/KASE, July 2, 08/ - RESMI Finance and Investment House JSC (RESMI FIH
JSC, Almaty), a financial advisor of Mangistau Electricity Distribution Network
Company JSC (MEDNC JSC, Aktau), securities of which are traded in the official
list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with
press release, made by MEDNC JSC and RESMI FIH JSC of the following
content:
Quotation start
In compliance with decision of Board of directors of Mangistau Electricity
Distribution Network Company JSC (MEDNC JSC), dated May 7, 2008 (protocol#
6), the part of MEDNC`s JSC shares of additional issue in amount of 322,912
common shares were suggested to offer among population of Mangistau oblast.
During the period of June 9 - 23, 2008 applications from physical entities for
purchase of MEDNC`s JSC shares was conducting in Mangistau oblast. It was
realized through transfer-agent network of Kazpost JSC and RESMI FIH JSC
centers, opened especially for this offering.
RESMI Finance and Investment House JSC perform as financial adviser.
The main aim of offering is activation of stock market by means of involving
people and receiving market evaluation and investment borrowing to the
company.
Assets, borrowed by means of shares offering will be used in compliance with
ratified developing plan of MEDNC JSC for 2008 - 2010.
Offering of MEDNC`s JSC shares will be realized in 2 stages:
- First stage applications were accepted on total amount of shares 298,213
copies, what makes 92.3% from the suggested amount. Application`s price
varied from KZT1,485 to KZT1,660. In compliance with terms of shares
offering, cut off price was determined in amount of KZT1,485 and all
accepted applications were totally satisfied. At the current moment, payments
and shares` entering in investors` account are in process.
- Second stage 107,637 shares and unplaced on the first stage 24,699 shares
are planned to offer on Kazakhstan Stock Exchange`s trading floor. These
shares are included in KASE`s category "A" official list. trades with MEDNC`s
JSC shares are planned to execute on July 15, 2008 by method of
specialized trades. This method is used while selling or purchasing securities
by the sole seller or purchaser correspondently.
For detailed information:
Erbolat Eleshev, director of Investment Banking Department of RESMI FIH JSC
Kazakhstan, 050040, Almaty, 110 E, al Farabi av
tel.: + 7 (727) 266 70 77, 266 71 77
fax: + 7 (727) 266 74 00
Quotation end
The full version of press release of Mangistau Electricity Distribution Network
Company JSC is available at KASE website at:
-
http://www.kase.kz/emitters/scan/mrek/mrek_reliz_020708k.pdf - in Kazakh;
-
http://www.kase.kz/emitters/scan/mrek/mrek_reliz_020708.pdf - in Russian.
[2008-07-02]