/KASE, April 8, 11/ - Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release:
quote
The joint-stock company "Halyk Savings Bank of Kazakhstan" (hereinafter - the
Bank) informs its shareholders that on March 30, 2011 in accordance with the
terms of the Option Agreement regarding the Bank made between JSC "Holding
Group "ALMEX" (hereinafter - "Almex"), the Bank's main shareholder, and JSC
"Samruk-Kazyna" dated January 15, 2009 (hereinafter - the Option Agreement),
the Bank exercised its right to purchase own common shares. The said intentions
of the Bank were announced on March 10, 2011.
Following the exercise of the Option, the Bank bought out 213,000,000 common
shares of the Bank from JSC Samruk-Kazyna (hereinafter - Samruk-Kazyna) on the
unorganized stock market. Apart from that, Almex has acquired 46,064,909 common
shares of the Bank.
Exercising the Option is one of many proofs for the Bank's achievements which
became possible thanks to government support and close co-operation during the
implementation of projects of republican importance in the economy's real
sector, development of the country's infrastructure, support for small and
medium-sized businesses. With significant performance records, the Bank has in
the meantime successfully completed measures aimed at the buy-out of common
shares at a price which ensures return on funds Samruk-Kazyna had put into the
Bank's equity. The experience acquired through successful and mutually
beneficial co-operation between the Bank and Samruk-Kazyna clearly indicates
that the Bank is firm to continue this interaction while implementing
government-designed programmes fostering further growth of Kazakhstan's economy
and its people's welfare.
unquote
The full version of this press-release is available on the KASE website, at
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_070411.pdf
[2011-04-08]