KMG EP REPORTS ON VOLUNTARY PREFERRED STOCK DELISTING FROM KASE AND EFFECTIVE PERIOD OF ARTICLE 27 OF RK JOINT-STOCK COMPANIES ACT
KazMunaiGas Exploration Production (KMG EP, the Company) is hereby reporting that 11 April 2019 the decision was made by Extraordinary General Meeting of Shareholders to remove the Company’s preferred stock (resolution on voluntary delisting) from Kazakhstan Stock Exchange JSC (KASE).
The Company intends to delist preferred stock on 14 May 2019.
According to article 27 of the RK Joint-Stock Companies Act, the absentee or non-consenting shareholders are entitled to submit a request to the Company for redemption of shares (common and/or preferred) they own within thirty days of the Resolution, on or before 13 March 2019, by sending a written application to the Company at the following address: 17 Kabanbay Batyr, 010000, Nur-Sultan, Republic of Kazakhstan. The redemption price will be determined in accordance with the KMG EP Standard Shares Evaluation Procedure, as respectively applied to repurchase of common and preferred stock by the Company, approved by the General Meeting of Shareholders on 23 January 2008 and amended on 22 January 2018 and 11 July 2018 (the Standard Procedure).
The Standard Procedure text is available at: http://kmgep.kz/uploads/files/Metodika_11.07.2018.pdf