The Ministry of Finance has increased its stake in NESK, acquiring additional shares worth 100 million KGS

The Ministry of Finance of Kyrgyzstan has received 60.4 million ordinary registered shares in OJSC ‘National Electricity Grid of Kyrgyzstan’, with a total nominal value of 100 million KGS. As a result of the share placement, the Ministry of Finance’s stake in the energy company’s authorised capital has increased. This is stated in a material disclosure notice issued by NESK.

The transaction took place on 3 November 2026. A total of 60,426,392 shares were transferred from the company’s issue account to the nominal custody of CJSC ‘Central Depository’, after which they were placed in favour of the Ministry of Finance of the Kyrgyz Republic.

The nominal value of one share is 1.654906 KGS. According to the company’s statement, the block of shares allocated represents 0.1124 per cent of its authorised capital.

According to NESK’s financial statements for the third quarter of 2026, prior to the allocation of shares to the Ministry of Finance, the Ministry held 32.83 per cent of the company’s authorised capital, or 17.88 billion shares.

The Ministry of Energy of Kyrgyzstan remains NESK’s largest shareholder, holding 65.1 per cent of the authorised capital, or 35.45 billion shares, as at the end of September.

Thus, even before the November share placement, the two government departments collectively controlled 97.93 per cent of the company’s capital.

At the end of the third quarter, NESK’s authorised capital stood at 90.12 billion KGS and was divided into 54.46 billion ordinary shares. The company’s issue account held more than 830 million shares with a total nominal value of 1.37 billion KGS.

The November share placement reduced the number of shares in the issue account and increased the Ministry of Finance’s stake.