Samruk-Kazyna announced results of additional placement
Additional placement of global depositary receipts of Kazatomprom JSC took place at the London Stock Exchange and the Stock Exchange of the Astana International Financial Center. The placement was carried out in accordance with the rules and legal regulations of exchanges through the Accelerated Book-Building - accelerated placement of company’s shares, Strategy2050.kz informs.
The company’s shares were sold transparently by attracting a wide range of investors in the international and domestic stock markets.
So, the Samruk-Kazyna Foundation sold a total of 9.8 million depositary receipts at a price of 13 US dollars per receipt. The value of the shares was formed by the current market conditions on the stock exchanges.
In total, the proceeds from the sale amounted to 128.2 million US dollars, including 65.3 million US dollars from sales at the AIFC. Of the 9.8 million global depositary receipts, 6.5 million were acquired by international investors, 3.3 million by domestic investors.
Meanwhile, Samruk-Kazyna satisfied the demand for 5 million securities of the national uranium company on AIX, which is approximately 59% of the placement. Along with this, 1.6 million GDRs were allocated to international investors and 3.3 million GDRs to domestic investors, thus fully satisfying domestic demand.
In addition, at least 20% of the total number of placed securities was offered among institutional and retail investors in the domestic market of Kazakhstan.
