KazMunaiGas Announces Close Period Shares & GDR Buy Back Procedures
OREANDA-NEWS. KazMunaiGas Exploration Production (Astana), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated August 3, 2009, reported the press-centre of KASE:
JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces the share and global depositary receipt buy back procedure during the close period which precedes the Company's 1st half 2009 financial results announcement expected on September 04, 2009*. The close period is expected to begin on August 03, 2009 and end on September 04, 2009.
During the close period the Buy Back Programme (as announced on 20th of November, 2008) will be managed by the two independent brokers appointed to execute the Buy Back Programme within pre-set parameters which will be established by the Company prior to the start of the close period. The brokers will make trading decisions independently of, and uninfluenced by, the Company but otherwise in accordance with the Buy Back Programme approved by the Board of Directors on the 8th of October, 2008.
The Company hereby confirms that it is not aware of any unpublished price sensitive information relevant to the Company at the time of making of this announcement.
* The close period is a time interval preceding the disclosure of important information (such as financial annual reports) during which the Company and its management are not allowed to deal in the securities.
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