/KASE, March 31, 10/ - Kazakhstan Stock Exchange (KASE) based on received
documents informs the terms of VESNET (Pavlodar) government holding of
shares (SBS) selling terms in the KASE trading system.
Trades opening date - April 2, 2010.
Trades initiator - the Committee on State Property and Privatization of the
Ministry of Finance of the Republic of Kazakhstan (the Committee).
Authorized sales broker - the company CAIFC.
SBS characteristics
SBS consists of 235 common shares KZ1C45370018 (23.5 % from the
authorized capital of VESNET), 1,000 units issue was registered by the Agency
of the Republic of Kazakhstan on Regulation and Supervision of Financial Market
and Financial Organizations on August 24, 2004.
Lot limits
SBS will be traded with the entire lot of 235 shares under code NZ_VESN_23.5.
Guarantee fee
A potential buyer must transfer to the KASE correspondent account prior to
trades beginning a guarantee fee in the size of KZT9,053,855.34 at:
correspondent account 900161427 in the Monetary Transactions Department of
the National Bank of the Republic of Kazakhstan, BIC 190201125, TRN
600200049149, payment code - 171 (GROSS-system).
Trades schedule
Trades on KASE will be executed by the continuous counter auction method from
April 2, 2010 till SBS sale.
SBS must be quoted by buyers on Kazakhstan tenge per share accurate within
the second decimal.
The trades order is regulated by the KASE internal document "Regulations on
Trading Methods", available on KASE website at
http://www.kase.kz/files/normative_base/methods_eng.pdf
Settlement
Settlements by trades results will be made in compliance with article 7 of the
KASE internal document "State Blocks of Shares. Order of Admittance to Sale on
Trades and Settlements based on Trades Results", available on KASE website at
http://www.kase.kz/files/normative_base/gpa_eng.pdf
According to this document a deal amount, excluding the KASE commission and
previously transferred guarantee fee, must be entered by a SBS buyer in Central
Securities Depository (Almaty) account during seven working days from the day
of its conclusion.
Additional information
Applications to participate in trades can be submitted only by KASE stock market
category members. Investors may apply through these legal entities. The full list
of such members is available on KASE website at
http://www.kase.kz/en/membership
The Committee does not set for investors any limits, which means shares on
trades can be bought by any individual or legal entity, both residents and non-
residents of the Republic of Kazakhstan.
VESNET - production of all types of communications, electrical, electronic,
energy equipment, including fibro-optical, and office automation equipment.
[2010-03-31]