KazTransOil (Kazakhstan) to offer 40 m shares during People's IPO

/www.halyk-ipo.kz, August 15, 12, translation by KASE/ - A debutant of the "People's IPO" program, JSC "KazTransOil" (KTO) will offer 40 million of its shares to Kazakhstan's population in autumn. Such statement was made during the republican campaign "Single day of counseling for citizens concerning implementation of the "People's IPO" program" by Kairgeldy Kabyldin, general director of JSC "KazTransOil". "We cannot speak of the shares' value as yet, because in accordance with the terms that will be said after the government of the Republic of Kazakhstan, the Board of Directors of our major shareholder - fund "Samruk-Kazyna" adopt a relevant resolution. We announced today an additional issue - around 40 million shares, which will be offered for sale. That constitutes about 10% of the total number of shares of the company", - he said. "The company's indicators allow us to be confident that in future, in terms of yield of shares earmarked for the "People's IPO", KazTransOil shares are going to be a profitable assets to invest in for Kazakhstan's citizens", - assured KTO chief. According to him, beginning from the end of September during a month KazTransOil shares will be available for subscription. [2012-08-16]