KMG EP announces the results of the specialized bidding round for purchase of the preferred stock on KASE
KazMunaiGas Exploration Production JSC (the Company, KMG EP) reports a specialized bidding round for purchase of the Company's preferred stock was held in the KASE trade system during 1-16 October 2018.
Following the results of the specialized bidding round, the Company has met the requests for selling 194,697 preferred shares at the price of 12,800 KZT per share. The aggregate purchase amount totaled 2,492,121,600 KZT.
We recall, on 13 August the Company announced the purchase of its preferred stock in the amount of up to 1,905,209 shares of the free float, at the price of 12,800 KZT per share. Purchase of the preferred stock will last till 16 November 2018.