September 26, 2019 / 6:10 AM / 20 days ago

BRIEF-Samruk Kazyna to sell 2.5% of Kazatomprom shares

Sept 26 (Reuters) - NAK Kazatomprom AO says:

* Kazakhstan Sovereign Wealth Fund Samruk-Kazyna announces its intention to sell approximately 6.5 million global depositary receipts representing interests in ordinary shares of the company.

* The placing securities represent approximately 2.5% of the company’s issued share capital.

* The securities are being offered by way of an accelerated bookbuild through LSE facilities and AIX facilities.

* Any of the company’s shares and global depositary receipts held by Samruk-Kazyna which are not sold in the placing will be subject to a 180-day lock-up, subject to customary exceptions.

* The current ownership interest of Samruk-Kazyna in the company is approximately 85%, and assuming all of the placing aecurities are sold, Samruk-Kazyna will continue to hold approximately 82.5% of the issued share capital of the company. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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