KazTransOil - the 1st company to place its shares within People's IPO Program
11:23, 30 October 2012
ASTANA. October 30. KAZINFORM "JSC "KazTransOil" will be the first company to place its shares in accordance with "People's IPO" Program," CEO of the National Welfare Fund "Samruk -Kazyna" Umirzak Shukeyev told the Government meeting on Tuesday.
According to him, in order to implement the "People's IPO" Program the price, quantity and structure of "KazTransOil" stocks compensation were approved at the meeting of the Fund's Board of Directors.
"The price of one ordinary share amounts to KZT 725," U. Shukeyev said.
In accordance with the final conclusion, 100% of "KazTransOil" share capital accounts for KZT 25 billion after applying 18% discount . However, Samruk-Kazyna CEO stressed that the maximum amount of share placement may be about KZT 28 billion, or USD 186 million.