JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) acknowledges today’s secondary placement of additional global depository receipts (“GDR”) by the Company’s majority shareholder, Joint-Stock Company “Sovereign Wealth Fund “Samruk-Kazyna” (“Samruk-Kazyna”).
“In our meetings with investors, the majority of our discussions have revolved around the uranium market, and our leading position within it,” said Galymzhan Pirmatov, Chief Executive Officer of Kazatomprom. “However, we have also heard consistent feedback regarding the low trading volumes for Kazatomprom’s shares; we believe today’s development is a positive step toward improving those share trading volumes.
“We are pleased to see the continued interest in the Company. There was strong support for this transaction from both the international market, with a balanced combination of new and existing shareholders, and in the domestic market, through the sale of GDRs on the Astana International Exchange.”
At the time of the initial public offering in November 2018, Samruk-Kazyna free-floated approximately 15% of Kazatomprom’s issued share capital on the Astana International Exchange and London Stock Exchange. With the additional placement, the total free-float increases to about 18.8%. The decision to sell Kazatomprom’s GDRs in the public market was at the sole discretion of Samruk-Kazyna’s Board and Management.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, Head of Investor Relations
Tel: +7 (8) 7172 45 81 80
Kazatomprom Public Relations and Media Inquiries
Torgyn Mukayeva, Head of Public Relations and Internal Communication
Tel: +7 (8) 7172 45 80 63
Powerscourt – London (Giles Read)
Tel: +44 20 7250 1446
A copy of this announcement will be made available at www.kazatomprom.kz.
Kazatomprom is the world's largest producer of uranium, with the company’s attributable production representing approximately 23% of global primary uranium production in 2018. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets. All of the Company’s mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, and in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please see our website at http://www.kazatomprom.kz
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