/KASE, March 10, 10, March 5, 10 news repetition/ - Kazakhstan Stock Exchange (KASE) informed a special trade on preferred shares KZ1P51460114 (KASE, third category, RDGZp) of Exploration and Production KazMunaiGas (Astana) will be held in the KASE trading system March 11 through April 9, 2010.

VISOR Capital (Almaty) will be a buyer of securities.

The total number of authorized and offered preferred shares of Exploration and Production KazMunaiGas is 4,136,107. The buyer is intending to purchase up to 100 % of authorized and offered securities.

The trade will be held in the KASE trading system beginning 11:30 a.m. Almaty time (ALT) March 11 through 16:00 p.m. ALT April 9, 2010. The ticker is RDGZpA. The buyer will decide on striking before 16:30 p.m. ALT April 9. The settlement will be made April 14, 2010 (Т+3) in accordance with the rules of Central Securities Depository (Almaty).

On the settlement day sellers must provide securities available at their accounts with the Central Securities Depository by the moment of order acceptance. The buyer must provide the money available in return for the acquired securities at the corresponding account with the Central Securities Depository before the settlement day.

Only limit orders submitted to the KASE trading system in the closed way will be accepted.

As the price the order will indicate share price in the tenge within the second decimal place. The number of financial instruments in the order must be equal to the number of selling shares. The order volume must be equal to a product of selling shares and one share price.

Orders will be accepted - at striking price. At that the buyer may accept all orders, prices of which equal to striking price or less than this price.

To take part in the trade the sellers must guarantee that securities proposed for sale are not limited in circulation by virtue of any agreement or legislation, and not pledged or charged, and also, there are available permits and agreements in accordance with the applicable legislation, including permits and agreements of state agencies in accordance with the Kazakhstan legislation in regard of their carve-out.

Only KASE stock market members may take part in the trade (eligible to trade securities circulating on KASE). Other investors may trade through such legal entities.

The full list of stock market members is available at see more

The special trade on acquisition of preferred shares of Exploration and Production KazMunaiGas will be held March 9 and 10, 2010.

Details on the issue of the securities will be available at the KASE website at see more

[2010-03-10]