/KASE, September 27, 2023/ – KEGOC JSC (Astana), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated September 27, 2023:
quote
At the company's annual general meeting of shareholders, the shareholders of
KEGOC approved a secondary offering (SPO) of shares.
"Samruk-Kazyna is persistently and methodically working to privatize the Fund's
assets and denationalize the economy. With the help of the SPO, KEGOC will
strengthen its financial position and be better able to launch new investment
initiatives for the modernization and expansion of its energy infrastructure.
This, in our opinion, is a crucial step toward increasing the openness,
effectiveness, and competitiveness of the Fund's portfolio companies" noted
Saltanat SATZHAN, Samruk-Kazyna's MD for Development and Privatization.
The company will offer 15,294,118 of its ordinary shares as part of the SPO;
however, Samruk-Kazyna JSC will retain at least 85 percent of the total number
of shares.
"KEGOC has significant growth potential as a result of new regulatory changes
and a growing electricity market. Since its initial public offering in 2014, the
company's share price has tripled, and shareholders have received
approximately 218 billion tenge" said Nabi AITZHANOV, Chairman of KEGOC's
Management Board.
KEGOC's SPO will be held via an additional issue. The joint coordinators and
bookrunners of the SPO are Freedom Finance JSC, Halyk Finance JSC and
SkyBridge Invest JSC. The co-underwriters are BCC Invest JSC and Jusan
Invest JSC.
Current shareholders who own 17 or more KEGOC shares will be able to
purchase shares in the additional share offering first through a pre-emptive
right available for 30 days, from September 28 to October 27, inclusive.
Current shareholders will be able to apply through brokers or directly to
KEGOC.
Applications from the new investors for participation in the offering will be
accepted from October 16 to November 2, inclusive. SPO applications can be
submitted through brokers, bank and Tabys applications, and Kazpost JSC
branches.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/KEGC/kegc_relizs_270923.pdf
[2023-09-27]