/KASE, November 17, 14/ – Kazakhstan Stock Exchange (KASE or the Exchange)
announces that as part of implementing the government program "People's IPO"
from November 5 to December 3, 2014 a primary offering of ordinary shares
KZ1C34930012 (KZ1C00000959, KASE official list, first category, KEGC) of
Kazakhstan Electricity Grid Operating Company "KEGOC" JSC (Astana, hereinafter –
KEGOC) by way of subscription to them will be conducted in KASE trading system.
Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" JSC (Almaty,
hereinafter – the Seller) will act the seller when conducting the subscription
to the mentioned shares.
Number of shares being offered – 25,999,999 pieces. Price per share – KZT505.
Code of security during subscription – KEGC.
Orders within the subscription will be accepted by the closed method on working
days from 10:00 to 17:00 o'clock (Almaty time – ALT).
Orders from investors will be collected by Exchange members until December 3
inclusive. The Exchange will collect aggregated orders from its members until
December 9 inclusive.
The date of provision to the Seller of the register of orders collected by the
Exchange – December 10, 2014. The date of provision to the Exchange of the
register of accepted orders – December 15, 2014. The beginning date of
settlements based on subscription results – December 18, 2014.
There are no limitations for buyers with regard to the maximum number of shares
in submitted orders.
The following parties are admitted to the subscription:
1)market-maker in the person of the Seller;
2)individuals – citizens of Republic of Kazakhstan;
3)Single accumulative pension fund JSC (on account of pension assets).
All other categories of investors are not admitted to participation in the
subscription.
Individuals can submit orders for participation in the subscription to the
Exchange only through members of KASE stock market. The full list of members
of KASE stock market is available on KASE website, at
http://www.kase.kz/en/membership
According to this subscription's terms the list of additional information on the
investor disclosed to the issue of the said shares includes the following data:
1) last name, first name, if available – patronymic or a legal entity name;
2) IIN of the individual or BIN of the legal entity;
3) residency;
4) details of the document confirming the personal identity / confirming
registration of the legal entity (type, number, issue date and issuing
body);
5) address.
Details of the responsible employee of the Seller – Farkhad Okhonov,
Director of department of Financial Consulting and Underwriting of Halyk
Finance JSC, tel. + 7 717 244 65 40
Details of responsible employees of KASE are available on the Exchange's
website at
http://www.kase.kz/en/page/ipo (tab "Contacts").
The Rules of Subscription for Shares are available on KASE website at
http://www.kase.kz/files/normative_base/rules_ipo.pdf
Below is the structure of offering of ordinary shares of KEGOC JSC within
this subscription, provided to KASE by the Seller.
Within implementation of the program "People's IPO" this structure of offering
of ordinary shares of KEGOC JSC among various groups of investors during their
initial public offering (hereinafter – the structure) defines the order of
distribution of ordinary shares of KEGOC JSC among prospective investors on
Kazakhstan's regulated securities market.
Definitions used in this structure:
1) shares – ordinary shares of the Company;
2) market-maker for shares of the Company – an Exchange member
recognized as such by the Exchange and committed to the Company to
announce and maintain quotations for buying and selling of the
Company's shares and executing all responsibilities resulting from
possessing such status based on the agreement concluded with the
Company;
3) retail investors – citizens of the Republic of Kazakhstan;
4) institutional investors – Single accumulative pension fund JSC buying
shares on account of pension assets.
Restrictions regarding amount invested:
1)for a market-maker for the Company's shares – at least 200,000 (two
hundred thousand) pieces of shares, but not more than 400,000 (four
hundred thousand) pieces of shares;
2)for retail investors – orders are accepted without limitations. Acceptance
of retail investors' orders is carried out taking into account the section 3
of the structure;
3)for institutional investors – without limitations taking into account the
section 3 of the structure.
Procedure of distribution of shares among various groups of investors
during an initial public offering:
1)An order of a market-maker for the Company's shares is accepted in the
first place.
2)Orders of retail investors on the Company's shares are accepted in full
within 14,000 (fourteen thousand) pieces of shares.
In case the combined number of shares indicated in orders from retail
investors taking into account sub-item 2) of item 3 of the structure
exceeds the number of shares being offered (excluding the order of the
market-maker for shares), the size of the maximum amount of orders
acceptance will be reduced as follows:
reduction begins from the maximum number of orders satisfaction equal to
14,000 (fourteen thousand) pieces of shares of the Company;
reduction pace makes up one share;
reduction is carried out until the moment of equalization of the demand
(total number of shares indicated in orders from retail investors) and supply
(number of shares of the Company being offered);
3)shares not demanded by retail investors taking into account fulfillment
of sub-items 1) and 2) of item 3 of the structure are offered amongst
institutional investors that submitted orders in excess of 14,000 (fourteen
thousand) pieces of shares, as follows:
In case the total demand is less than the remaining number of shares, all
orders are accepted in full;
In case the total demand is higher than the remaining number of shares, the
size of the maximum amount of orders acceptance will be increased as
follows: an increase starts from the minimum number of orders acceptance
equal to 14,001 (fourteen thousand and one) pieces of shares, the increase
pace makes up one share. The increase is carried out until the moment of
equalization of the demand (not satisfied demand from retail investors
taking into account execution of sub-items 1) and 2) of item 3 of the
structure and supply (the number of remaining shares being offered after
implementation of sub-items 1) and 2) of item 3 of the structure);
4)shares not demanded by retail investors taking into account fulfillment
of sub-items 1), 2) and 3) of item 3 of the structure are distributed in
favor of the institutional investor according to the order submitted;
Shares not demanded by investors taking into account fulfillment of item 3 of
the structure are offered on the regulated securities market not earlier than 6
(six) months after the offering date under the Program "People's IPO"
according to the procedure established by Kazakhstan's legislation.
Peculiarities of distribution of the Company's shares.
At distribution of shares amongst various groups of investors during their
initial offering, the date of order submitting within the subscription period
is not taken into account.
During preparation of this message KASE used exclusively materials provided to
the Exchange by Subsidiary organization of Halyk Bank of Kazakhstan "Halyk
Finance" JSC.
[2014-11-17]