KMG EP's Board of Directors extends the deadline for the repurchase of preferred stock until 31 January 2019
Owing to the big high of applications from the shareholders of KazMunaiGas EP JSC (KMG EP, the Company), KMG EP's Board of Directors has resolved to extend the deadline for repurchasing KMG EP's preferred stock until 31 January 2019. Previously, the repurchase completion date was set to 16 November 2018.
As before, calculations will be made twice a month until 31 January 2019, according to the following schedule:
19 Nov. 2018 – 29 Nov. 2018 - seventh period of placing client orders for sale of preferred stock during a specialized bidding round
30 Nov. 2018 – seventh settlement date
4 Nov. 2018 – 20 Dec. 2018 - eight period of placing client orders for sale of preferred stock during a specialized bidding round
21 Dec. 2018 – eight settlement date
24 Dec. 2018 – 10 Jan. 2019 - ninth period of placing client orders for sale of preferred stock during a specialized bidding round
11 Jan. 2019 – ninth settlement date
14 Jan. 2019 – 30 Jan. 2019 - tenth period of placing client orders for sale of preferred stock during a specialized bidding round
31 Jan. 2019 – Final Settlement Date
We recall, on 13 August the Company announced the repurchase 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. To date, the Company has bought back 948,958 of its preferred shares for a total amount of 12,146,662,400 KZT.
For all questions, please contact Kazpost JSC's Common Call Centre at 1499 toll-free.
JSC National Company KazMunayGas is Kazakhstan’s national operator for exploration, production, refining and transportation of hydrocarbons. 90.42% of shares of JSC NC "KazMunayGas" are owned by Sovereign Wealth Fund "Samruk-Kazyna" JSC, and 9.58% – by the National Bank of the Republic of Kazakhstan.