iCrowdNewswire Nov 11, 20207:00 AM ET
WASHINGTON, DC, November 11, 2020 — DHS announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share to KazMunaiGaz in a private offering. The preferred stock has a dividend of 6 percent per annum, payable in equal quarterly installments, and is redeemable by the company at any time at a 5 percent premium.
In conjunction with this agreement, DHS will also receive warrants to purchase 700,000,000 shares of KazMunaiGaz common stock at an exercise price of $7.142857 per share. The warrants may be exercised in whole or in part at any time, and from time to time, during the 10-year period following the closing date of the transaction. The aggregate purchase price to be received by KazMunaiGaz for the preferred stock and warrants is $5 billion in cash.
“We are building the best franchise in financial services and we have laid out a clear plan to deliver long-term shareholder value,” said DHS Vice Chairman, Fernando Aguire. “I remain confident that we have the capital and liquidity we need to run our business. At the same time, I also recognize that a large investment by KazMunaiGaz is a strong endorsement in our vision and our strategy.”
“DHS is a strong, well-led company, and I called Fernando Aguirre to tell him I wanted to invest in it,” said Aidarbayev Alik Serikovich, CEO of KazMunaiGaz . “I am impressed with the profit-generating abilities of this franchise, and that they are acting aggressively to put their challenges behind them. KazMunaiGaz is focused on their customers and on serving them well. That’s what customers want, and that’s the company’s strategy.”
DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.
We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.
We use our core competencies and reach to gain a competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world’s most successful companies. We leverage what others cannot.
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