REG - JSC Kaspi.kz - Announcement of GDR Repurchase Programme

Kaspi.kz AOAnnouncement

25/10/2023 07:00

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RNS Number : 1278R  JSC Kaspi.kz  25 October 2023

 

Announcement of GDR Repurchase Programme

 

25 October 2023

Further to its announcement on 23 October 2023, JSC Kaspi.kz (the Company)
announces that it is commencing a buy-back programme to repurchase global
depository receipts (GDRs) representing common shares of the Company, subject
to a maximum consideration of USD 100,000,000. The programme will begin on 25
October 2023 and end no later than 1 March 2024.

The programme will be carried out through an irrevocable non-discretionary
agreement with J.P. Morgan Securities plc (JPMS plc), pursuant to which JPMS
plc shall purchase GDRs of the Company as riskless principal (and not as agent
of the Company) for the subsequent sale on to, and purchase by, the Company.
JPMS plc will make its trading decisions in relation to the GDRs independently
of, and uninfluenced by, the Company.

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.

LEI number 2549003YU6FARG8OAZ13

 

For further information david.ferguson@kaspi.kz +44 7427 751 275

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