/KASE, September 30, 10/ - Kazakhstan Stock Exchange (KASE) informs that
the sixth special trade was held from September 1 to September 30, 2010 in the
KASE trading system to buy back preferred shares KZ1P51460114 (KASE
official list, third category, RDGZp) of KazMunaiGas Exploration Production
(Astana).
VISOR Capital (Almaty) acted as an authorized buyer at the special trade.
At present the total volume of authorized and offered shares of KazMunaiGas
Exploration Production is 4,136,107 units. The buyer is intending to buy up to
100 % of this volume.
39 (thirty nine) KASE members took part in the trade submitting 389 orders of
which at the orders submission period expiry 344 orders for sale of 300,706
preferred shares remained active. At the trade the bid made up 7.3 % of the
volume declared for acquisition.
In the total number of active orders brokerage and dealer companies accounted
for 11.5 % of orders, their clients - 88.5 %.
By trades results the buyer has set the cut-off price at KZT15,472.39 per share
and officially proved to KASE his intent to satisfy 165 orders for sale of
220,598 shares. In case of successful settlement completion, the purchase amount
will make up KZT3,413,178,289.22 (equivalent of USD23,129,215.21 at current
exchange rate).
We remind that settlements on deals concluded at the mentioned special trades
must be completed on October 5, 2010 (according to ΠΆ+3 settlement scheme).
By the results of the first trades, on March 9 the buyer satisfied 46 orders for
sale of 122,733 preferred shares at the price of KZT21,060.52 per share. The
purchase amount made up KZT2,584,820,801.16 (equivalent of
USD17,561,116.93 at exchange rate as of March 9).
By the results of the second trades on March 10, the buyer satisfied 30 orders
for sale of 92,771 preferred shares at the price of KZT21,180.06 per share. The
purchase amount made up KZT1,964,895,346.26 (equivalent of
USD13,340,317.38 at exchange rate as of March 10).
By the results of the third trades which took place from March 11 to April 9,
the buyer satisfied 67 orders for sale of 65,224 preferred shares at the price
of KZT21,988.89 per share. The purchase amount made up KZT1,434,203,361.36
(equivalent of USD9,770,443.23 at exchange rate as of April 9).
By the results of the fourth trades which took place from April 30 to May 28,
the buyer satisfied 20 orders for sale of 26,384 preferred shares at the price
of KZT17,093.43 per share. The purchase amount made up KZT450,993,057.12
(equivalent of USD3,078,450.90 at exchange rate as of May 28).
By the results of the fifth trades which took place from July 1 to July 30, the
buyer satisfied 337 orders for sale of 456,148 preferred shares at the price of
KZT17,980.93 per share. The purchase amount made up KZT8,201,965,257.64
(equivalent of USD55,535,007.49 at exchange rate as of July 30).
By the results of six trades (March 9, March 10, March 11 - April 9, April 30 -
May 28, July 1 - July 30, September 1 - September 30) the total number of
preferred shares, whose purchase was officially confirmed by the buyer, made up
983,858 units.
The mentioned trades are part of KazMunaiGas Exploration Production program
on the buy back of its preferred shares.
As was informed earlier, KazMunaiGas Exploration Production had approved its
preferred shares buy back program which is to be carried out by organizing
consecutive separate series of 30-day special trades on KASE in accordance
with the Exchange's existing rules. The program is to be completed by December
31, 2011. The full text of the respective press-release by KazMunaiGas
Exploration Production is published at
http://www.kase.kz/news/show/1097005
Details on the mentioned shares issue is published on KASE web-site at
http://www.kase.kz/en/shares/show/RDGZp
[2010-09-30]