Market Notice AIX Book-building Second Day Instructions –pdf
Timeline and information related to the second day book-building, allocation and cash – settlement of the Sale by JSC “Sovereign Wealth Fund “Samruk Kazyna” of the Shares and the Global Depositary Receipts (GDR) of the JSC “National Atomic Company “Kazatomprom” (“the Sale on the AIX”)
AIX hereby informs Market Participants of the timeline for the book-building, allocation and cash – settlement of the Sale of the Shares and Global Depositary Receipts (GDR) of the JSC “National Atomic Company “Kazatomprom”:
|
Process |
Action Taker |
Description |
Time |
|
Sending orders into the AIX Trading system |
Market Participants |
Market Participants are requested to send bids with “GTC” duration. |
From 09:00 Nur-Sultan time (NST) on 03/06/2020 Until 11:30 NST on 03/06/2020 |
|
Providing Investors’ information |
Market Participants |
The bids of Market Participants must contain the investors’ information (NIN number) |
Book-building period |
|
Sending the Order Book |
AIX |
Final bid file with investor names sent to Lead Manager / Book-runner. |
Until 12:00 NST |
|
Transfer Investors’ funds to the Book-Build Settlement Account |
Market Participants |
Market Participants must deposit / transfer to the Book-Build Settlement Account a sufficient amount to cover the total sum of the submitted bids by such Market Participant. |
Not later 16.00 NST on 04/06/2020, T+1 funds must be on AIX CSD bank account |
|
Pricing process |
AIX Coordinator and Bookrunner |
Pricing announcement and allocation to be confirmed participants |
no later than 13:00 NST on 03/06/2020 |
|
GDRs and Shares distribution |
AIX CSD |
The AIX CSD credits the shares and GDRs to the investors’ accounts at the AIX CSD |
On 05/06/2020 |
|
GDRs and Shares distribution confirmation |
AIX CSD |
The AIX CSD sends to each Trading Member a file with the allocation of their respective clients |
On 05/06/2020 |
|
Excess cash transfer |
AIX CSD |
If applicable, the AIX CSD transfers any excess cash back to the Trading Members’ bank accounts |
By Trading Members’ request |
[1] This timeline shall not be applicable to the joint global and joint bookrunners of the AIX placing, which is regulated by a separate agreement between the Parties.
Only institutional investors will be allowed to participate in the Sale on the AIX. A separate extended Book-building session for retail investors only will be open right after the closing of the book-building, pricing and allocation for institutional investors. Market Participants must ensure that they do not submit Buy Orders received from their individual customers (retail investors). By participating in the Book-Building, the AIX Trading Members accept that the Seller Shareholder (through the AIX Coordinator and Bookrunner and Joint Global Coordinator and AIX Bookrunner) will refuse to allocate securities to retail investor. Participating Trading Members undertake to convey this information to their clients and receive their approval prior to these clients submitting bids.
Please note that orders submitted in the first day of the Book-build cannot be cancelled or amended from the Order Book starting from the end of the book-building session in the first day until the final pricing and allocations on the second day. Therefore, institutional investors that are willing to buy extra Shares/GDRs, their bid for the offering at given fixed price must submit new orders with respective settlement obligations on the second day.
Please note, for cash transfers to the Book-build settlement bank, Market Participants must send in one aggregated transfer all monies received by their customer at the time of the transfer and not yet remitted to the AIX CSD Book-build settlement bank.
Market Participants submitting orders in the Book-build should take note that the allocation (if any) of the securities under any bid will be made within the number of securities specified in such bid.
By participating in the Book-Building, the AIX Trading Members explicitly consent to provide to the Seller Shareholder through the AIX Coordinator and Bookrunner and Joint Global Coordinator and AIX Bookrunner the identity of the investors (who have submitted) and undertake that they have received from such investors the authorisation to provide this information to the Seller Shareholder and the AIX.
By participating in the Book-Building, the AIX Trading Members accept that the Seller Shareholder (through the AIX Coordinator and Bookrunner and Joint Global Coordinator and AIX Bookrunner) may, at its sole discretion, refuse to allocate securities to any bid for any reason. Participating Trading Members undertake to convey this information to their clients and receive their approval prior to these clients submitting bids.
The Trading member who fails to meet its settlement obligations upon their book-building bid in a timely manner by failure to deliver cash shall take responsibility under the AIFC Law.
By participating in the Book-Building, the AIX Trading Members accept that final distribution of the Shares and GDRs may differ from the allocation in case of a shortfall in funding by uncovered bids.
Please contact AIX CSD, +77172 235 317 / +77172 235 302, or email, [email protected], for additional settlement and allocation information.
Please contact AIX Market Operations by phone, +77172 647300, or email, [email protected], for additional trading information.
For the avoidance of doubt, the Parties acknowledge that terms the “AIX Coordinator and Bookrunner” and “Joint Global Coordinator and AIX Bookrunner” are used in this Agreement for convenience only; AIX is not associated with “AIX Coordinator and Bookrunner” and “Joint Global Coordinator and AIX Bookrunner” and AIX shall not be liable for any actions or omissions made by these entities.