TEE: TeliaSonera AB: TeliaSonera: Kcell Offering Priced at USD10.50 Per GDR
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neither this announcement nor any part of it shall form the basis of or be
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This announcement is an advertisement and not a prospectus. Investors should
not purchase or subscribe for any transferable securities referred to in this
announcement except on the basis of information in the prospectus to be
published by Kcell Joint Stock Company in due course in connection with the
admission of its common shares in the form of global depositary receipts to
the Official List of the United Kingdom Listing Authority and to trading on
London Stock Exchange plc’s main market for listed securities.
Kcell, the leading provider of mobile communications services in Kazakhstan,
today announced the pricing of the offering at USD 10.50 per GDR and KZT
1,578.68 per common share and that trading will commence today.
The price has been set at USD 10.50 per GDR and KZT 1,578.68 per share with
each GDR representing one share. Based on the offer price, Kcell’s market
capitalization is approximately USD 2.1 billion at listing.
The offering consists of a sale by TeliaSonera of 50 million shares, including
shares represented by GDRs, representing 25 percent of Kcell’s share capital.
Following the offering, TeliaSonera will directly and indirectly hold an
interest of 61.9 percent in Kcell.
“We are very pleased by the positive response from both Kazakh and
international investors to the opportunity of investing in Kcell. In a short
period of time, and in a relatively tough stock market, we have managed to
successfully complete two IPOs. This increases the value of our stakes in both
MegaFon and Kcell, which continues to be one of our most valuable subsidiaries
and a strategic asset”, says Lars Nyberg, President and CEO, TeliaSonera.
TeliaSonera will receive USD 525 million (approximately SEK 3.5 billion) in
proceeds from the offering, assuming that the book-runners’ put option is not
Please visit Kcell press center for full announcement.
TeliaSonera AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at 07.30 CET on 12.12.
For more information, please call the TeliaSonera press office 46-771 77 58
30, email@example.com or visit our Newsroom.
This press release does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase nor shall it (or any
part of it) or the fact of its distribution, form the basis of, or be relied
on in connection with, any contract therefore. The offer and the distribution
of this press release and other information in connection with the listing and
offer in certain jurisdictions may be restricted by law and persons into whose
possession any document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities
laws of any such jurisdiction.
This communication is only directed at (i) persons who are outside the United
Kingdom or (ii) investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order
or (iv) other persons to whom it may lawfully be communicated (all such
persons together being referred to as "relevant persons"). The offered
securities are only available to, and any invitation, offer or agreement to
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only with, relevant persons. Any person who is not a relevant person should
not act or rely on this communication or any of its contents.
This press release is not an offer to sell nor a solicitation to buy any
securities nor a prospectus for the purposes of EU Directive 2003/71/EC
(together with any applicable implementing measures in any Member State, the
"Prospectus Directive") as may be amended from time to time. This
communication is only addressed to qualified investors in that Member State
within the meaning of the Prospectus Directive. A prospectus will be prepared
and made available by Kcell in accordance with the Prospectus Directive if any
securities are issued and, when published, will be obtainable in accordance
with the Prospectus Directive. Investors should not subscribe for or purchase
any securities referred to in this press release except on the basis of the
information contained in the prospectus to be published by Kcell in due course
relating to the securities. The expression “Prospectus Directive” means
Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU,
to the extent implemented in any relevant Member State) and includes any
relevant implementing measure in the relevant Member State.
This press release may not be published, distributed or transmitted in or into
the United States. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities discussed herein. The
securities mentioned herein have not been, and will not be, registered under
the United States Securities Act of 1933 (the "Securities Act") and may not be
offered or sold in the United States unless they are registered under the
Securities Act or pursuant to an exemption from registration. There will be no
public offering of the securities in the United States.
Statements made in the press release relating to future status or
circumstances, including future performance and other trend projections are
forward-looking statements. By their nature, forward-looking statements
involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future. There can be no assurance that
actual results will not differ materially from those expressed or implied by
these forward-looking statements due to many factors, many of which are
outside the control of TeliaSonera.
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