Listing Commission on December 26 accepted plan on removal of basis for transfer of bonds KZ2C0Y05B830 (KZ2C00001014, TKUDb1) of Ore Mining and Processing Enterprise Tort Kudyk to KASE official list buffer category

27.12.12, 10:45
/KASE, December 27, 12/ - By Kazakhstan Stock Exchange (KASE) Listing Commission decision of December 26, 2012 was accepted the plan on removal of basis for transfer to the KASE official list buffer category of bonds KZ2C0Y05B830 (KZ2C00001014, TKUDb1; KZT1,000, KZT2.0 bn; November 3, 06 - November 3, 11; semi-annual coupon indexed at inflation rate; 30/360) of Ore Mining and Processing Enterprise Tort Kudyk (Astana). In the KASE conclusion of June 19, 2012 it is noted that based on results of the check of Ore Mining and Processing Enterprise Tort Kudyk and its bonds mentioned for compliance with the listing requirements, set forth by Appendix to Order of Chairman of the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty "On Setting Requirements for Issuers, Whose Securities Admissible or Admitted to the Official list of 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, was detected incompliance of Ore Mining and Processing Enterprise Tort Kudyk with the requirement for an auditing organization LLP Ar-Audit, which audits Ore Mining and Processing Enterprise Tort Kudyk financial statements, that does not enter the list of KASE recognized auditing organizations to audit financial statements and the information related to financial statements of issuers, whose securities are admitted to KASE official list Non-rated Debt Securities first and second subcategories, which violates listing requirements set forth by sub-item 3) of item 11 of the Appendix. In compliance with item 13-5 of the Appendix, Ore Mining and Processing Enterprise Tort Kudyk provided to KASE on December 14, 2012 the plan of removal of basis for transfer of its securities to the KASE official list buffer category. In accordance with item 13-7 of the mentioned Appendix the mentioned Listing Commission decision shall be considered at KASE Board of Directors meeting. [2012-12-27]