Banner 750 x 100



Uncategorized

KMG EP announces dates of the next specialised trade for the repurchase of its preferred shares on KASE

JSC KazMunaiGas Exploration Production is pleased to announce that next specialised trade for the repurchase of the Company’s preferred shares will be held on KASE from 27 May till 27 June 2011.

The Company has now repurchased around 1.7 million preferred shares for an aggregate price of about 32.8 billion Tenge under the preferred shares buyback programme. The Company will make announcements before each specialised trade, as well as announcements after each specialised trade informing of the terms and results of such trade.

The listing and the buyback programme are intended to provide preferred shareholders with greater transparency and liquidity. The majority of preferred shares are currently distributed among more than 20,000 individual shareholders, including present and former employees of KMG EP and their families.

source www.kmgep.kz

Previous post

Gazprom Neft completes the sale of the first Emission Reduction Units (ERUs) under the Kyoto Protocol

Next post

TETHYS PETROLEUM Uzbekistan Business Development