/CORRECTED January 29, KASE Exchange Council decides on sanctions to listing companies violating information disclosure requirements

02.02.09 16:13
/KASE, January 30, 09, resent due to a new edition of the text/ - The Exchange Council of Kazakhstan Stock Exchange (KASE) at its meeting on January 29, 2009 considered the issue on sanctions to a group of listing companies that violated KASE requirements on terms of provision of information, and made the following decisions: - to send to Kazakhstan Petrochemical Industries a letter warning of penalty sanctions in case of recurrent violation of requirements of the Listing rules on information disclosure; - to allow REMIX-R for a permitted additional term up to February 10, 2009 for provision of the report for Q4 2008 comprising consolidated financial statements, and send the admittance initiator a letter warning of penalty sanctions in case of recurrent violation of the Listing rules on information disclosure; - to allow Airport Sary-Arka for a permitted additional term up to February 15, 2009 for provision of an audit report on its financial statements for 2007; in case of violation of the term by the admittance initiator the KASE Listing Commission must prepare an opinion on possibility of de-listing of its securities, which will be deemed at the next planned meeting of the Exchange Council (February 26, 2009). [2009-01-30]