TIDM66ZX
RNS Number : 2256J
JSC NC KazMunayGas
09 December 2022
PRESS-RELEASE
December 6, 2022
More than 129 thousand applications for the purchase of shares
were submitted by investors during the IPO of JSC NC
KazMunayGas
JSC "Samruk-Kazyna" (Fund) and JSC NC "KazMunayGas" (KMG) inform
on the results of the subscription for shares of KMG within IPO
completed on December 2, 2022 on the Astana International Exchange
(AIX) and on the Kazakhstan Stock Exchange (KASE).
During the subscription, more than 129 thousand applications
were received from investors for a total amount of over 181 billion
tenge. Based on the results of the analysis of received
applications, a decision was made to approve applications totaling
more than 153 billion tenge it was decided to satisfy applications
for a total amount of over 153 billion tenge. The difference is
explained by the fact that, in accordance with previously published
purposes of analysis of received applications to prevent the
concentration of large blocks of shares in individual large
investors, the satisfaction of a number of received applications
was not made in full. Applications for purchase of shares received
from citizens of Kazakhstan were satisfied in full.
Thus, within the framework of this IPO the Fund sells 18,303,584
(eighteen million three hundred and three thousand five hundred and
eighty-four) ordinary shares of KMG, which is 3% of the total
number of placed ordinary shares of KMG.
Satisfied investor applications were distributed as follows:
-- applications of citizens of Kazakhstan - in the amount of about 74.6 billion tenge (48.5%);
-- applications of Kazakh legal entities - in the amount of about 72.7 billion tenge (47.2%);
-- applications of foreign individuals and legal entities - in
the amount of about 6.6 billion tenge (4.3%).
In the course of determining the applications to be satisfied,
priority was given to the applications received from the citizens
of the Republic of Kazakhstan, after satisfaction of which (in
full), the decision was made to satisfy the applications of the
other applicants.
Almassadam Satkaliev, Chairman of the Management Board of the
Fund:
"During the IPO of KMG, the leader of the oil and gas industry
of the Republic of Kazakhstan, all instructions of the State
Commission on Modernization of the Economy of the Republic of
Kazakhstan in relation to the IPO of KMG were executed in full.
First, priority in the sale of KMG shares was given to applications
from citizens of Kazakhstan: in monetary terms, the volume of
investments by citizens of Kazakhstan amounted to almost 50% of the
total volume of investments raised, and by the number of submitted
applications considerably exceeded the total number of applications
from other persons/entities taken together. Second, the volume of
alienation of shares of the national company amounted to no more
than 5% of the total number of placed shares of KMG. In the
aggregate, the number of submitted applications and the final sales
volume make KMG's IPO the largest in the history of Kazakhstan's
stock market. In addition, this IPO demonstrated the high potential
of Kazakhstan's securities market, as well as a significant
increase in investment literacy and activity among citizens of
Kazakhstan, which is a positive factor for further implementation
of the Comprehensive Privatization Plan and the transfer of a
number of portfolio companies of the Fund into a competitive
environment through IPO mechanisms".
Magzum Mirzagaliyev, Chairman of the Management Board of
KMG:
"Listing on the KASE and AIX stock exchanges opens a new stage
in the history of KMG's development. Already the largest on
Kazakhstan's stock market, KMG's IPO can also be called the first
"digital" IPO in Kazakhstan, as 99% of applications for the
purchase of shares were submitted online. We are encouraged by the
level of interest investors have shown in our company. This largely
confirms KazMunayGas' position as a leader in Kazakhstan's oil and
gas industry and the belief of the investor community in the
potential for further growth and development of our company. We
welcome all new shareholders and look forward to sharing our
success with them".
On December 7, 2022 all sold shares will be distributed in
accordance with the satisfied applications (in the satisfied
volume) and credited to the accounts of the relevant investors with
simultaneous debiting of their accounts with the relevant amounts
as payment for KMG shares purchased by them. Persons who did not
have time to apply during the subscription period will be able to
purchase KMG shares on market conditions after the opening of
secondary trading on the Astana International Exchange (AIX) and
the Kazakhstan Stock Exchange (KASE), starting from December 8,
2022.
Sale of shares is carried out in accordance with Government
Decree 908 "On some issues of privatization for 2021-2025" dated 29
December 2020 and 877 "On some issues of the transfer of shares of
Joint Stock Company National Company KazMunayGas to the competitive
environment" dated 5 November 2022. The final decision on the
alienation of shares was adopted by the Board of Directors of the
Fund and approved by Resolution No. 978 of the Government of the
Republic of Kazakhstan dated 5 December 2022.
Joint coordinators and local bookrunners of the transaction were
Halyk Finance JSC, Freedom Finance JSC, SkyBridge Invest JSC and
BCC Invest JSC, international bookrunners - WOOD & Company
Financial Services a.s. and Renaissance Securities (Cyprus)
Limited.
More detailed information is available at:
https://www.kmg.kz
Contacts:
Email: ir@kmg.kz
Tel: +7 7172 78 63 43
About JSC National Company KazMunayGas:
JSC National Company KazMunayGas is the leading vertically
integrated oil and gas company in Kazakhstan. KMG manages assets
across the entire production cycle from hydrocarbon exploration and
production to transportation, processing and specialized services.
Founded in 2002, the company represents Kazakhstan's interests in
the country's oil and gas industry.
KMG's main assets are as follows:
Exploration and Production: Ozenmunaigas (OMG) - 100%,
Embamunaigas (EMG) - 100%, Kazakhturkmunai (KTM) - 100%,
KazMunayTeniz - 100%, Urikhtau (UO) - 100%, Mangistaumunaigas (MMG)
- 50%, Kazgermunai (KGM) - 50%, Karazhanbasmunai (KBM) - 50%,
Kazakhoil Aktobe (KOA) - 50%, PetroKazakhstan Inc (PKI) - 33%,
Tengizchevroil (Tengiz) - 20%, Kashagan - 16.88%, Karachaganak -
10%.
Midstream: KazTransOil - 90%, Kazakhstan-China Pipeline (KCP) -
50%, Munai Tas - 51%, Batumi Oil Terminal - 100%, Caspian Pipeline
Consortium (CPC) - 20.75%, Kazmortransflot - 100%.
Downstream and other: Pavlodar refinery - 100%, Atyrau refinery
- 99.53%, Shymkent refinery - 49.72%, KMG International - 100%,
Petromidia - 54.63%, Vega - 54.63%, KazRosGas - 50%, Kazakhstan
Petrochemical Industries Inc. - 49.5%.
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END
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