/KASE, November 23, 2021/ – NAC Kazatomprom (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated November 23, 2021:
quote
National Atomic Company Kazatomprom JSC ("Kazatomprom" or "the Company") has now
formally signed the framework agreement with Genchi Global Limited for the
Company’s investment in the physical uranium fund "ANU Energy OEIC Ltd."
("ANU Energy" or "the Fund"), registered on Astana International Financial
Center (“AIFC”), and the Fund will begin operations.
Mazhit Sharipov, Chief Executive Officer of Kazatomprom and Ali Ashraf,
Director of Genchi Global Limited attended the signing ceremony. Additional
guests included Almassadam Satkaliyev, CEO of Samruk-Kazyna JSC, Kairat
Kelimbetov, AIFC Governor, and Galymzhan Tajiyakov, CEO of National
Investment Corporation of the National Bank of Kazakhstan JSC.
The framework agreement defines the terms of Kazatomprom's investment and
mechanisms for the supply of uranium products from Kazatomprom to the Fund,
as a key supplier. The document also provides a number of mechanisms
regarding the lock-up period and price threshold after which the Fund could be
able to sell certain amounts of uranium to the market, with Kazatomprom having
a priority right to repurchase any uranium the Fund decided to sell. The primary
purpose of the conditions is to maintain the future balance of supply and demand
in the market.
unquote
The complete press release is available on KASE website –
https://kase.kz/files/emitters/KZAP/kzap_reliz_231121_1.pdf
[2021-11-23]