/KASE, December 8, 11/ - Kazakhstan Stock Exchange (KASE) announces that a
trading session for selling common shares KZ1C34920013 (BTAS) of JSC BTA Bank
(Almaty) is to be held in KASE trading system on December 20, 2011.
The trading will be conducted in the form of Dutch auction in KASE trading hall.
Joint-stock company BTA Securities (Almaty), a subsidiary of BTA Bank
joint-stock company, will act as seller during the special trading session.
The total volume of authorized common shares of BTA Bank currently makes up
55,258,029,745 shares, those outstanding - 44,209,411,924 shares (according to
KASE).
The declared volume of selling makes up 133,693,000 shares (0.3 % of the total
number of outstanding common shares) with the total starting price of
KZT534,854,850.00 тенге. One lot's size at the trading has been set up at
6,684,650 shares. Starting price of one lot equals to KZT26,742,742.50. One
lot's change pace is KZT1,337,137.13.
If a lot has not been sold, that will mean that the buyer is not satisfied with
the price parameter declared by the seller, consecutively, the trading session
for remaining (other) lots will be declared invalid.
The Dutch auction will be conducted in KASE trading system from 11:30 to 17:00
o'clock (Almaty time - ALT). The security's ticker during the trading session -
BTAS. Settlements will be executed on the trading day (T+0).
A prospective buyer of securities must ensure crediting to KASE's correspondent
account of the guarantee fee to the amount of KZT1,337,137.13 until 15:00 ALT
December 15, 2011. The guarantee fee is used for payment of securities
purchased. In case the guarantee fee does not cover the transaction's amount,
the buyer of securities will have to ensure crediting to KASE's correspondent
account of the rest of money as payment for securities he bought, until 17:00
ALT of the settlements day.
Prior to the trading a KASE broker will pronounce the number of prospective
trading participants who fulfilled the guarantee fee payment clause. If the
number of such participants is less than two, the trading will be declared a
failure.
Since the Dutch auction is based on the voice method, traders of KASE members
will be admitted to the trading only upon presenting their ID card.
Only KASE stock market members may participate in the trading. Other persons can
submit applications for taking part in the trading only through those legal
entities. The full list of KASE stock market members is available at
http://www.kase.kz/en/membership
Regulations on trading methods are available at
http://www.kase.kz/files/normative_base/methods_eng.pdf
Details of the shares issue are available at
http://www.kase.kz/en/emitters/show/btas
[2011-12-08]