/KASE, July 25, 14/ – KazMunaiGas Exploration Production JSC (Astana), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of July 25, 2014:
quote
KazMunaiGas Exploration Production ("KMG EP" or the "Company") notes the recent
movement in the price of the Company’s listed securities and confirms that
Independent Directors of KMG EP received a highly preliminary approach from
National Company KazMunaiGas NC ("NC KMG"), its majority shareholder, about a
possible offer for the ordinary shares in KMG EP it does not already own.
The approach from NC KMG is at an early stage and there can be no certainty
that an offer will be made. The Independent Non-Executive Directors of the
Company are in the process of appointing advisors and will consider any
proposal from NC KMG in due course. In the meantime shareholders are urged
to take no action.
Any offer for KMG EP would not be subject to the UK City Code on Takeovers
and Mergers.
KMG EP will make a further announcement at such time as is appropriate or it is
required to do so.
unquote
The full press-release is available on KASE website at
http://www.kase.kz/files/emitters/RDGZ/RDGZ_2014-07-25.pdf
[2014-07-25]