/KASE, December 20, 11/ - Kazakhstan Stock Exchange (KASE) informs that
the thirteenth special trades were held from November 21 to December 20,
2011 in KASE trading system for buyback of preferred shares KZ1P51460114,
KZ000A0RMTC3 (KASE official list third category, RDGZp) of KazMunaiGas
Exploration Production (Astana).
VISOR Capital (Almaty) acted as an authorized buyer during the special trading
session.
At present the total volume of authorized and offered shares of KazMunaiGas
Exploration Production is equal to 4,136,107 units. The buyer intends to buy
up to 100 % of this volume.
20 KASE members took part in the trades submitting 197 orders of which at the
orders submission period expiry 153 orders for sale of 171,102 preferred shares
remained active. During the trading session the bid made up 4.1 % of the
volume declared for acquisition.
In the total number of active orders pension market entities accounted for 13.7
% of orders, brokerage and dealing companies - for 12.9 %, their clients -
73.4 %.
By trades results the buyer has set the cut-off price at KZT13,056.57 per share
and officially proved to KASE its intention to satisfy 131 orders for sale of
160,473 shares. In case of successful settlement completion, the purchase amount
will make up KZT2,095,226,957.61 (equivalent of USD14,131,159.09 at the current
exchange rate).
We remind you that settlements on deals concluded during the mentioned
special trades must be completed on December 23, 2011 (according to ΠΆ+3
settlement scheme).
By results of the thirteen trades (March 9, 10, 2010, March 11 - April 9, 2010,
April 30 - May 28, 2010, July 1 - 30, 2010, September 1 - 30, 2010, November
1-30, 2010, January 1-31, 2011, April 4 - May 4, 2011, May 27 - June 27, 2011,
August 1-31, 2011, September 26 - October 25, 2011 and November 21 - December 20,
2011) the total number of preferred shares the buy-back of which was confirmed
by the buyer makes up 2,073,276 units.
Trades are part of KazMunaiGas Exploration Production preferred shares buyback
program.
As was previously informed, KazMunaiGas Exploration Production approved its
preferred shares buyback program to be implemented through consequent
separate thirty-day specialized trades on KASE in compliance with the
exchange rules. The program will be completed till December 31, 2011. The full
text of KazMunaiGas Exploration Production press-release is available at
http://www.kase.kz/news/show/1097005
Details of shares issue are available on KASE website at
http://www.kase.kz/en/shares/show/RDGZp
[2011-12-20]