Insurance company Amanat Insurance (Kazakhstan) announces intention to conclude major transactions

20.05.13 14:08
/KASE, May 20, 13/ – JSC "Insurance company "Amanat Insurance" (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... of an intention to conclude a major deal: Deal No. 1 1) date when the joint-stock company's body took a decision to conclude the deal: a decision of the Board of Directors of May 15, 2013; 2) value of underlying asset: KZT52,000,000,000; 3) date of the most recent valuation of the underlying asset: none; 4) percentage ratio of the value of underlying asset to the value of the joint- stock company's total assets: 1,070.66%; 5) main substantial terms of the deal: standard terms; 6) deal conclusion date: no agreement concluded as of the date of data provision. Deal No. 2 1) date when the joint-stock company's body took a decision to conclude the deal: a decision of the Board of Directors of May 15, 2013; 2) value of underlying asset: KZT8,048,552,402; 3) date of the most recent valuation of the underlying asset: none; 4) percentage ratio of the value of underlying asset to the value of the joint- stock company's total assets: 165.72%; 5) main substantial terms of the deal: standard terms; 6) deal conclusion date: no agreement concluded as of the date of data provision. unquote [2013-05-20]