Kazakhstan’s Unified Accumulative Pension Fund sells Kazatomprom shares

Business Materials 22 May 2019 17:00 (UTC +04:00)

Baku, Azerbaijan, May 22

By Nargiz Sadikhova - Trend:

Kazakhstan’s Unified Accumulative Pension Fund made almost 21 billion tenge of investment revenue through the sale of Kazatomprom shares, Trend reports citing LS news agency.

“In November last year, National Bank of Kazakhstan, due to its status of a trustee shall, purchased 12.9 million of company’s global depositary receipts worth $11.6 per receipt,” the report said.

The total volume of purchase amounted to $150 million.

“In January-February 2019, some 279,000 securities from Kazatomprom portfolio were sold within the Kazakhstan Stock Exchange. The average cost per global depositary receipt amounted to $13.63 and the total volume of receipts sold equaled to $3.8 million,” the statement said.

“In May this year, some 15,000 of $15.15 worth shares a piece were sold for $230,000. Currently, the investment revenue through the sale, as well as through the monetary and market revaluation of depositary receipts amounted to more than 20.9 billion tenge,” the statement said.

On November 14, 2018, an auction of 15 percent out of 25 percent of Kazatomprom shares took place on the sites of Astana International Financial Centre (two percent) and of London Stock Exchange (13 percent). As a result of the auctions, the value of transactions amounted to $451 million. In December 2018, the securities of the company were traded on the secondary market of the Kazakhstan Stock exchange.

(1USD = 378.87 tenge on May 22)


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