KMG EP announces the results of special trading to repurchase preferred shares on Kazakhstan Stock Exchange
Astana, 2 November 2018. KazMunaiGas Exploration Production (“Company” or “KMG EP”) announces that there was a special trading to repurchase preferred shares of the Company on the Kazakhstan Stock Exchange trading platform between 17 and 31 October 2018.
Following the special trading, the Company met requests for the sale of 269,398 preferred shares at the price of 12,800 per such share. The total repurchase sum was 3,448,294,400 tenge.
Please be reminded that on 13 August the Company announced the repurchase of up to 1,905,209 of its free floating preferred shares at the price of 12,800 per such share. The repurchase of preferred shares will last until 16 November 2018.
Therefore, since the launch of the buyback programme the Company has repurchased 948,958 preferred shares to the total sum of 12,146,662,400 tenge.