Kcell (Kazakhstan) receives first tranche under KZT10 bn from Halyk Savings Bank of Kazakhstan
03.10.13 17:51
/KASE, October 3, 13/ – Kcell (Almaty), whose shares are officially listed on
Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press-release of October 2, 2013:
quote
Joint Stock Company Kcell (hereinafter - the Company) (LSE, KASE: KCEL), the
leading provider of mobile telecommunications services in Kazakhstan by arket
share in terms of revenue and subscribers, informs its shareholders and
investors about the following information to be disclosed pursuant to
subparagraph 4 of paragraph 1 of Article 79 of the Law of the Republic of
Kazakhstan "On Joint Stock Companies". The Board of Directors of Kcell JSC,
made a decision on 30 August 2013 (Minutes No.17 of the Board of Directors )
to approve the amount of the credit line under the bank loan agreement
between Kcell JSC and Halyk Bank of Kazakhstan in the amount of 30,000,000,000
(thirty billion tenge) in order to finance working capital. On 25 September 2013 ]
Kcell JSC received the first tranche of the credit line in the amount of
10,000,000,000 (ten billion tenge). The percentage of the first tranche to the
equity capital of Kcell JSC is 13.5 %. The percentage of the line of credit
to the amount of equity capital of Kcell JSC is 40.6%.
Enquiries
Investor relations
Irina Shol
tel. +7 727 2582755 ext. 1205
Investor_relations@kcell.kz
Media
Natalya Eskova
tel. +7 727 2582755 ext. 1902
Pressa@kcell.kz
International media
College Hill
Leonid Fink, Tony Friend, Kay Larsen
tel. +44 207 457 2020
unquote
[2013-10-03]