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]