According to the relevant privatization programs, as well as the announcement of the State Assets Management Agency to attract a professional consulting company (hereinafter - Strategic consultant) to develop the strategy for the implementation and coordination of processes of the "People's IPO" in 40 state enterprises on the principle of "one share, one lot" , the following is reported.

During the selection process, proposals were received from 4 local and international professional consulting companies, and their financial proposals, experience in the relevant field, as well as approaches to perform the relevant tasks were considered.

Accordingly, as a result of the selection process, the international consulting company "KPMG", which presented the highest level of projects in this field, the qualification of the professional team involved in the project and the most acceptable price offer, was appointed as Strategic consultant for developing the strategy for the implementation and coordination of processes of the "People's IPO".

Strategic consultant includes the following tasks:

• Development of a strategy for the implementation and procedure for conducting the "People's IPO" on the principle of "one share, one lot", based on international experience and taking into account the specifics of the local market;
• recommendations for attracting investment mediators, underwriters, special PR-companies and other interested parties to the implementation strategy of the "People's IPO", including the development of qualification criteria and conditions of their attraction;
• ensuring coordination of activities between the State Assets Management Agency, involved underwriters, investment mediators, electronic platform "E-auksion", online payment systems, banks and other interested parties in the framework of the "People's IPO";
• development of methodological recommendations on optimal marketing strategy, including appropriate marketing tools and techniques, and preparation of marketing materials (leaflets, booklets, banners, brochures, photo-video clips, etc.);
• determination of the mechanism for the placement of incoming requests for purchase of shares, the price range and restrictions on the number of shares that can be purchased by one investor (investment mediator), taking into account the financial condition of enterprises whose shares are sold through the "People's IPO", the impact of the macroeconomic situation on the activities of the enterprise, market conditions in the sector of the enterprise (including projections of expected returns on shares and divident policy), analysis of demand for shares in the market (market sounding);
• development of a sample form of a Sale and Purchase Agreement for shares.

The State Assets Management Agency together with the international company "KPMG" will take all necessary measures to organize the process in accordance with open, transparent and competitive sales mechanisms, as well as ensure the provision of information to the public on each stage of the process.