Kazkommertsbank (Kazakhstan) informed shareholders on offering of 325 m. common shares considering the pre-emptive rights
31.03.09 13:39
/KASE, March 31, 09/ - Kazkommertsbank (Almaty), the listed company of
Kazakhstan Stock Exchange (KASE), provided to KASE the information message
of March 30, 2009 on then following:
Quotation start
Joint stock company Kazkommertsbank ("the Bank") hereby announces that on
March 30, 2009 the Board of Directors of the bank decided to offer common
shares of the Bank with its shareholders to exercise their pre-emptive rights to
purchase common shares of the Bank under the following terms and conditions:
Number and type of offered common shares - 325,000,000 common shares.
Ratio of the number of placed common shares (excluding common shares
bought back by the Bank) to the number of common shares being offered - 1.
7673455323 ("the k ratio"). The maximum number of shares that can be
purchased by existing shareholders is calculated by dividing the number of
common shares owned by the shareholder at the record date by the k ratio. If the
division results in a fractional number, the integer will be used without taking
into account figures after the comma.
Offer price is equal to USD 1.45 per 1 common share and USD 2.9 per 1 global
depositary receipt representing two common shares. The offer price is based on
the Bank's share price on the London Stock Exchange as at October 24, 2008
following the agreement with the Government of Kazakhstan. The offer price is
identical for all persons participating in the offer. Payments for the shares by
residents of the Republic of Kazakhstan is fixed in tenge and is calculated based
on the exchange rate set by the National Bank on the date of actual settlement for
the purchased shares by the shareholder.
List of shareholders, eligible to subscribe for common shares of the Bank
exercising their pre-emptive rights is fixed by registrar of the Bank at 00 hours
00 minutes on March 30, 2009.
Period, during which eligible shareholders of the Bank can submit applications to
purchase the Bank's shares will commence on the date of publication of this Offer
and last 30 calendar days ("the Period") until April 30, 2009 inclusively.
Conditions of the Offer. Offer shares shall be placed among eligible existing
shareholders, including holders of GDRs representing the Bank's common
shares, appearing in the registrar on the Record Date as well as to JSC National
Welfare Fund Samruk-Kazyna ("the Fund") as follows:
1. existing shareholders will have the right to subscribe for pro rata share of
the number of offer shares at the price of placement. Processing of submitted
applications, settlement and share transfer will be conducted by the Bank
after the end of the Period in line with the requirements of the Financial
Supervision Agency;
2. after the end of the Period shares from the offer remaining unplaced after
execution of pre-emptive rights by existing shareholders, in the number equal
to exactly 25 per cent of placed common shares including current Offer will
be offered directly to the Fund at the offer price;
3. after placement of the shares among shareholders within pre-emptive rights
and sale of the shares to the Fund, the placement within the Offer will be
completed. If as a result of such placement part of the common shares is left
unplaced, a separate decision on placement of such shares will be made by
the Board of Directors.
Presentation of applications by shareholders should be made in the following
way:
- holders of common shares shall deliver their applications directly to the Bank
(Corporate Secretary of the Bank, Saburova Mayra, phone +7 (727) 2-585-
221, e-mail MSaburova@kkb.kz );
- holders of depositary receipts of the Bank shall present their applications via
The Bank of New York Mellon for the name of Central Depository via
Custodian Bank of the shares. Contact details of JSC Central Depositary of
Securities - 291/3, Dostyk ave., 050020 Almaty; phone + 7 (727) 2 66-95-08,
2 66-95-09; Fax: + 7 (727) 2 66-95-01; e-mail CSD@CSD.KZ; Contact
person: Aibol Aliya Narimanovna.
- forms of the application on purchase of shares are placed on the Bank's
web-site www.kkb.kz
Notice to shareholders will be published on March 31, 2009 in the Republican
newspaper "Kazakhstanskaya Pravda", notifications will be sent to The Bank of
New York Mellon, to London Stock Exchange and Kazakh Stock Exchange, and
announcement will be placed on corporate web-site of the Bank.
For contacts:
Aliya Nursipatova, Head, Investor Relations
Tel.: +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director, Public Relations
Tel.: +7 (727) 258-54-56, E-mail: pr@kkb.kz
Quotation end
[2009-03-31]