OREANDA-NEWS. June 18, 2010. Kazakhstan Stock Exchange (KASE) informs that on July 1-30, 2010, in the KASE trading system shall be held specialized trades  to acquire 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 an authorized buyer on specialized trades.

At present, the total number of authorized and offered preferred shares of KazMunaiGas Exploration Production makes up 4,136,107 units. The buyer intends to acquire up to 100 % from the securities mentioned number.

Specialized trades shall be executed in the KASE trading system from 11:30 Almaty time (ALT) July 1 to 16:00 ALT July 30, 2010. The security ticker - RDGZpA. The buyer shall define a cut-off till 16:30 ALT July 30, 2010. Settlements shall be made on August 4, 2010 (Т+3) in compliance with the Central Securities Depository (Almaty) rules.

On the settlement day sellers must provide securities available at their accounts with the Central Securities Depository by the moment of order  acceptance. The buyer must provide the money available in return for the acquired securities at the corresponding account with the Central Securities Depository before the settlement day.

Only limited orders submitted to the KASE trading system in the closed way shall be accepted.

As the price the order will indicate a share price in the tenge within the second decimal place. The number of financial instruments in the order must be equal to the number of selling shares. The order volume must be equal to a product of selling shares and one share price.

Orders will be accepted - at cut-off price. At that the buyer may accept all orders, prices of which equal to a cut-off price or less than this price.

To take part in the trade the sellers must guarantee that securities proposed for sale are not limited in circulation by virtue of any agreement or legislation, and not pledged or charged, and also, there are available permits and agreements in accordance with the applicable legislation, including permits and agreements of state agencies in accordance with the Kazakhstan legislation in regard of their carve-out.

Only KASE stock market members may take part in the trade (eligible to trade securities circulating on KASE). Other investors may trade through such legal entities.

The full list of stock market members is available at http://www.kase.kz/en/membership