NAC Kazatomprom comments on secondary offering of ordinary shares KZ1C00001619 (KZAP) and GDR US63253R2013 (KZAPd_US)

04.06.20, 10:37
/KASE, June 4, 2020/ – NAC Kazatomprom (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of June 3, 2020: quote JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") acknowledges today's secondary placement of shares and global depository receipts ("GDR") by the Company's majority shareholder, Joint-Stock Company "Sovereign Wealth Fund "Samruk-Kazyna" ("Samruk-Kazyna"). "In our interactions with the investment community over the past six months, we have continued to receive positive feedback on the Company's strategy and value creation, with interest in seeing an increase of the freefloat in Kazatomprom shares," said Galymzhan Pirmatov, Chief Executive Officer of Kazatomprom. "SamrukKazyna's announced placing effectively reduces its ownership position to approximately 75%, and it is a positive step towards further improving the liquidity of Kazatomprom's shares. "We have seen increased interest in both Kazatomprom and the uranium market in recent months, which supported the timing of this transaction. The unique approach of building both an institutional book on the London Stock Exchange ("LSE") and Astana International Exchange ("AIX"), with the domestic retail offering following on AIX, provided a great opportunity for a diverse group of interested investors to participate and own shares in the world's leading uranium producer." unquote The complete press release is available on KASE website – [2020-06-04]