05 September, 2018
KMG EP announces the completed specialized trades for repurchasing its preferred shares on KASE
Astana, 5 September 2018. KazMunayGas Exploration Production JSC (Company) announces that the trades for the repurchase of the Company’s preferred shares were held on KASE from 17 August through 18 August 2018.
At the close of specialized trades the Company approved the requests for sale of 294 702 preferred shares at a cost of KZT 12 800 per share. The total purchase amount made up KZT 3 772 185 600.
As a reminder, on 2018 August 13 the Company announced the repurchase of its preferred shares up to 1 905 209 shares in free circulation at a cost of KZT 12 800 per share.
The repurchase of preferred shares will proceed until November 16, 2018.