In the period from 24 November to December 10, 2014 years JSC "Mangistau distribution power grid company" has a secondary public offering of shares on KASE, during which the sale will be 482338 ordinary shares of the company (24% + 1 share). The provisional placement price of common shares of the company is 5147.8 tenge.
The involvement of a strategic partner on December 5 information session told the Managing Director of JSC "Samruk-Energo" Dauren Baymagambetov:
-The main condition for attracting strategic investor is that within a year after the acquisition of the company's policy will not change. And all negotiations with strategic partners will be built, on the basis of these premises.
Restrictions on acquisition of shares not. Can be purchased as one share and 10% or more.
Sale of shares in JSC "MDPGC" in stock market is conducted within the framework of the mandate of the head of State on a list of State-owned enterprises for transfer to the private sector. Accordingly, in the year 2014 75%+1 share of JSC "MDPGC" in a competitive environment. Implementation will take place in two stages: the sale of shares through the stock market (24% +1 promotion ") and the sale of a controlling interest (51%) and a strategic investor. When the secondary offering of shares there shall be no limit on the number or type of investor.
JSC "MDPGC" was awarded the international rating Fitch ratings: BB + in foreign currency and BBB-in the national currency. JSC "MDPGC" each year is rise in dividends. If the 2010 financial year, the total dividend amounted to 64 million. tenge, in 2013, that figure rose to 434 million. kzt1 000, i.e. 213 tenge per share.