The shares of “KEGOC” JSC are now available for purchase by all Kazakhstanis. The second stage of the company's share offering (SPO) commenced on October 16, 2023. Applications for the acquisition of the company’s shares will be accepted until November 2.
Today, as part of the ongoing information and explanatory campaign regarding the SPO of “KEGOC” JSC and investment matters in the organized securities market, a Roadshow was conducted at “Samruk-Energy” JSC. The event included representatives from “Samruk-Kazyna” Fund and “KEGOC” JSC.
During a meeting with “Samruk-Energy” JSC team, Saltanat Satzhan, the Managing Director for Development and Privatization of “Samruk-Kazyna” JSC, outlined the primary reasons for purchasing shares of “KEGOC” JSC. These reasons include the company's prominent position in the electricity supply market, its substantial asset base, consistent income growth, spotless history of paying dividends to investors, and the valuation of future value of KEGOC shares by brokers and underwriters.
“Applications for share purchase can be submitted through brokers, banking applications, Tabys application, and the branches of “Kazpost” JSC, both online and offline. Concurrently, the first stage of the SPO is ongoing, which involves the right of pre-emptive purchase of shares for current shareholders who own 17 or more shares of KEGOC. The SPO commenced on September 28 and is scheduled to run for a duration of 30 days, concluding on October 27. Current shareholders have the option to submit applications through brokers or directly to KEGOC”, - noted “Samruk-Kazyna” JSC representative.
Throughout the meeting, speakers responded to queries from attendees and revealed the company’s forthcoming growth strategies.
“KEGOC” JSC is a company responsible for performing the functions of a system operator and operator of primary power grids in Kazakhstan. KEGOC’s SPO is being executed as part of the Privatization Plan for 2021-2025, which was approved by the Government of the Republic of Kazakhstan and represents an initiative endorsed by the Head of State to advance the economy's denationalization. This includes the privatization of state assets through an additional issue.