/KASE, July 13, 2016/ – National Company KazMunaiGas (Astana), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release:
quote
JSC National Company KazMunayGas ("NC KMG") has written to the
independent non-executive directors of JSC KazMunaiGas Exploration
Production ("KMG EP" or "the Company") ("EP INEDs") informing them of its
intention to increase the offer to purchase Common Shares and Preferred
Shares of KMG EP listed on the Kazakhstan Stock Exchange and GDRs of KMG
EP listed on the London Stock Exchange (the "Purchase Offer") if the proposals
set out in its circular to shareholders of KMG EP dated 17 June (the "Original
Circular") are passed at the general meeting of shareholders of KMG EP ("EGM")
on 3 August 2016.
Specifically, NC KMG intends to increase the consideration for the Purchase
Offer from $7.88 per GDR to $9.00 per GDR and equivalent increases to $54.00
per Common Share in KZT equivalent calculated on a daily basis, and $31.55
per Preferred Share in KZT equivalent calculated on a daily basis. All other
terms and conditions applicable to the Purchase Offer remain as described in
the Original Circular.
unquote
Details are available on KASE website
http://www.kase.kz/files/emitters/KMGZ/kmgz_reliz_130716_1.pdf
[2016-07-13]