/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 –
https://kase.kz/files/emitters/KZAP/kzap_reliz_030620_1.pdf
[2020-06-04]