FREEDOM HOLDING CORP. SOLD 493,335 ORDINARY SHARES US3563901046 (US_FRHC) AT KZT3,047.31 PER SHARE RAISING KZT1.5 BN IN THE COURSE OF SUBSCRIPTION ON KASE
/KASE, February 4, 2019/ – As announced earlier, from January 28 to 31, 2019
ordinary shares US3563901046 (KASE alternative market, sector "shares",
US_FRHC) of Freedom Holding Corp. (Salt Lake City, US) were sold in KASE
trading system by way of subscription.
Freedom Finance (Almaty) acted as the seller during the subscription to said
A total of 537,634 shares was put on sale. The settlement date is February 1,
Three members of KASE took part in the subscription. A total of 654 orders for
purchase of 493,448 shares (92 % of the supply) arrived in the trading system,
which were recognized as active at the order collection end.
The price in orders submitted varied from KZT2,890 to KZT3,333 per share. The
weighted average price on active orders made up KZT3,049.10 per share. The
total demand on orders made up KZT1,504,571,596.02.
651 orders came from individuals (650 accounts), two orders came from accounts
of brokers' clients (other legal entities, not being institutional investors).
Based on results of the subscription, the cut-off price was fixed at
KZT3,047.31; 652 orders for purchase of 493,335 shares (92 % of the offered
volume) were executed. At that, 650 individuals orders for purchase of 489,144 shares
in the amount of KZT1,490,573,402.64 (99.2 %) and two orders from legal entities
for purchase of 4,191 shares in the amount of KZT12,771,276.21 (0.8 %) were
executed. The total sales volume made up KZT1,503,344,678.9.
According to the Central Securities Depository JSC (Almaty), all deals based on
results of the subscription, were settled by the moment of release of this
publication, the subscription is finished.