/KASE, November 30, 10/ - Kazakhstan Stock Exchange (KASE) informs that
the seventh special trade was held from November 1 to November 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.
25 (twenty five) KASE members took part in the trade submitting 341 orders of
which at the orders submission period expiry 307 orders for sale of 372,769
preferred shares remained active. At the trade the bid made up 9.0 % of the
volume declared for acquisition.
In the total number of active orders brokerage and dealer companies accounted
for 17.8 % of orders, their clients - 82.2 %.
By trades results the buyer has set the cut-off price at KZT17,407.98 per share
and officially proved to KASE his intent to satisfy 275 orders for sale of
362,355 shares. In case of successful settlement completion, the purchase amount
will make up KZT6,307,868,592.90 (equivalent of USD42,742,028.68 at current
exchange rate).
We remind that settlements on deals concluded at the mentioned special trades
must be completed on December 3, 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 sixth trades September 1-30 the buyer satisfied 165 orders for
sale of 220,598 preferred shares at the price of KZT15,472.39 per share. The
purchase amount made up KZT3,413,178,289.22 (equivalent of
USD23,129,215.21 at exchange rate as of July 30)
By the results of seven trades (March 9, March 10, March 11 - April 9, April
30 - May 28, July 1 - July 30, September 1 - September 30, November 1-30) the
total number of preferred shares, whose purchase was officially confirmed by
the buyer, made up 1,346,213 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
[2010-11-30]