Board of Directors of OGCC KazStroyServise (Kazakhstan) decides to pledge assets in support of credit facility from Subsidiary Organization VTB Bank (Kazakhstan)

01.03.13 14:34
/KASE, March 1, 13/ – JSC "OGCC KazStroyServise" (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote JSC "OGCC KazStroyServise" notifies that its Board of Directors took a decision to pledge assets of the joint-stock company to the amount of five and more percent of its assets – money – to guarantee its liabilities under the current credit facility at SO JSC VTB Bank (Kazakhstan). Information on the pledge (re-pledge) of assets of the joint-stock company to the amount of five and more percent of its assets: 1) date of the decision to pledge (re-pledge) assets taken by the body of the joint-stock company: February 21, 2013; 2) date of the pledge (re-pledge) of assets of the joint-stock company (agreement date) and the term of the asset pledge (re-pledge): from the date of the pledge agreement (not yet signed); until July 18, 2016; 3) value of the pledge (re-pledge) of assets of the joint-stock company: money to the amount of KZT8,648,370,355; 4) date of the most recent valuation of assets of the joint-stock company being pledged (re-pledged): not applicable; 5) percentage ratio of assets being pledged (re-pledged) to the total value of assets of the joint-stock company: 6.953%. unquote [2013-03-01]