On increasing stake of National Bank of Republic of Kazakhstan in KASE capital

04.04.13, 18:06
/KASE, April 4, 13/ – Kazakhstan Stock Exchange (KASE) Board of Directors on April 2, 2013 determined that for purposes of increasing the stake of the National Bank of Republic of Kazakhstan in KASE capital according to item 2 of article 84 of the Act of the Republic of Kazakhstan "On the Securities Market" (the stake of the National Bank of the Republic of Kazakhstan must be higher than fifty percent of the total number of KASE's voting shares) the offering price of KASE shares will be fixed based on the share's book value according to data from KASE audited consolidated financial statements financial statements for the year expired on December 31, 2012. According to requirements of the legislation of the Republic of Kazakhstan (item 4 of article 2 of the Act of the Republic of Kazakhstan "On making changes and additions No. 57-V to some legislative acts of the Republic of Kazakhstan with regard to activities of micro-finance organizations" of November 26, 2012) the National Bank of Republic of Kazakhstan using its preemptive right increases the stake in KASE capital to the appropriate level. Information on terms of KASE share offering for purposes of bringing the stake of the National Bank of Republic of Kazakhstan in the Exchange's capital to the level set out by the mentioned act, will be published after KASE Board of Directors takes a relevant decision. [2013-04-04]