/KASE, February 16, 11/ - From February 16, 2011, by Kazakhstan Stock Exchange
(KASE) Risk Committee decision of February 15, 2011 were changed parameters
of shares, included to the KASE index representative list.
The changes were made as Kazkommertsbank (hereinafter - the bank) provided
to KASE the extract from its shareholders registers system as of February 7,
2011. According to the extract the number of free floating common shares
(NIN - KZ1C00400016, ticker - KKGB) of the bank has changed from 57,354,465
units to 56,354,465 units. The mentioned shares number changed as the bank
shareholders - Central Asian Investment Company (CAIC) 23.72 % from the total
number of offered common shares of the bank and Ak Zhalyn JSC 0.11 % from
the total number of offered common shares of the bank, the sole shareholder
of which is CAIC, implemented the reorganization through CAIC takeover of
Ak Zhalyn JSC. As a result the bank stake of free floating shares decreased
from 7.37 % to 7.25 %.
These changes entailed the need in adjustment of coefficients that restrict
influence of price parameters of all shares, included to the KASE index
representative list, on the KASE Index value.
The table below shows new and effective till February 16 shares parameters,
influencing the KASE index value.
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Effective from February 16, 2011 Effective till February 16, 2011
------------- ------- ----------- ------------ ------- -----------
free restrictive free restrictive
offered float coefficient offered float coefficient
Ticker shares (Fi), % (Ri) shares (Fi), % Ri)
------- ------------- ------- ----------- ------------ ------- -----------
CCBN 162,456,800 27.2 1.0000000 162,456,800 27.2 1.0000000
GB_ENRC 1,287,750,000 18.6 0.0639037 1,287,750,000 18.6 0.0580149
GB_KZMS 535,240,338 43.1 0.0443532 535,240,338 43.1 0.0412079
HSBK 1,304,171,681 20.6 0.3329198 1,304,171,681 20.6 0.3176449
KKGB 778,625,062 7.3 1.0000000 778,625,062 7.4 1.0000000
KZTK 10,881,924 22.2 0.7683686 10,881,924 22.2 0.7048092
RDGZ 70,110,303 38.5 0.0694700 70,110,303 38.5 0.0635740
--------------------------------------------------------------------------------
In addition, by the mentioned Risk Committee decision from February 16, 2011,
when the KASE index calculating shall be used the new adjustment coefficient
(K) value- 2.5991568. Till the mentioned date K equaled 2.7486858.
NOTES TO TABLE
KASE Index - KASE share market index, showing change of prices of shares
listed on the representative list for calculation of the index with account to
capitalization of issuers and number of free floating shares (free float). One
stock may not exceed 15 % weight in the index. KASE Index is calculated within a
trading day as deals in the representing stocks are concluded. In case no deals,
parameters of which are required for calculation of the KASE Index were made in
the stock during a trading day, for purposes of such calculation, results of the
last resultant trading session will be used.
The Methodology of index calculation is regulated by the KASE internal document
"Methodology of Stock Market Indicators Calculation", available at the KASE
website at:
http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
The page on index is available at
http://www.kase.kz/en/index_kase
Ticker shows: issuer code of security trading on KASE (first 4 symbols -common
share code); share category (if the fifth symbol is "p", preferred share);
share issue order number (if required, the sixth symbol is a digit). Issuers
code: CCBN - Bank CenterCredit; GB_KZMS - KAZAKHMYS PLC; GB_ENRC - EURASIAN
NATURAL RESOURCES CORPORATION PLC; HSBK - Halyk Savings Bank of Kazakhstan;
KKGB - Kazkommertsbank; KZTK - Kazakhtelecom; RDGZ - KazMunaiGas Exploration
Production.
Offered shares - parameter, which is determined independently by KASE on the
basis of listing company share register extract data or information provided
by the company as a number of outstanding shares of a listing company net of
those redeemed. KASE is taking into account the number of outstanding shares,
which is confirmed by documents available on KASE.
Free float (Fi), % - parameter, determined by KASE as a number of shares not
owned by the state, issuer management and shareholders owning five or more
percent of common shares of the issuer, except for shareholders in regard of
which the Risk committee made a decision that such shareholders shall not be
deemed as strategic (institutioanl investors, nominal holders, and entities
performing functions of settlement service etc.).
Restrictive coefficient (Ri) - parameter limiting weight of influence of one
stock on index value to fifteen percent.
[2011-02-16]