KEGOC announces start of SPO
27.09.23 13:20
/KASE, September 27, 2023/ - KEGOC JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated September 27, 2023: quote At the company's annual general meeting of shareholders, the shareholders of KEGOC approved a secondary offering (SPO) of shares. "Samruk-Kazyna is persistently and methodically working to privatize the Fund's assets and denationalize the economy. With the help of the SPO, KEGOC will strengthen its financial position and be better able to launch new investment initiatives for the modernization and expansion of its energy infrastructure. This, in our opinion, is a crucial step toward increasing the openness, effectiveness, and competitiveness of the Fund's portfolio companies" noted Saltanat SATZHAN, Samruk-Kazyna's MD for Development and Privatization. The company will offer 15,294,118 of its ordinary shares as part of the SPO; however, Samruk-Kazyna JSC will retain at least 85 percent of the total number of shares. "KEGOC has significant growth potential as a result of new regulatory changes and a growing electricity market. Since its initial public offering in 2014, the company's share price has tripled, and shareholders have received approximately 218 billion tenge" said Nabi AITZHANOV, Chairman of KEGOC's Management Board. KEGOC's SPO will be held via an additional issue. The joint coordinators and bookrunners of the SPO are Freedom Finance JSC, Halyk Finance JSC and SkyBridge Invest JSC. The co-underwriters are BCC Invest JSC and Jusan Invest JSC. Current shareholders who own 17 or more KEGOC shares will be able to purchase shares in the additional share offering first through a pre-emptive right available for 30 days, from September 28 to October 27, inclusive. Current shareholders will be able to apply through brokers or directly to KEGOC. Applications from the new investors for participation in the offering will be accepted from October 16 to November 2, inclusive. SPO applications can be submitted through brokers, bank and Tabys applications, and Kazpost JSC branches. unquote The complete press release is available on - https://kase.kz/files/emitters/KEGC/kegc_relizs_270923.pdf [2023-09-27]

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Kazakhstanskaya Kompaniya po Upravleniyu Elektricheskimi Setyami AO published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 08:39:11 UTC.