Common shares KZ1C44720015 (GLOT) of GLOTUR (Kazakhstan) removed from KASE

/KASE, October 30, 09/ - The Listing commission of Kazakhstan Stock Exchange (KASE) beginning November 2, 2009 removed common shares KZ1C44720015 (GLOT) of GLOTUR (Almaty) from KASE. The KASE opinion dated August 21, 2009 says, grounds for de-listing of the shares are breaches of information disclosure requirements set with Listing rules and Corporate securities listing agreement dated April 14, 2005 entered between GLOTUR and KASE. In connection with systemic (four times within twelve consecutive months) failures of GLOTUR to meet requirements of sub-item 3) of item 6 of resolution of the Board of the Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations "On requirements to issuers and securities, admissible (admitted) to circulation on stock exchange, and to individual categories of stock exchange" dated May 26, 2008 No. 77, of item 1 of Appendix 2 to the Listing rules, item 1 of article 25 of the Listing rules, items 6 and 8 of the agreement and in accordance with sub-item 8) of item 1 of article 20 and item 4 of article 30 of the Listing rules the shares were de-listed. The shares were listed on KASE in category "A" beginning April 19, 2005 and beginning September 1, 2008 were transferred to the second category, and on June 2, 2009 - to the third category of KASE. Trade therein was opened May 10, 2005. During the circulation of the shares prices of deals concluded therein varied from KZT1,500.00 to KZT7,500.00 a share. [2009-10-30]