OREANDA-NEWS. March 16, 2010. KazMunaiGas Exploration and Production, listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

At the end of this specialized trade the Company accepted applications for the sale of 92,771 preferred shares at the price of 21,180.06 Tenge per share. The aggregate purchase amount was 1,964,895,346.26 Tenge. This specialized trade will be settled on the 15 March 2010. Since the beginning of the buyback programme the Company has bought back 215,504 preferred shares for 4,549,716,147.42 Tenge.

The Company will make announcements before each specialized trade, as well as announcements after each specialized 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 30 000 individual shareholders, including present and former employees of KMG EP and their families.