According to the request from Ard Management LLC, the following amendments have been made in the condition of the subscription and the allocation policy of the units of the National privatization fund:
- Removing the order limits for strategic investors,
- Extending the deadline of subscriptions to October 16th, 2020 due to the Local Election day.
The updated allocation policy is tabulated as follows:
Minimum Order limit | Maximum order limit | Lock-up period | Total Volume | |
Public | None | MNT 100,000,000 | None | Remaining units after allocating to strategic investors |
Strategic investors | None | 6 months | Up to MNT 2,375,000,000 | |
Subscription period | Between October 05, 2020 and October 16, 2020, from 10:00 am to 16:00 pm |
In the case of oversubscription, orders up to MNT 500,000 will be fully filled, and orders over MNT 500,000 will be allocated on a pro-rata basis
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