Common shares KZ1C35690011 (KANT) of Kant JSC (Kazakhstan) transferred from category "A" to category "В" of KASE official list beginning August 1, 2008
01.08.08 21:31
/KASE, August 1, 08/ - By the decision of the Exchange Council of Kazakhstan
Stock Exchange (KASE) common shares KZ1C35690011 (KANT) of Kant JSC
(Taraz) were transferred from category "A" to category "B" of KASE official list
beginning August 1, 2008.
The decision was made on the basis of sub-item 5) of item 3 of resolution No. 73
of the Board of the Agency of the Republic of Kazakhstan on Regulation and
Supervision of Financial Market and Financial Organizations "on Requirements to
Issuers and their Securities, Admissible (Admitted) to Circulation on Stock
Exchange and to Separate Categories of Stock Exchange List" of March 30,
2007, in accordance with which the issuer, securities of which are listed in
KASE highest listing category, must have net income for the last finished finan-
cial year or for any two of the last three financial finished years in accordance
with confirmed by the audit report (audit reports) issuer financial statements.
KASE Listing Committee opinion of July 31, 2008 specifies that according to the
financial statements of Kant JSC, confirmed by audit reports, its losses in 2006
totaled KZT587.7 m., in 2007 - KZT885.3 m. According to non-audited financial
statements of Kant JSC its profit in initial three months of 2008 made up
KZT143.0 m.
On the basis of the mentioned above and in accordance with sub-item 1) of item
2 of article 19 of the Listing Rules common shares KZ1C35690011 of Kant JSC
are subject to transfer from category "A" to category "B" of KASE official list.
Common shares KZ1C35690011 of Kant JSC were included in KASE official list
of category "B" on November 15, 2002 trades therein were opened on December
2, 2002. On February 9, 2004 the shares were transferred from category "B" to
category "A" of KASE official list. Since the trade opening date 44 deals for
the total of KZT9.7 bn. (USD79.7 m.) were concluded in the shares by open trade
method. Share price varied from KZT299.00 to 2,971.47 per share.
[2008-08-01]