KMG EP announced closing a major transaction
Astana, 13 September 2018. JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces that the resolution adopted by the Board of Directors on 10 September 2018 to provide financial aid to JSC “National Company “KazMunayGas” is a resolution on closing a major transaction or a series of interrelated transactions as a result of which the Company acquires or divests (may acquire or divest) the asset, which is valued in the amount of twenty-five or more percent from the total balance value of the Company’s assets.
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Terms and conditions of the transaction |
Providing financial aid in the amount up to 680 000 000 000 Tenge for 12 months |
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the date of the decision of the body of the joint-stock company to conclude a transaction |
10.09.2018 |
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subject of the transaction |
Financial aid |
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Information on the acquired / divested assets(s) |
Cash |
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the percentage ratio of the value of the property being the subject of the transaction to the total value of the assets of this joint-stock company, as of the date of adoption by the body of the joint stock company of the decision to conclude the transaction. |
37 |
For further details please contact us at:
KMG EP. Investor Relations (+7 7172 97 5433)
e-mail: ir@kmgep.kz
KMG EP. Public Relations (+7 7172 97 78 87)
e-mail: pr@kmgep.kz
Forward-looking statements
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