On August 22, Listing Commission accepted the plan on removal of basis for transfer of bonds KZ2C0Y05C804 (KZ2C00000743, ABDIb1) of ABDI Company to KASE official list buffer category

22.08.11 11:50
/KASE, August 22, 11/ - By Kazakhstan Stock Exchange (KASE) Listing Commission decision of August 22, 2011 was accepted the plan on removal of basis for transfer to the KASE official list buffer category of bonds KZ2C0Y05C804 (KZ2C00000743, ABDIb1; KZT10,000, KZT9.0 bn, January 8, 08 - January 8, 13; inflation rate indexed annual coupon, 8.80 % APR for the current coupon period; 30/360) of ABDI Company (Almaty). In the KASE conclusion of August 18, 2011 it is emphasized that according to the results of check up of ABDI Company and mentioned bonds for compliance with listing requirements set by the Appendix to the Chairman Order of the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty "On Establishment of Requirements for Issuers, whose Securities are Admissible or Admitted to the Official list of the Special Trading Floor of the Regional Financial Center of Almaty, and for such Securities" of May 8, 2008 # 04.2-09/119 for KASE official list Non-rated Debt Securities second subcategory it was detected ABDI Company non-compliance with the following listing requirements: - the equity capital size - according to the consolidated financial statements of ABDI Company for 2010, confirmed by the auditor's report, the equity capital as of December 31, 2010 has the negative value (KZT-2,100.0 mln), which does not meet the listing requirement set by sub-item 5) of item 11 of the Appendix; - the availability of net income - according to the financial statements of ABDI Company, confirmed by the auditor's reports, ABDI Company did not have net income for the last three years (the loss in 2008 - KZT655.3 mln, 2009 - KZT2,226.7 mln, 2010 - KZT3,372.5 mln), which does not meet the listing requirement set by sub-item 6) of item 11 of the Appendix. According to item 13-5 of the Appendix, ABDI Company provided to KASE on August 1, 2011 the plan on removal of basis for its securities transfer to the KASE official list buffer category. On August 17, 2011, ABDI Company provided to KASE the supplemented plan on removal of basis for its securities transfer to the KASE official list buffer category. According to item 13-7 of the Appendix, the mentioned Listing Commission decision approval will be considered at the KASE Board of Directors meeting. [2011-08-22]