BAKU, Azerbaijan, Feb. 6
By Nargiz Sadikhova - Trend:
Kazakhstan’s major telecommunications operator has announced placement of its ordinary shares and global depository receipts (GDRs) at Astana International Exchange (AIX), Trend reports with reference to the press office of Astana International Finance Center.
“Secondary trading is planned for February 7, 2020. Kcell shares will be traded under (KCEL) ticker with quotation and settlement in Kazakh tenge and fully fungible between AIX and Kazakhstan Stock Exchange, GDRs will be traded under (KCEL.Y) ticker with quotation and settlement in US dollars and fully fungible between London Stock Exchange and AIX,” the report said.
CEO of AIX Tim Bennett said that the listing of Kcell securities on AIX will allow the company to diversify its pool of investors and will provide local and foreign investors’ access to trading in both Kcell shares and GDR’s on one market.
Kcell provides mobile voice telecommunications services, messaging services, value-added services as well as data transmission services including internet access. It has two brands: the Kcell brand and the Activ brand.
The company offers its services through its extensive, high quality network, which covers substantially all of the populated territory of Kazakhstan.
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