Exploration Production KazMunayGas JSC officially announced about trades' opening in common shares on KASE and in GDR on LSE
05.10.06 20:44
/KASE, October 5, 06/ - Exploration Production KazMunayGas JSC
(Astana) which shares are traded in Kazakhstan stock exchange's category
"A" official listing, spread today the press-release in which following is said:
Quotation begin
Exploration Production KazMunayGas JSC (further EP KMG or Company)
one of the leading producers of oil in Republic of Kazakhstan, informs that
yesterday, on October 4 2006 started the unconditional trades in again
issued common shares of company on Kazakhstan stock exchange. EP
KMG also announces that global depositary receipts (GDR) of the company
were included into Main list of United Kingdom Listing Administration; the
unconditional trades in GDR on London stock exchange started today at
8:00 of London time.
The global offering consists of 23,086,791 of again issued common shares
offered by the Company along with 3,463,019 already existing common
shares. Securities are offering in form of (i) global depositary receipts (GDR)
fro listing on London stock exchange and (ii) common shares (Shares) which
are already in the listing of Kazakhstan stock exchange. To one common
share corresponds six GDR.
GDR and Shares were offered among international and Kazakhstan
investors (Global offering) at the price of global depositary receipt equal to
KZT11,163.39 (called together as "Price of global offering"). Based upon the
Price of global offering, volume of Global offering without consideration of
shares offered with objectives of stabilization totals about 2.0 bn. US dollars
(about KZT258 bn.), which supposes market capitalization (without
consideration of preferred shares) in size about 6.2 bn. US dollar or KZT784
bn.
The portfolio of applications from 15 Kazakhstan pension funds and
companies, managing pension assets, was fully formed ad totaled 7,390,256
common shares.
For additional information please contact at:
"EP "KMG",Public relations' department (+7 317 2 977 908, +7 3172 977 924)
Lyazzat Kokkozova
E-mail: pr@kmgep.kz
"EP "KMG",Department of connections with investors (+7 3172 975433)
Aleksandr Gladyshev
E-mail: ir@kmgep.kz
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
David Westover
Quotation end
[2006-10-05]