KazMunaiGas Exploration Production's Board of Directors extends deadline for repurchase of preferred shares KZ1P51460114 (KZ000A0RMTC3, RDGZp) until January 31, 2019
13.11.18 17:48
/KASE, November 13, 2018/ – KazMunaiGas Exploration Production (Astana), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release:
quote
Owing to the big high of applications from the shareholders of KazMunaiGas
EP JSC (KMG EP, the Company), KMG EP's Board of Directors has resolved to
extend the deadline for repurchasing KMG EP's preferred stock until 31 January
2019. Previously, the repurchase completion date was set to 16 November 2018.
As before, calculations will be made twice a month until 31 January 2019,
according to the following schedule:
19 Nov. 2018 – 29 Nov. 2018 - seventh period of placing client orders for sale
of preferred stock during a specialized bidding round
30 Nov. 2018 – seventh settlement date
4 Nov. 2018 – 20 Dec. 2018 - eight period of placing client orders for sale of
preferred stock during a specialized bidding round
21 Dec. 2018 – eight settlement date
24 Dec. 2018 – 10 Jan. 2019 - ninth period of placing client orders for sale of
preferred stock during a specialized bidding round
11 Jan. 2019 – ninth settlement date
14 Jan. 2019 – 30 Jan. 2019 - tenth period of placing client orders for sale of
preferred stock during a specialized bidding round
31 Jan. 2019 – Final Settlement Date
We recall, on 13 August the Company announced the repurchase of its preferred
stock in the amount of up to 1,905,209 shares of the free float, at the price of
12,800 KZT per share. To date, the Company has bought back 948,958 of its
preferred shares for a total amount of 12,146,662,400 KZT.
For all questions, please contact Kazpost JSC's Common Call Centre at 1499
toll-free.
unquote
[2018-11-13]