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Halyk Finance announces successful completion of JSC “NAC “Kazatomprom” SPO

Almaty, June 10th, 2020

Halyk Finance announces successful completion of the offer to place ordinary shares in the form of shares (the ‘Shares”) and global depositary receipts (the “GDRs” of joint stock company “National Atomic Company “Kazatomprom” (the “Company”) by joint-stock company “Sovereign Wealth Fund “Samruk-Kazyna”. Halyk Finance has successfully acted as AIX Coordinator and Bookrunner for the Institutional and Retail Placing on the Astana International Ecxhange (the “AIX”).

The placement of Shares and GDRs conducted from June 2 to June 10, 2020, continues a successful series of transactions organized by Halyk Finance as the sole Coordinator and Bookrunner in Kazakhstan with experience in all public transactions on primary and secondary public offerings of ordinary shares and global depositary receipts of Kazakhstan issuers at the AIX. This placement of Shares and GDRs was the first secondary share offering transaction (the “SPO”), carried out on the AIX platform in an integrated structure combining the placement of Shares and GDRs for institutional investors in the form of accelerated book-building and for retail investors in the form of an extended collection of orders.

Pursuant to the Retail Placing, Samruk-Kazyna has sold 275 496 GDRs at a price of USD 13.00 per GDR, which is equal to the placing price of GDRs at the Institutional Placing and 109 504 Shares at a price of KZT 5,230.81 per Share, thereby raising aggregate gross sale proceeds of USD 5 005 000 through the AIX, including USD 3 581 448 in respect of the GDRs and KZT 572 794 618.24 (USD 1 423 552) in respect of the Shares. An aggregate amount of 385 000 Shares (in the form of Shares and GDRs) were sold through the AIX and purchased by retail investors which are citizens of the Republic of Kazakhstan. Compared to the last year SPO transaction of the Company’s Shares, the number of retail investors participating in the placement increased by more than 5 times, and the volume of demand exceeded the offer level by 2.9 times.

In order to maximize coverage and equal opportunities for Kazakhstan retail investors to participate in conditions of increased demand for Shares, Samruk-Kazyna has taken into account each of the submitted orders. At the same time, the aggregate orders of individual citizens of the Republic of Kazakhstan filed for the purchase of Shares and GDRs in the amount of up to 1960 Shares or GDRs were fully allocated, and the remaining orders were rounded downward by limiting the volume of Shares or GDRs in one hand in an amount not exceeding 1960 Shares.

As a result, the total participation of Kazakhstani institutional and retail investors in this placement of Shares and GDRs on AIX and LSE sites amounted to 57.2 million US dollars, which is 27% of the total placement. Of these, 34.9 million US dollars, or 61% of the total Kazakhstani placement (institutional and retail) were accounted for by the Halyk group and Halyk Finance clients. Thus, Halyk Finance and its clients were the largest group of investors in the context of all Kazakhstani brokers and their clients who participated in this transaction, which once again confirmed the reputation of the Halyk Group as an major investor in public transactions in the securities market.

As before, exclusively coordinated by Halyk Finance, the initial settlements on the placed Kazakhstani and international securities passed completely through the Kazakhstan AIX trading and depository and settlement system according to the structure developed and applied in IPOs and in all SPOs on the AIX platform. This method of settlement allowed Kazakhstani investors (in particular, domestic brokers and asset managers) to participate directly through the AIX trading and depository and settlement system without the presence of trading lines with bookrunners of project.

The positive results of the SPO allowed National Wealth Fund Samruk-Kazyna to attract 211.6 million US dollars as part of the Comprehensive Privatization Plan, and in particular to give the domestic stock market and AIX a new trigger for development. Halyk Finance has supplemented its unique pioneer experience in transactions on the AIX platform, once again confirming its status as a leading Kazakhstan investment bank, capable of conducting transactions that are difficult in the absence of precedents, in the number of participants in transactions, in the face of diverse tasks and combined structural complexity.

Mr. Talgat Ayupov, Halyk Finance’s Acting CEO, comments:
“We are especially pleased to be aware that the Halyk Group and its customers have once again become truly anchor investors in this transaction, generating the greatest demand in both the institutional and retail book of applications. Once again, we were able to confirm that Halyk Finance is not only a Kazakhstani investment bank with the richest and unique experience in conducting IPO/SPOs on the AIX site, but also a brokerage company that is able to provide maximum monetary demand both from a large portfolio of own funds and for account of our clients. I am grateful to the Samruk-Kazyna Fund and our retail clients for their trust.”

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JSC Halyk Finance is a leading investment bank in Kazakhstan, providing a full range of investment banking services, including financial consulting and underwriting (issues and primary placements of securities of the corporate issuers), corporate financing services (including consulting services for the acquisition/sale of shares and partnership shares of the companies and corporate debt restructuring), brokerage services and securities trading, market-maker services, investment portfolio management, as well as regular analytical services.

JSC Halyk Bank of Kazakhstan is a leading financial group and a leading retail bank in Kazakhstan with the largest customer base and distribution network. The Bank is developing as a universal financial group, offering a wide range of services (banking insurance, leasing, brokerage and asset management services) to its retail customers, small and medium-sized businesses and corporate clients. The Bank also operates in Russia, Georgia, Tajikistan and Kyrgyzstan.

Office of Capital Markets
Financial Consulting and Underwriting Department
Halyk Finance JSC
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tel.: + 7 (727) 357 31 77    

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