DURING IPO BAST PLACED ON KASE 16,475 ORDINARY SHARES KZ1C59680013 (KZ1C00001015, BAST) AT KZT21,827 PER SHARE TO A TOTAL OF KZT359.6 MLN
09.04.15 14:58
/KASE, April 9, 15/ – As was announced earlier from March 3 to April 3, 2015
an initial offering of ordinary shares KZ1C59680013 (KZ1C00001015, KASE
official list, second category, BAST) of BAST JSC (East Kazakhstan region) was
conducted in Kazakhstan Stock Exchange (KASE) trading system by way of
subscription to them.
Freedom Finance JSC (Almaty, hereinafter – the Seller), the underwriter of the
offering and market-maker on KASE, would act as seller during the subscription
to the mentioned shares.
Number of shares offered – 18,450 pieces. The offering price range was announced
at KZT19,843.00 – KZT21,827.00 per share. Date of settlements based on results
of the subscription – April 8, 2015.
By the end of collection of orders 579 orders were submitted to KASE trading
system of which 539 orders for purchase of 19,570 shares were considered active.
All active orders, except one, whose price made up KZT19,850.00 per share, were
sold at a price of KZT21,827.00 per share, i.e. at the price of the upper limit
of the offering price range. The total demand made up KZT427.1 mln and exceeded
the supply by 6.1 %.
Orders for purchase of BAST shares came from four members of KASE stock market,
all orders were submitted on behalf of individuals from 516 personal accounts.
Based on results of the subscription the issuer fixed the cut-off price at
KZT21,827.00, executing 522 orders of individuals for purchase of 16,475 shares
(89 % of the offered volume), submitted from 501 personal account. The total
placement volume made up KZT359,599,825 (USD1,937.0 at the current market rate).
The remaining 10.7 % of BAST shares already belong to Freedom Finance JSC and
they will be used by Freedom Finance for fulfillment of obligations of the
shares' market-maker on KASE. Thus, BAST under the IPO on KASE placed all shares
supposed for placement.
According to the Central Securities Depository JSC all deals based on