Astana International Exchange has opened an “order book” for Kazatomprom’s shares and GDRs
Astana International Exchange (AIX) is pleased to announce that the book-building in connection with initial public offering of ordinary shares and Global Depository Receipts (GDRs) of JSC NAC “Kazatomprom” (AIX offering) is open until 12 November 2018 (inclusive).
Over the past months, AIX has successfully passed several key milestones and is ready to support its first IPO. AIX rules and enforcement processes were developed to ensure high level of transparency and corporate governance of issuers and market participants within an independent jurisdiction based on principles of English Law. AIX is licensed by Astana Financial Services Authority (AFSA), as a Market Institution for Trading and Clearing, Settlement and Depository Services. Two AIX bodies – AIX Central Securities Depositary (CSD) and AIX Registrar – have recently become operational.
AIX’s systems, including book building, primary issuance, trading, clearing and settlement have been extensively tested by AIX, its vendors, market participants and a third-party testing service, Exactpro. AIX’s rules and procedures have been developed, adopted and approved by AFSA and tested by market participants.
AIX provides equal access to local and global brokers. AIX will provide access to any broker that meets AFSA’s and AIX’s requirements through an industry standard trading engine and support for remote broker access. Now, ten local brokerage houses and one of the largest Chinese brokers have been authorised as AIX Trading Members and recognised by AFSA.
Kairat Kelimbetov, AIFC Governor, commented:
“AIX is a part of the Governmental plan to create a broader and deeper capital market in Kazakhstan, and this will benefit the country through low cost funding for economic development, and benefit Kazatomprom shareholders through ensuring there is a good demand for the company over the long term. AIX is regulated to international standards familiar to global investors. This will give confidence to investors to ensure a successful IPO.”
Timothy Bennett, CEO of AIX said:
“We are pleased that Astana International Exchange is chosen as a reliable and forward-looking platform for the IPO of Kazatomprom. We are confident that the AIX is legally, technically and operationally is ready to provide the highest level of services to all of the market participants.”
Potential investors should contact one of the brokerage companies accredited as AIX Trading members; the full list is available at https://aix.kz/aix-membership/aix-members/trading-members). The AIX Offering is being led by Halyk Finance (AIX Bookrunner).
Reference:
AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz
AIX. Astana International Exchange (AIX) was formed in 2018 as part of the development of the Astana International Financial Centre, AIFC. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz
JSC NAC Kazatomprom is the world’s largest producer of uranium, representing approximately 20% of total global uranium primary production in 2017. The Group benefits from the largest reserve base in the industry, with attributable uranium reserves of just under 300 ktU. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan. All of the Group’s uranium deposits are suitable for ISR. A combination of the cost-efficient, low impact ISR technology and a long-life mining asset base allows the Group to remain sustainably among the leading and the lowest cost uranium producers globally. http://www.kazatomprom.kz/en
Media contact:
Yelena Pak
AIX Head of Communications
+77172235394
+77015136617
[email protected]