/KASE, October 18, 2021/ – NAC Kazatomprom (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated October 18, 2021:
quote
JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company")
is pleased to announce that its Board of Directors has passed a resolution to
participate in a physical uranium fund, ANU Energy OEIC Ltd. ("ANU Energy" or
"the Fund"), established on the Astana International Financial Centre (AIFC).
The Fund will hold physical uranium as a long-term investment with its initial
purchases financed through the founders’ round investment totaling US$50
million, sourced from Kazatomprom at 48.5%, National Investment Corporation of
the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the
Fund Manager) at 3%.
Once the Fund is operating, a second stage of development is expected to be
carried out through an additional public or private offering, with the timing
and details to be determined by market conditions. At the second stage, the
Fund is expected to raise capital of up to US$500 million from institutional
and/or private investors, with the proceeds to be used for additional uranium
purchases.
unquote
The complete press release is available on KASE website –
https://kase.kz/files/emitters/KZAP/kzap_reliz_181021_1.pdf
[2021-10-18]