OREANDA-NEWS. March 10, 2010. Kazakhstan Stock Exchange (KASE) informs that on March 10, 2010 in the KASE trading system will be held specialized trades on buying preferred shares KZ1P51460114 (KASE official list third category, RDGZp) of KazMunaiGas Exploration Production (Astana), reported the press-centre of KASE.

VISOR Capital (Almaty) acts as the buyer at specialized trades.

The total number of authorized and placed preferred shares of KazMunaiGas Exploration Production is 4,136,107 units. The buyer intends to buy up to 100 % from the mentioned number.               

Specialized trades will be held in the KASE trade system from 11:30 a.m. till 16:00 p.m. of Almaty time (ALT). The security code on trades is RDGZpA. The cut-off will be determined by the issuer till 16:30 ALT of trades execution day. Settlements will be made on March 12, 2010 (Т+3) in compliance with rules of Central Securities Depository (Almaty).

Securities buyers must ensure funds availability on their accounts in Central Securities Depository at orders satisfaction moment. The buyer of securities must ensure funds availability on the correspondent account in Central Securities Depository till the settlements day.

Only limited orders are admitted to trades, submitted to the KASE system by the closed method.

As the price the order must indicate the share net price in tenge accurate within the fourth decimal. The number of financial instruments in the order must equal the number of being sold shares. The order volume must equal the number of being sold shares and price per share product.

The selling orders satisfaction method - at cut-off price. At this the buyer can satisfy all orders with prices equal or less than the cut-off price.

Securities sellers to participate in specialized trades must guarantee that securities intended for sale are not limited based on any agreement or legislation, not the pledge subject or any other burden and that for their alienation were received all necessary permissions in compliance with the applicable legislation, including permissions and agreements of government bodies in compliance with the legislation of the Republic of Kazakhstan.

Orders can be submitted only by members of KASE stock market members category (with the right to participate in trades with securities, admitted to circulation (trading) on KASE). Investors can submit their orders through these legal entities.

The full list of members of KASE stock market members category is available on the Exchange website at http://www.kase.kz/en/membership

As previously informed, specialized trades to buy preferred shares of KazMunaiGas Exploration Production JSC will also be held on March 9, 2010.

The mentioned shares issue prospectus is available at http://www.kase.kz/ru/shares/show/RDGZp