From January 31, 2012 common shares KZ1C41190014 (KZ1C00000223, PAIN) of Insurance company Pana Insurance (Kazakhstan) removed from KASE official list following issuer's request
/KASE, January 31, 12/ - Following a decision of Kazakhstan Stock Exchange (KASE) Listing Commission, from January 31, 2012, common shares KZ1C41190014 (KZ1C00000223, PAIN) of JSC "Insurance company "Pana Insurance" (Almaty) were removed from KASE official list, following q request from their issuer.
In KASE's report of January 30, 2012 it is said that on January 27, 2012 KASE received from JSC "Insurance company "Pana Insurance" the following documents:
- request # 0290/12 dated January 27, 2012 to voluntarily remove the shares from KASE official list;
- a copy of an extract from the minutes of a joint special general meeting of shareholders of JSC "Insurance company "Pana Insurance" and JSC "Insurance company "Alliance Policy" held on January 10, 2012, where shareholders unanimously decided to have the shares removed from KASE official list due to a voluntary re-organization of JSC "Insurance company "Pana Insurance" by way of merging to JSC "Insurance company "Alliance Policy";
- a copy of resolution # 215 dated December 26, 2011 by the Management Board of the National Bank of the Republic of Kazakhstan permitting JSC "Insurance company "Pana Insurance" and JSC "Insurance company "Alliance Policy" to voluntarily re-organize by way of merging JSC "Insurance company "Pana Insurance" to JSC "Insurance company "Alliance Policy".
According to documents presented, de-listing of the shares will not infringe on rights of investors and professional participants of the securities market.
Based on the above-mentioned and in accordance with sub-item 1) of item 1 of article 19 of KASE internal document "Listing Rules" the shares were de-listed.
The said shares were included in to the third category of KASE official list from November 17, 2008; from August 3, 2009 they were transferred into the second category of KASE official list. Trading in them was opened from April 28, 2009. During the shares' circulation at KASE prices of deals concluded by the open trading method varied from KZT10,526.00 to KZT13,000.00 per share.
[2012-01-31]