OGCC KazStroyServise Board of Directors decides to pledge assets to secure obligations on credit facility from Subsidiary organization JSC Bank VTB (Kazakhstan)

22.05.14 12:17
/KASE, May 22, 14/ – OGCC KazStroyServise JSC (Almaty), whose bonds are officially listed on 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 secure its obligations on the operational credit facility at Subsidiary organization JSC Bank VTB (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: May 16, 2014 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 conclusion and registration of the pledge agreement (not signed yet); until July 18, 2016 3) value of the pledged (re-pledged) assets of the joint-stock company: money to the amount of KZT20,029,482,640 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: 14.072%. unquote [2014-05-22]