/KASE, May 10, 2018/ – KazMunaiGas Exploration Production (Astana), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the press release dated May 10, 2018, which states as follows:
quote
Further to the Company's announcement of 11 April 2018 in respect of submission
of notices to the FCA to cancel the standard listing of the GDRs on the Official
List and to the London Stock Exchange (“LSE”) to cancel the admission of the GDRs
to trading on the main market of the LSE (the "LSE Delisting"), KMG EP announces
that the LSE Delisting is now effective as of 8.00 a.m. (London time) today,
10 May 2018.
Further to the Company's announcement of the same date in respect of submission
of an application for the delisting of the Common Shares and the GDRs from the
Kazakhstan Stock Exchange (the "KASE Delisting"), KMG EP also announces that the
Listing Commission of the KASE has approved the KASE Delisting with effect from
today, 10 May 2018.
As a result of the above, the Relationship Agreement has terminated. Furthermore,
as announced earlier, the new version of the Charter of the Company, as approved
by the shareholders at EGM 2 on 12 March 2018, became effective from the moment
of the LSE Delisting.
KMG EP also announces that it has repurchased at a cost of KZT677,504,350 a total
of 61,990 Preference Shares from Preference Shareholders who between 12 March
2018 and 11 April 2018 exercised their respective Put Option Right. In accordance
with the JSC Law, the Put Option Right became exercisable on 12 March 2018 and
expired on 11 April 2018. For further details in respect of the Put Option Right,
please refer to the Tender Offer Document, which can be found at the following
link:
https://www.kmgep.kz/eng/investor_relations/tender_offer/.
As a result, the Company now holds a total of 2,230,898 Preference Shares in
treasury.
unquote
Detailed information is posted on the KASE website (in Russian) –
http://kase.kz/files/emitters/RDGZ/rdgz_reliz_100518_1.pdf
[2018-05-10]