Trade Information

Future listed companies

Future listed companies

Find out more information about placement of securities on stock market of Kazakhstan, and what financial opportunities bring the company after the company gets listed

Main financial instruments of financing

  • Dividends on common shares can be paid by the decision of shareholders
  • Has no payment obligation
  • Doesn't require collateral
  • Decreasing debt obligations
  • Estimation of company
  • Doesn't require collateral
  • Determination of parameters of issue, terms of payment, the frequency of payment
  • High volume of investments
  • Public credit history
  • Diversification of investor's base and independence from creditors
  • Only for companies of the Exchange's official list
  • Circulation term no longer than 1 year
  • Registation of issue in 3 business days
  • Listing procedures in 5 business days
  • Simplfied documentation
  • Lower listing fees

 

MAIN STAGES OF PREPARATION

The choice of financial advisor

Financial consultant takes part in preparation of documents for registration the issuer's issue securities, also for listing procedures. For non-financial organization it requires finacial advisor must be
Financial advisor can also provide service as market maker and underwriter. In the procedure of issue of bonds it requires to be a representative of bond holder

The choice of auditor

Company listed on KASE commit to annual audit in one of the audit companies, which accepted by KASE

Government registartion of issue of securities

Government registartion of issue of non-rgovernment securities, regulated by National Bank of Kazakhstan, by the Law of the Republic of Kazakhstan of Securities Market, and normative legal acts

Agreement with the Integrated Securities Registrar

If issuer issues securities for the first time, he needs to sign an Agreement with with the Integrated Securities Registrar. Company maintains the system of registry of the securities holders
The registry of the securities holders contains data about holders of securities on particular date, which allows to identify them, and also type, and the amount of securities

Expenses on listing procedures on Exchange

Registar services
+
Auditor services
+
Financial advisor services
+
Listing fees

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Listing Procedure

Simplified listing procedure considered for:

  • Securities, issue on the territory of foreign country, issuer is a non-resident of the Republic of Kazakhstan (in accordance to paragraph 3 clause 22-1 of the Law of the Republic of Kazakhstan of Securities Market);
  • Non-resident securities, listed in official list, and a member of World Federation of Exchanges, and also in official list of London Stock Exchange and Borsa Italiana SpA
  • For securities, planned to be included in official list of KASE as "Debt securities" in the category of "Commercial bonds" at "Main" and "Alternative" Market
  • For securities, planned to be included in official list of KASE as "Securities of International Financial Organizations" in the category of "Commercial bonds" at "Main" and "Alternative" Market
  • For securities, planned to be included in official list of KASE as "Debt securities" in the category of "Commercial bonds" at "Main" and "Alternative" Market.

The main diffrences of simplified listing procedure

Low fees

Short period of consideration of application

Simplified disclosure of information

Absence of financial advisor

Dual listing - listing procedure on more than one stock exchange to increase the liquidity of securities

Before making a decision of dual listing, issuer should read clause 22-1 of the Law of the Republic of Kzakhstan of Securities Market

Pros of dual listing

  • Tax benefits
  • The growth of liquidity
  • No requirements for diclosure of information on KASE

Упрощенная процедура листинга применяется:

  • Securities, issue on the territory of foreign country, issuer is a non-resident of the Republic of Kazakhstan (in accordance to paragraph 3 clause 22-1 of the Law of the Republic of Kazakhstan of Securities Market);
  • Non-resident securities, listed in official list, and a member of World Federation of Exchanges, and also in official list of London Stock Exchange and Borsa Italiana SpA
  • For securities, planned to be included in official list of KASE as "Debt securities" in the category of "Commercial bonds" at "Main" and "Alternative" Market
  • For securities, planned to be included in official list of KASE as "Securities of International Financial Organizations" in the category of "Commercial bonds" at "Main" and "Alternative" Market
  • For securities, planned to be included in official list of KASE as "Debt securities" in the category of "Commercial bonds" at "Main" and "Alternative" Market.

The main diffrences of simplified listing procedure

Low fees

Short period of consideration of application

Simplified disclosure of information

Absence of financial advisor

Dual listing - listing procedure on more than one stock exchange to increase the liquidity of securities

Before making a decision of dual listing, issuer should read clause 22-1 of the Law of the Republic of Kzakhstan of Securities Market

Pros of dual listing

  • Tax benefits
  • The growth of liquidity
  • No requirements for diclosure of information on KASE

WHAT IS NECESSARY FOR SECURITIES LISTING:

LISTING COMMISSIONS

Prior payment
100 MCI
(z)
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,025 %
от объема выпуска
from 100 to 1000 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,025 %
from issue
from 100 to 3000 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list
Prior payment
100 MCI
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,015 %
от объема выпуска
from 100 to 500 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,015 %
from issue
from 100 to 1500 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list
Prior payment
100 MCI
(for bonds)
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,025 %
от объема выпуска
from 100 to 1000 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,025 %
from issue
from 100 to 3000 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list
Prior payment
100 MCI
(for bonds)
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,025 %
от объема выпуска
from 100 to 1000 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,025 %
from issue
from 100 to 3000 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list
Prior payment
100 MCI
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,015 %
от объема выпуска
from 100 to 500 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,015 %
from issue
from 100 to 1500 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list
Prior payment
100 MCI
(for bonds)
for commercial bonds –
50 MCI
One-time fee, which is charged for the issuance of pre-trial detention, required for registration of securities issue in the authorized body
Consideration fee
0,025 %
от объема выпуска
from 100 to 1000 MCI
for commercial bonds is absent
for non-resident securities –
100 MCI
One-time charge for consideration of an application for admission of securities in the official list
Entry fee
0,025 %
from issue
from 100 to 3000 MCI
for commercial bonds –
100 MCI
for non-resident securities –
100 MCI
One-time charge for admission of securities in the official list
Annual fee
0,025 %
from issue
from 100 to 2000 MCI
for commercial bonds –
50 MCI
for non-resident securities –
100 MCI
The fee, which is charged for each year of securities being in the official list

Calculation of listing comissions*


Calculate

* for non-resident securities, which listed on KASE, consideration fee, entry fee and annual fee are fixed and cost 100 MCI each

** Calculation of annual fee depends