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KazMunaiGas EP Repurchases Preferred Shares

Thursday 30 August 2018

ALMATY (Interfax-Kazakhstan) — KazMunaiGas Exploration Production (KMG EP), a subsidiary of National Company KazMunayGas, has repurchased 294,702 preferred shares worth 3.772 bln tenge (361.31 tenge/$1) on the Kazakhstan Stock Exchange (KASE), KASE’s website reports.

JSC SkyBridge Invest, which is the initiator of the specialized trades on redemption of preferred shares KZ1P51460114 (KZ000A0RMTC3, main KASE floor, category “standard”, RDGZp), KMG EP and KASE reported that on August 29 in the KASE trading system 294,702 mentioned preferred shares.

Below are the parameters of trading and the results of the buyback.

  • Number of participants: 16
  • Number of applications submitted (total / active): 412/385
  • Supply to demand: 15.5%
  • Volume of active bids: KZT 3,774,985,600.0
  • Price for applications, tenge (for all / active):
    • the minimum 12,800.00
    • maximum 14,000.00
    • weighted average 12,800.58 / 12,800.81

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