REG - Jefferies Intl Ltd UzNIF JSC - UzNIF - Full Exercise of Greenshoe Option

Jefferies FinancialAnnouncement

20/05/2026 18:15

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RNS Number : 1560F  Jefferies International Limited  20 May 2026

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ANNOUNCEMENT.

National Investment Fund of the Republic of Uzbekistan JSC

 

Full Exercise of the Greenshoe Option

In connection with the initial public offering of National Investment Fund of
the Republic of Uzbekistan JSC, Jefferies International Limited acting as
Stabilisation Manager announces that it has fully exercised the Greenshoe
Option for 3,515,608 GDRs of the Company granted by Ministry of Economy and
Finance of the Republic of Uzbekistan. The purchase price of the option GDRs
is U.S.$ 25.00 per GDR, equal to the offer price in the Offering, for an
aggregate consideration of approximately U.S.$ 87.9 million. Settlement of the
Greenshoe Option will take place on 22 May 2026.

Post-Stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 13 May 2026,
Jefferies International Limited (contacts: Oliver Berwin; telephone: +44 20
7029 8964, Megan Gresham; telephone: +44 20 7548 4199) hereby gives notice
that, during the period covered by this announcement, no stabilisation
measures were carried out (within the meaning of Article 3.2.(d) of the Market
Abuse Regulation (EU/596/2014), as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018) in relation to the offer of the
following securities.

 

 Securities:
 Issuer:                       National Investment Fund of the Republic of Uzbekistan JSC
 Aggregate nominal amount:     Global Depositary Receipts ("GDRs") are denominated in U.S.$ with no nominal
                               or par value.

                               The offering size is 23,437,392 GDRs, excluding the over-allotment option.
 Description:                  GDRs representing ordinary shares of the Issuer, with one GDR representing an
                               interest in 64,700 ordinary shares.

                               ISIN for Regulation S GDRs: US63654D1164

                               ISIN for Rule 144A GDRs: US63654D1081
 Offer price:                  U.S.$25.00 per GDR
 Stabilisation Manager:
 Name:                         Jefferies International Limited, 100 Bishopsgate, London, EC2N 4JL, United
                               Kingdom
 Stabilisation:
 Stabilisation period:         13 May 2026 to 20 May 2026
 Stabilisation trading venue:  London Stock Exchange (Main Market)

 

 

 

This announcement is for information only and does not constitute an offer or
invitation to underwrite, subscribe for, sell or otherwise acquire or dispose
of any securities or investment advice in any jurisdiction in which such an
offer or solicitation is unlawful, including, without limitation, the United
States, Australia, Canada, South Africa or Japan. Any failure to comply with
these restrictions may constitute a violation of the securities laws of such
jurisdictions.

This announcement is not an offer for sale of securities in the United States
or to U.S. persons. Securities may not be offered or sold in the United States
or to U.S. persons absent registration under the U.S. Securities Act of 1933,
as amended (the "Securities Act"), or an exemption from registration under the
Securities Act. The Company has not registered and does not intend to register
any part of the offering in the United States or to conduct a public offering
of any securities in the United States. Any securities sold in the United
States will be sold only to investors that are known or reasonably believed to
be (i) qualified purchasers as defined in Section 2(a)(51) of the Investment
Company Act and (ii) qualified institutional buyers pursuant to, and as
defined in, Rule 144A under the Securities Act (or upon another exemption from
the registration requirements of Section 5 under the Securities Act) and
Section 3(c)(7) of the Investment Company Act, respectively. The Company has
not been and will not be registered under the Investment Company Act and, as
such, holders of the Company's securities will not be entitled to the benefits
of the Investment Company Act. No offer, sale, resale, pledge, delivery,
distribution or transfer of the Company's securities may be made except under
circumstances that will not result in the Company being required to register
as an investment company under the Investment Company Act. The Trustee neither
has nor intends to register as an investment adviser under the U.S. Investment
Advisers Act of 1940, as amended (the "Advisers Act") and, as such, it will
not be subject to the obligations of the Advisers Act and the rules
promulgated thereunder, including certain recordkeeping, disclosure and other
fiduciary obligations, otherwise imposed on an SEC-registered investment
adviser.

This announcement does not constitute an offer of securities to the public in
any member state of the European Economic Area (the "EEA") (each a "Member
State"). No prospectus has been or will be approved in any Member State in
respect of the Securities. This announcement is only addressed to and is only
directed at persons in Member States who are "qualified investors" ("Qualified
Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129
(such Regulation, together with any applicable implementing measures in the
relevant home Member State under such Regulation, the "Prospectus
Regulation"). This announcement and the information contained herein must not
be acted on or relied upon in any Member State by persons who are not
Qualified Investors. Any investment or investment activity to which this
announcement relates is only available to, and any invitation, offer or
agreement to purchase, subscribe or otherwise acquire the same will be engaged
in only with, Qualified Investors. For the purpose of this paragraph, the
expression "offer of securities to the public" means the communication in any
form and by any means of sufficient information on the terms of the offer and
the Securities to be offered so as to enable the investor to decide to
purchase or subscribe for the Securities and the expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 and includes any amendments and
relevant delegated regulations thereto.

For persons in the United Kingdom, this announcement is only addressed to, and
directed at, persons who are "qualified investors" within the meaning of the
Public Offers and Admissions to Trading Regulations 2024 (the "POATRs") who:
(i) have professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order"); (ii) fall within Article
49(2)(a) to (d) of the Order; or (iii) are otherwise persons to whom it may
otherwise lawfully be communicated (all such persons being referred to as
"Relevant Persons"). This announcement and the information contained herein
must not be acted on or relied upon in the United Kingdom, by persons who are
not Relevant Persons. Any investment or investment activity to which this
announcement relates is available only to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire the same will be engaged
in only with, Relevant Persons.

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