OREANDA-NEWS. Modern Nomads Entertainment (Almaty, hereinafter – the Company), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following:

"... The Company's Board of Directors on April 22, 2016 decided to place 2,818,627 ordinary shares of the Company by subscription on the OTC securities market as the shareholders exercised their pre-emptive right for shares.

In addition, on April 25, 2016 the shares purchase and sale contract was signed between the Company and the Company's shareholder being BSG Technology who owned 187,750,000 common shares of the Company before this transaction.

Thus, the total number of shares owned by BSG Technology is 190,568,627 ordinary shares, or 20.239% of the total outstanding shares number."