KMG EP announces the results of special trading to repurchase preferred shares on Kazakhstan Stock Exchange
Astana, 19 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 2 and 15 November 2018.
Following the special trading, the Company met requests for the sale of 109,405 preferred shares at the price of 12,800 per such share. The total repurchase sum was 1,400,384,000 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. On 12 November 2018 the Board of Directors of KMG EP passed a resolution to extend the repurchase of preferred shares until 31 January 2019 because of the large number of requests from shareholders.
Therefore, since the launch of the buyback programme the Company has repurchased 1,058,363 preferred shares to the total sum of 13,547,046,400 tenge.