/KASE, July 17, 2019/ – Kazakhtelecom (Nur-Sultan), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE that the Specialized
Inter-District Economic Court of the city of Nur-Sultan has instituted court
proceedings on the lawsuit filed on July 11, 2019 "To invalidate and set aside
Decision No. 6 dated March 1, 2019 of the Board of Directors of Kazakhtelecom JSC
in part of denying by Bakhyt P. Dzhumabayev to repurchase shares due to the
inclusion in the register of shareholders of the company after 00:00 hours of
December 12, 2012; to obligate Kazakhtelecom JSC to make the transaction on the
repurchase of ordinary shares in the amount of 15,203 pcsc. from Bakhyt P.
Dzhumabayev in accordance with the Method of determining the value of shares of
Kazakhtelecom JSC in case of their repurchase by the Company, approved by Decision
of the General Meeting of Shareholders of Kazakhtelecom JSC dated July 7, 2006".
Detailed information is available at –
http://kase.kz/files/emitters/KZTK/kztk_corporate_dispute_case_150719_6536.pdf
[2019-07-17]