/KASE, October 10, 08/ - By the decision of Kazakhstan Stock Exchange (KASE)
Council of October 9, 2008, JV ERKA LLP (Taldykorgan) was refused the
inclusion of its bonds KZ2P0Y05D171 into KASE official list, the second sub-
category of category "Non-rated debt securities".
According to item 3 of article 18 of KASE Listing Rules
(
http://www.kase.kz/geninfo/normbase/listing_rules.pdf) the decision on inclusion
of securities into the KASE official list is made by the simple majority of voices
from the total number of voices of Exchange Council members. The less number
of voices means the refusal of these securities listing. For inclusion of bonds of
JV ERKA LLP into KASE official list, the second sub-category of category "Non-
rated debt securities" voted 9 members of the Exchange Council, against - 2,
abstained - 5.
The issue of bonds KZ2P0Y05D171 (KZT1, KZT2.5 bn. 5 years; floating
semiannual coupon, depending on inflation rate, 30/360) of JV ERKA LLP was
registered by the Agency of the Republic of Kazakhstan on Regulation and
Supervision of Financial Market and Financial Organizations (AFS) on August 25,
2008 and included into the Government Securities Register under # D17.
The main type of the company's activities - is production and realization of
starter lead storage batteries.
[2008-10-10]