations is also on schedule and our mines in the East Region and Bozymchak have delivered a strong start to 2016. We expect to achieve our full year copper production target of 130-155 kt, delivering industry leading production growth at highly competitive cash costs.”

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

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

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

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

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT