/KASE, October 2, 06/ - By decision of Board of Kazakhstan stock exchange
(KASE) since October 4 2006 at 16:00 of Almaty time trades in KZ1C51460018
issue common shares of Exploration Production KazMunayGas JSC (Astana)
(trade code - RDGZ) are opening in secondary market sector of KASE.
The quotation accuracy of RDGZ in KASE's trade system is set to second
decimal digit of the share price, expressed in Kazakhstan tenge.
The functions of market-maker on RDGZ will execute VISOR Capital JSC
(Almaty) with minimal volume of the compulsory quotation in the size of
1.000 monthly payment indicators.
The mentioned shares were included into KASE's official list of "A" category
on December 31 2004, but trades in them were not open on KASE because
of absence of the corresponding application from the issuer. The last one
was in conflict with subparagraph 8 paragraph 2 article 19 of the Listing
rules of KASE, according to which shares must be transferred to the
category "B" of the offcila list of securities, if during twelve months
of the last calendar year the volume of the exchange deals with them does
not exceed the half percent from their total amount, announced to issue.
Considering that, on February 20 2006 Exploration Production
KazMunayGas JSC addressed to KASE with the official request about
elongation the terms of opening of trades in mentioned shares on the
exchange till December 31 2006. In the message of the company it was
pointed that the provided delay will let to open trades in its securities
simultaneously, on KASE and London stock exchange (LSE).
Taking into consideration the arguments listed by the company while
explaining the break in giving the application about opening of trades in
its shares on KASE, The Exchange's council of KASE decided to postpone the
examining of the question of transferring the common shares of Exploration
Production KazMunayGas JSC from "A" category to "B" of KASE's official list
till December 31 2006.
On September 29 2006 Exploration Production KazMunayGas JSC informed
KASE about the successful completion of offering the common shares on
LSE as GDR with the price USD14.64 per GDR (1 GDR = 6 shares) and on
Kazakhstan market through signing with the price KZT11,163.39 per share
with calculations through KASE. The offering consisted from 23,086,791
again issued common shares, offered by Exploration Production
KazMunayGas JSC along with 3,463,019 existing common shares, which
are offering by underwriters from the name of NC KazMubayGas JSC with
the objectives of market stabilization after offering.
More full information about securities is available on web-site of KASE at
http://www.kase.kz/emitters/rdgz.asp
[2006-10-04]