Listing Commission on August 8 accepted action plan on removal of basis for transfer of bonds KZ2C0Y17C783 (KZ2C00001493, ALTMb1) of Almatytemir to KASE official list's buffer category

/KASE, August 11, 14/ – By Kazakhstan Stock Exchange (KASE) Listing Commission decision of August 8, 2014 the action plan on removal of basis for transfer to KASE official list's buffer category of bonds KZ2C0Y17C783 (KZ2C00001493, KASE official list, second sub-category of Non-Rated Debt Securities, ALTMb1; KZT1, KZT2.0 bn, November 1, 2007 – November 1, 2024; floating semi-annual coupon 4.0 %; 30/360) of JSC "Almatytemir" (Almaty) was accepted. In KASE conclusion of July 29, 2014 it is noted that based on results of a check of JSC "Almatytemir" and its mentioned bonds for compliance with the listing requirements, set forth by Appendix to Order # 04.2-09/119 of Chairman of the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty "On Setting Requirements for Issuers, Whose Securities Admissible or Admitted to the Official list of Special Trading Floor of the Regional Financial Center of Almaty, and for Such Securities" of May 8, 2008 for the second subcategory of KASE official list's Non-Rated Debt Securities, incompliance of JSC "Almatytemir" with the listing requirement for the availability of net income was detected. According to JSC "Almatytemir" financial statements for 2011–2013 confirmed by auditor's reports, Almatytemir had no net income for the last three years (in 2011 the loss made up KZT113,766 th., for 2012 – KZT3,493,158 th., for 2013 – KZT245,634 th.). In accordance with sub-item 1) of item 13-1 of the said Requirements, JSC "Almatytemir", incompliance of debt securities and their issuers with requirements set forth by items 10 and 11 of the Requirements is the reason for transfer of its securities into KASE official list's buffer category. In accordance with item 13-5 of the said Requirements, JSC "Almatytemir" on July 18, 2014 provided KASE with an action plan for removal of reasons for transfer of its securities into KASE official list's buffer category. In accordance with item 13-7 of the said Requirements, the issue of approval of the said Listing Commission's decision will be put up for consideration at KASE Board of Directors' meeting. [2014-08-11]