/KASE, November 6, 12/ - Kazakhstan Stock Exchange (KASE or Exchange)
announces that under the implementation of the government program "People's
IPO" from November 6 to December 5, 2012 an initial public offering of
common shares KZ1C29950017 (KZ1C00000744, KASE official list, first category,
KZTO) of JSC "KazTransOil" (Astana) will be conducted in KASE trading system
by way of subscription to them.
JSC "Kazkommerts Securities" (subsidiary organization of JSC
"Kazkommertsbank") (Almaty, hereinafter - the Seller) will act as seller during
the conducting of subscription to the mentioned shares.
The quantity of shares being offered - 38,463,559 pieces. Price per share (at
discretion of the seller or issuer) - KZT725.
Acceptance of orders during the subscription will be conducted by the closed
method on working days from 10:00 o'clock to 17:00 o'clock Almaty time (ALT).
The security's code during the subscription - KZTO.
Restrictions for buyers regarding the maximum number of shares in submitted
orders have not been set.
The date of presenting to the Seller of the registry of orders accepted by the
Exchange - December 6, 2012. Date of presenting to the Exchange of the registry
of orders satisfied - December 10, 2012. The date of commencing settlements
upon results of the subscription - December 10, 2012.
The following persons can take part in the subscription:
1. market-maker in the person of the Seller;
2. physical persons - citizens of the Republic of Kazakhstan;
3. accumulative pension funds - residents of the Republic of Kazakhstan (orders
should be submitted only from accounts designated for pension assets).
All other categories of investors are not admitted to participation in the
Physical persons can submit orders for participation in the subscription to the
Exchange only through members of KASE stock market. The full list of members of
KASE stock market is available on KASE website, at
According to terms of this subscription the list of additional information about
the investor disclosed to the issuer of the mentioned shares includes the
1. surname, name, if available - patronymic or the name of the legal person;
2. TRN and / or IIN;
3. residence status;
4. requisites of the document certifying the identity of the physical person /
confirming the registration as a legal entity (type, number, date of issue and
body which issued the document);
Contacts of the Seller's responsible employee - Dauren Tasmagambetov, tel.
+7 (727) 244 65 63, +7 (727) 244 65 05, +7 702 777 1160, fax: +7 (727) 244 65 06;
Contacts of KASE's responsible employees are published on the Exchange's
website at http://www.kase.kz/en/page/ipo
The Rules for Conducting Subscription to Shares are published on KASE website at
Below is the Procedure of distribution of common shares of JSC
"KazTransOil" under this subscription provided to KASE by the Seller.
This Procedure of distribution of common shares of JSC "KazTransOil" among
various groups of investors during their initial public offering (hereinafter -
the Procedure) defines the sequence and priority at distribution of common shares
of JSC "KazTransOil" (hereinafter - the Company) among participants of the
1. Definitions used in this procedure:
- market-maker for shares of the Company - an Exchange member
recognized as such by the Exchange and committed to the Company to
continuously announce and maintain quotations for purchasing and selling of
the Company's shares and executing all responsibilities resulting from
possessing such status based on the agreement concluded with the
- retail investors - citizens of the Republic of Kazakhstan;
- institutional investors - accumulative pension funds incorporated in
accordance with the legislation of the Republic of Kazakhstan.
2. Restrictions regarding amount invested:
2.1 for a market-maker for the Company's shares - in accordance with the
order for purpose of maintaining liquidity in the secondary market;
2.2 for retail investors - orders are accepted without limits. Satisfaction of
retail investors' orders is carried out taking into account the section 3 of
2.3 for institutional investors - without limits taking into account the section
3 of this Procedure.
3. Procedure of distribution of shares of the Company among various groups
of investors during initial public offering:
3.1 An order of a market-maker for the Company's shares is satisfied in the
3.2 Orders of retail investors regarding the Company's shares are satisfied in
full within KZT7,000,000 (seven million).
3.3 In case the combined amount of orders from retail investors taking into
account item 3.2 of the Procedure exceeds the volume of shares being
offered (excluding the order of the market-maker for the Company's
shares), the amount of the maximum amount of satisfaction of orders will
be reduced as follows:
a. reduction begins from the maximum amount of orders satisfaction
equal to KZT7,000,000 (seven million);
b. reduction pace makes up an amount equal to the price of the share;
c. reduction is carried out until the moment of (proportional) equalization
of the demand and volume of the Company's shares being offered.
3.4 The volume of shares not demanded by retail investors taking into account
fulfillment of items 3.1-3.2 of the Procedure is offered amongst institutional
investors according to orders submitted by them.
3.5 In case the combined amount of orders from institutional investors exceeds
the volume of shares being offered (excluding orders of the market-maker
for the Company's shares and retail investors), orders of institutional
investors will be satisfied according to volumes of their orders.
3.6 The volume of shares of the Company not demanded by investors taking
into account fulfillment of items 3.1-3.5 of the Procedure is distributed
amongst retail investors who submitted orders exceeding KZT7,000,000
(seven million) as follows:
3.6.1 in case the combined demand is less than the volume of shares
remaining, all orders are satisfied in full;
3.6.2. in case the combined demand is higher than the volume of shares
remaining, orders are satisfied pro rata to volumes exceeding
KZT7,000,000 (seven million).
3.7 The volume of shares of the Company not demanded by investors taking
into account fulfillment of items 3.1-3.6 of the Procedure, is offered on the
organized securities market not earlier than 6 (six) months after the date of
offering under the Program "People's IPO" according to the procedure
established by the legislation.
4. Peculiarities of distribution of the Company's shares.
At distribution of the Company's shares amongst various groups of investors
during their initial offering, the deadline for order submitting within the
subscription period is not taken into account.
During preparation of this message KASE used exclusively materials provided
to the Exchange by JSC "Kazkommerts Securities" (Subsidiary organization
of JSC "Kazkommertsbank").