/KASE, July 26, 2019/ – Joint Resources (Almaty, hereinafter – the Company),
whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has
informed KASE about the following:
quote
The Company shall exercise its preemptive purchase right and purchase 2,797,920
... pieces of ordinary shares of Shubarkol Premium JSC (hereinafter – "shares on
offer") at the offering price of 2,221.94 ... tenge per ordinary share. Shares
on offer shall be paid with property rights by way of a settlement of counter
liabilities under agreements on temporary financial aid concluded earlier. If at
the moment of conclusion of the Agreement on settlement of counter liabilities
the value of shares exceeds the amount of liabilities of Shubarkol Premium
towards the Company, the remaining amount due for shares will be paid in cash
onto the bank account of Shubarkol Premium.
In case of a waiver of other shareholders of Shubarkol Premium of their
preemptive purchase rights, the Company shall send a respective application to
Shubarkol Premium for purchase of an additional block of shares on offer of
Shubarkol Premium in the quantity of up to 689,040 ... pieces of ordinary
shares.
unquote
This information is available on –
http://kase.kz/files/emitters/JRES/jres_other_accidents_240719_96.pdf
[2019-07-26]