Shareholder structure

The total number of KMG EP shares is 74,357,042, of which 70,220,935 are ordinary voting shares and 4,136,107 are preferred shares.

KMG NC owns approximately 57.9% of the KMG EP’s placed shares.

During the three share buyback programmes, the Company has repurchased 130,093 ordinary shares on Kazakhstan Stock Exchange (KASE) and 23,086,302 global depositary receipts1 (GDRs), on the London Stock Exchange (LSE). In addition, the Company repurchased the GDRs1 in order to implement the employee options program. As of 31 December 2017, 8 268 058 GDRs1 are held in Trust for the implementation of the employee options program.

Thus, the total number of ordinary treasury shares is 3 905 355. In addition, the Company has repurchased 2 073 147 preferred shares on Kazakhstan Stock Exchange (KASE).

The more information on Share buyback may be seen at page of shares buyback programme.

Shareholder structure as at 31 December 2017

  Ordinary shares & GDR1 Preferred shares Total % of total
NC KMG 43,087,006  0 43,087,006  58.0%
Treasury shares2 3,905,355 2,073,147  5,978,355 8.0%
Free float3 23,228,574 2,062,960  25,291,534 34.0%
Total 70,220,935  4,136,107  74,357,042 100.0%

1) One GDR corresponds to 1/6 of an ordinary share;
2) Treasury shares include purchased ordinary, preferred shares and GDRS;
3) About 11% of ordinary (10 % of ordinary and preferred shares) belong to the China Investment Corporation (CIC) in form of GDRs;