/KASE, November 15, 22/ – Kazakhstan Stock Exchange (KASE, or the Exchange)
announces that beginning from 12:00 o'clock, Astana time (AST), November 9, 2022,
common shares KZ1C00001122 (KASE main market, "standard" category, KMGZ) of
National Company "KazMunayGas" JSC (hereinafter – the Issuer) are sold in KASE's
trading system by way of subscription to them as part of the initial public
offering (IPO).
The subscription will be held:
- until 18:00 AST, November 30, 2022 – for institutional investors;
- until 15:00 AST, December 2, 2022 – for retail investors.
Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance JSC acts as a
seller during the subscription to the said shares on KASE (hereinafter – the
Seller). Joint bookrunners: BCC Invest JSC – a subsidiary of Bank CenterCredit JSC,
Freedom Finance JSC, Halyk Finance Subsidiary of Halyk Bank JSC,
SkyBridge Invest JSC.
The number of shares being offered up for sale is up to 30,505,974 pieces, the
price per share is 8,406 tenge.
Subscription orders will be accepted on working days from 09:00 to 18:00 AST.
The security ticker during the subscription is KMGZ.
The minimum number of shares per order is 1 share. No restrictions for buyers
on the maximum number of shares in submitted orders have been specified in
the subscription terms and conditions. The number of orders submitted by one
person is not limited.
The deadlines for providing the Seller with the register of orders accepted by
the Exchange are November 30 and December 2, 2022.
The date and time of providing the Exchange with the register of orders executed
by the Seller is December 5, 2022, 18:00 AST.
The date and time of conclusion of transactions is December 7, 2022 from 10:30
AST.
The date and time of settlement is December 7, 2022 from 15:30 AST.
Settlements are carried out by Central Securities Depository JSC.
According to the terms of this subscription, the list of additional information
about the investor disclosed to the issuer of the said shares includes the
following information:
1) surname, name, patronymic (if any) of the individual or name of the legal
entity;
2) IIN of the individual or BIN of the legal entity;
3) Citizenship of the investor – an individual, or the state where the
investor – a legal entity was incorporated;
4) the name of the broker/member of the exchange who submits his own order
or a client order;
5) type of investor – individual or legal person.
In case of KASE members sending orders from omnibus or foreign custodial
accounts, these orders will be accepted by KASE only if information about
investors is disclosed in the established format for KASE, in particular,
disclosure of personal data in accordance with the requirements of the issuer
through a web module. At the same time, KASE members are responsible for the
accuracy of information/personal data disclosed to KASE through the web module,
and agree that this information will also be disclosed to the Seller/Issuer and
joint bookrunners. In this regard, KASE members submitting orders from omnibus
or foreign custodial accounts need to obtain appropriate consents from their
clients for the disclosure of personal data before accepting or in the process
of accepting an order. Additionally, we remind you that KASE members are
subject to surveillance by the Agency of the Republic of Kazakhstan for
Regulation and Development of the Financial Market, which has the right to
verify the accuracy of the personal data provided at any time.
Orders for purchase of shares can be submitted by retail investors-citizens of
the Republic of Kazakhstan, institutional investors-residents of the Republic
of Kazakhstan, as well as investors-non-residents of the Republic of Kazakhstan
(both retail and institutional).
Execution of orders (full or partial) is carried out at the sole discretion of
the Seller (and, as applicable, the Issuer), in general, based on the following
principles:
1. Priority of execution of orders of retail investors-citizens of the Republic
of Kazakhstan. According to this principle:
1) orders of retail investors – citizens of the Republic of Kazakhstan are
executed in the first place in the maximum volume possible from the
total number of shares being offered;
2) orders of other investors (including institutional investors-citizens of the
Republic of Kazakhstan and investors-non-residents) are executed
secondarily in the maximum volume possible from the total number of
shares being offered, minus the number of shares necessary to fully
executed all orders of retail investors – citizens of the Republic of
Kazakhstan.
2. The unconditional right of the Seller (and, as applicable, the Issuer) to
refuse, in its sole discretion, the execution of any order (in whole or in
part) in the event that, in the opinion (regardless of its correctness and
reasonableness) of the Issuer and the Seller (and, as applicable, the Issuer)
such execution results or may result: (1) in a high concentration of shares
in the hands of one person or group of related persons; and/or (2) violation
of applicable legal requirements and/or applicable compliance procedures.
In order to check the high concentration of shares in the hands of one person or
a group of related persons, joint bookrunners will check accepted orders against
the following additional criteria:
1) large orders, the volume of which is 1 % or more of the number of issued
common shares of the Issuer;
2) repeated/multiple orders that were submitted by one individual or legal
entity through different brokers or one broker and the total volume of which
is 1 % or more of the number of issued common shares of the Issuer.
Orders for participation in the subscription are submitted to the Exchange only
through KASE members of the "stock" category. The full list of KASE members is
available at
http://kase.kz/en/membership
The opening of a new segregated account in the trading and clearing system of
the exchange is carried out on the next business day after the opening of the
depositor's personal account with the Central Securities Depository.
Accordingly, a new personal account with the Central Securities Depository for
participation in the subscription must be opened no later than one business day
before the deadline for accepting orders.
The rules of conducting subscription to securities are available on KASE website
at
http://kase.kz/files/normative_base/rules_ipo_eng.pdf
More detailed information on the issue of these shares is published on KASE
website at
https://kase.kz/en/shares/show/KMGZ/
[2022-11-15]