KASE revised commissions of the auctions for initial offering of securities

/IRBIS, March 17, 00/ - By the decision of the Board of Kazakhstan stock exchange (KASE) #21/0, dated March 16, 2000, a system of commission collections from securities initial offering auctions of the Exchange has been revised. Now, a commission is to be collected by the Exchange from the emitter for holding an auction for initial offering of any securities (previously commission was collected only for holding initial offerings of SS) at 0.025% of paid securities that were sold at the auction. Commission is charged for shares on the price of the deal, for bonds on par value. It is also said commission should be an equivalent of at least five hundred and no more than five thousand U.S. dollars payable in Kazakhstani tenges.