Shares of Pavlodar refinery were excluded were expeld from exchange trades

/IRBIS, Nov.01, 99/ - By the resolution of the Kazakhstan Stock JSC "PNPZ" Exchange (KASE) since 01 November 1999, common and preferred shares of Pavlodar refinery (JSC "PNPZ", Pavlodar, sector non-listing securities, second level of allowance) were expelled from the trade lists of Stock Exchange. The decision was accepted on the basis of the letter in which National Securities Commission of Kazakhstan (NSC) informed, that the JSC "PNPZ" shares of first issue (registration number А2128) was recognized not holding; the second issue was placed by a closed way (the national identification number was given to shares without issue registration). In this connection these shares can not be included in the trade lists of Stock Exchange. Date of inclusion of JSC "PNPZ" shares in the trade lists was July 14, 1998. On July 17 , 98 the shares were suspended. It was made on the basis of the NSC statement that legitimacy of company's shares can not be confirmed before finding out of circumstances, connected with creation of Closed JSC "PNPZ- CCL".