‘Bumbat Altai’ LLC, the underwriter for 'Mongol Basalt' JSC disclosed share allocation policy of Mongol Basalt’s Initial Public Offering.
Subscription for the stock will be open during the period between Monday,14th May to Wednesday, 23th May, 2018.
Share allocation policy:
The subscription will be received in either condition as indicated below:
1. 7,894,740 units of shares worth MNT3.0 billion will be sold without any lock-up period and can be traded on the secondary market after the primary market trading. In case of oversubscription for the stock, the following allocation policy will apply:
|Amount to be allocated equally||Amount to be fulfilled||Amount to be allocated on a pro-rata basis||Amount to be fulfilled|
|MNT1.0 billion||Depends on the total number of investors||MNT2.0 billion||Allocated on a pro rata basis|
2. 9,030,360 units of shares worth MNT3.4 billion will be sold with a lock-up period which will restrict the trading on the secondary market for 6 months after the primary market trading. This condition will ensure more probability to fill the order fully and be suitable for long term investors. The investors who approves this condition should contact "Bumbat Altai" LLC and "Gauli" LLC. In case of oversubscription for the stock, the following allocation policy will apply:
|Amount to be allocated on a pro-rata basis||Fulfillment rate|
|MNT3.4 billion||Allocated on a pro-rata basis|
MONGOLIAN STOCK EXCHANGE