Company to place 25 999 999 common shares within IPO

Resolution of the Government of the Republic of Kazakhstan as of October 30, 2014 No 1156 approved the decision of the Board of Directors of «Samruk-Kazyna» JSC on the price, quantity and structure of the placement of «KEGOC» shares on Kazakhstan Stock Exchange within the «People's IPO”.

In accordance with the approved resolution of the Board of Directors of “Samruk-Kazyna” JSC 25, 999, 999 common shares of “KEGOC” will be placed within the initial offering. The price of one common share is 505 tenge.

Citizens of the Republic of Kazakhstan, «United Accumulative Pension Fund» JSC purchasing shares from pension assets, and the market maker have the right to acquire shares.

The approved structure will allow to meet the requests of all retail investors - citizens of the Republic of Kazakhstan.

The offered shares will be distributed to investors in the following sequence:

- The application of market-maker;

- The applications of retail investors for shares are fully met within 14,000 shares.

In case the number of shares specified in the applications of retail investors exceeds the number of offered shares (excluding market makers applications), the size of the maximum number of meeting applications will be reduced starting from the maximum number of meeting applications equal to 14 000 shares in increment of one share until the alignment of supply and demand.

Shares unclaimed by retail investors within a specified threshold of 14,000 shares are distributed among retail investors who applied more than 14,000 shares in the following order:

- If the aggregate demand is less than the remaining number of shares, all applications are fully met;

- If the aggregate demand over the remaining number of shares, the size of the maximum number of meeting applications will be increased from the minimum amount of meeting applications equal to 14001 shares in increment of one share until the alignment of supply and suggestions.

Shares unclaimed by retail investors are distributed in favor of «United Accumulative Pension Fund» JSC, according to the submitted application.

Shares unclaimed by investors considering the above procedures for the distribution will be posted on the organized securities market according to law not earlier than six (6) months after the date of placement within the «People's IPO” program.

Deadline for application within the subscription period is not considered.

Dates of subscription for the offered common shares of «KEGOC» from November 5 to December 3, 2014.

Payment of common shares of «KEGOC» must be made not  later than the date of completion of the subscription until December 3, 2014 in accordance with the terms of the contract for the provision of brokerage services.

To participate in the subscription individuals have to submit the appropriate order for the purchase of shares through brokers or through transfer - agents in «Kazpost» offices (list of branches on the site http://www.kazpost.kz). 

Detailed information about participation in the subscription is available on the web site http://www.halyk-ipo.kz, as well as by phone 8800070 15 70 (toll-free around Kazakhstan).

 

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