Sovereign Wealth Fund "Samruk-Kazyna" announces IPO parameters of common shares KZ1C00001122 (KMGZ) of National company "KazMunayGaz"

07.11.22 20:45
/KASE, November 7, 2022/ – Sovereign Wealth Fund "Samruk-Kazyna" JSC (Astana) has provided Kazakhstan Stock Exchange (KASE) with the following press release dated November 7, 2022: quote ... Confirmation of key aspects of the planned Offer - The planned KMG IPO is carried out as part of the implementation of the Comprehensive Privatization Plan for 2021-2025, approved by the Government of the Republic of Kazakhstan. - The Fund intends to offer Shares to Kazakhstani and international retail and institutional investors on Kazakhstani platforms of the AIX and the Kazakhstan Stock Exchange (hereinafter – KASE) in accordance with the rules and regulations of the AIX and the KASE. - Currently, the Fund owns 90.42% of all issued and outstanding ordinary Shares. As part of the Offer, the Fund intends to offer up to 30,505,974 Shares for sale, which represents up to 5% of the total number of issued and placed Shares (in the amount of 610,119,493 pcs). Following the Offer, the Fund will own at least 85% of the total Shares. - KMG does not plan to sell (place) Shares as part of the Offer and will not receive any proceeds from the Fund’s sale of Shares as a result of the IPO. - The price per Share for the purposes of the Offer is KZT 8,406, assuming a capitalization of KZT 5.1 trillion. - Admission of Shares to the official list of the AIX with the "KMG" trading symbol is expected on December 7, 2022, and the admission to trading on the AIX is expected on December 8, 2022. - KMG ordinary shares are already included in the official list of the KASE with "KMGZ" trading symbol. - Current shareholders of KMG, the Fund and the National Bank of Kazakhstan, will not be allowed during a 180-day lock-up period to sell or otherwise alienate Shares with certain generally accepted exceptions in each case. - Acceptance of investor applications will begin on November 9, 2022, at 12:00 (Astana time) and will end for institutional investors on November 30, 2022, at 06:00 pm (Astana time), and for retail investors – on December 2, 2022, at 03:00 pm (Astana time). - The roadshow with participation of the representatives of KMG and the Fund is planned to start on November 9, 2022, or in the time nearest to this date. - BCC Invest JSC, Freedom Broker JSC, Halyk Finance JSC and SkyBridge Invest JSC are joint coordinators and bookrunners of the Offer. - For purposes of the Offer, KMG prepared a Prospectus in English, which was approved by the AIX on November 7, 2022. KMG arranged for the translation of the Prospectus into Kazakh and Russian. The translation of the Prospectus into Kazakh and Russian and/or other languages was not verified or approved by the AIX. If in doubt, you should rely on the version of the Prospectus in English. The Prospectus in English, Kazakh and Russian will be made available for review inspection on the KMG website at the link: and the website of JSC Sovereign Wealth Fund "Samruk-Kazyna" at the link: ... unquote The complete press release is available on – [2022-11-07]