AK Altynalmas announces pledging (re-pledging) KZT6.7 bn worth of assets

/KASE, October 23, 15/ – AK Altynalmas JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... due to change of collateral under obligations of the Company an addendum was signed to the existing agreement on the pledge of property (mortgage) concluded between Halyk Savings Bank of Kazakhstan JSC and the Company, constituing a major transaction: ... 1) date of the joint-stock company's body making a decision to pledge (re- pledge) the joint-stock company's assets – July 9, 2015. 2) date of pledging (re-pledging) of the joint-stock company's assets (conclusion of agreement) and term of assets pledge (re-pledging) – Transaction date October 20, 2015, Collateral term – until May 25, 2021. 3) value of pledged (re-pledged) assets of the joint-stock company – KZT6,698,494,820; 4) date of the most recent appraisal of pledged (re-pledged) assets of the joint- stock company – June 29, 2015; 5) percentage ratio of pledged (re-pledged) assets to the total value of assets of the joint-stock company – the deal is part of a related transaction, which provides for a transfer of property as collateral for an amount of more than five percent of the total assets of the Company. unquote [2015-10-23]