KMG EP’s GDRs are Admitted to Listing on Kazakhstan Stock Exchange Pursuant to the Tender Offer
Astana, 15 December 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company“) announces that following its announcement of 8 December 2017 regarding the Company’s launch of a tender offer (the “Tender Offer“) to purchase its GDRs and to delist from the London Stock Exchange (“LSE”) and Kazakhstan Stock Exchange (“KASE“) (“Tender Offer Announcement“), the Company’s GDRs have been admitted to listing on the official list of KASE under the ticker RDGZd.
The KASE listing enables GDR Holders to tender their GDRs to the Company as part of the Tender Offer and have those GDRs settled by way of an Open Trade transaction on KASE free of Kazakhstan withholding tax, regardless of whether or not they are Kazakhstan Holders.
GDR Holders are encouraged to submit their voting cards/instructions for EGM1 via the Depositary as soon as possible, and in any event, so as to be duly received to qualify for voting at EGM 1 scheduled for 22 January 2018. Previously, voting deadlines have been around seven working days before an EGM. A detailed timetable setting out the key dates for the Tender Offer is set out on pages 14-15 of the Tender Offer circular dated 8 December 2017.
The Directors, including the INEDs, unanimously recommend that GDR Holders vote in favour of the resolution to be proposed at EGM 1.
The Tender Offer will lapse at 3.00 p.m. on the First Closing Date, which is 22 January 2018, unless it has become unconditional or is extended by means of an announcement through a Regulatory Information Service. GDR Holders are therefore urged to tender their GDRs as soon as possible.
The Directors, including the INEDs, unanimously recommend that Qualifying GDR Holders accept the Tender Offer.
Further details of the GDR Tender Offer and the proposed delisting are set out in the Circular, which can be found at the following this link or by calling Link Asset Services on .
Words and phrases defined in the Tender Offer Announcement shall bear the same meaning in this announcement.
