Kazakhstan Kagazy PLC: announces updated shareholder interest in the Group

Kazakhstan Kagazy PLC  / Holding(s) in Company*

12.07.2012 19:47

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July 12, 2012

Kazakhstan Kagazy announces that Phoenicia Capital LLC, a New York based value
investing fund, has increased its shareholding in the Group to 27.5%
 
Tomas Mateos Werner, Chairman of Kazakhstan Kagazy comments:
 
 'I am very pleased to welcome John not only as a valuable board member but now as
a major shareholder. I am looking forward to working more closely with John.  His
extensive investment and operational experience will be of great value to the
Group. John's arrival is the beginning of another exciting chapter in the
development of Kazakhstan Kagazy as a leading industrial company in Central Asia.'

John G. Khabbaz, Managing Director of Phoenicia Capital LLC comments:
 
'I am delighted to announce our increased shareholding in Kazakhstan Kagazy.
Kazakhstan Kagazy fits well into our investment philosophy: we are long-term
investors in businesses we understand, managed by people we respect.  We view
ourselves as their partners. Our only goal is to increase our net worth as the
companies we are invested in maximize their long-term per-share business value,
and to enjoy the process.
 
We look forward to a long and profitable partnership with Kazakhstan Kagazy.'
 

For additional information, please visit www.kazakhstankagazy.com or contact:

Sadyr Shaguzhaev
IR department
Tel.: +7-727-341-0200



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Language:           English
Company:            Kazakhstan Kagazy PLC
                    33-37 Athol Street
                    IM1 1LB Douglas
                    Isle of Man
Phone:              +7-727-244-87-87
Fax:                +7-727-244-87-82
E-mail:             ir@kagazy.kz
Internet:           www.kazakhstankagazy.com
ISIN:               US48667M2035
Listed:             London
Category Code:      HOL
LSE Ticker:         KAG
Sequence Number:    1125
Time of Receipt:    Jul 12, 2012 19:47:33
 
End of Announcement                       EquityStory.RS, LLC News-Service
 
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