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.