KAZKOMMERTSBANK AND K. RAKISHEV ANNOUNCE RESULTS OF BUYBACK OF BTA BANK COMMON SHARES KZ1C34920013 (KZ000A0KFFC1, BTAS) FROM BANK'S MINORITY SHAREHOLDERS AT KZT0.24162 PER SHARE
24.09.14 15:57
/KASE, September 24, 14/ – Kazkommertsbank JSC (Almaty), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release of September 23, 2014:
quote
Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia
(“the Bank”), and private entrepreneur Mr. Kenes Rakishev announce the
completion of the buyback of common shares of BTA Bank (“BTA”), which was
announced on 29 July 2014 in accordance with Kazakh legislation.
As a result of the buyback, 11,783,301,082 common shares were purchased
from minority shareholders of BTA at the price of 0.24162 tenge per common
share. Of this, 11,777,418,751 common shares have been purchased by the
Bank and 5,882,331 common shares have been purchased by Mr. Rakishev.
In accordance with earlier agreements, the common shares of BTA that have
been purchased from the minority shareholders will be equally split between the
Bank and Mr. Rakishev at the same price (0.24162 tenge per common share).
It is expected that upon registration of all transactions, there will be the
following shareholding structure of BTA:
------------------------------------------------------------------------------------
Expected shares
after re-distribution
of purchased
Prior to purchase After purchase common shares
--------------------- ----------------------------------------------
Shareholders Number share Number share Number share
--------------- --------------- ----- --------------- ------ --------------- -------
Kazkommertsbank 298,295,649,240 46.5% 310,073,067,991 48.33% 304,187,299,781 47.415%
Kenes Rakishev 298,295,649,240 46.5% 298,301,531,571 46.5% 304,187,299,781 47.415%
Samruk-Kazyna* 27,351,461,050 4.26% 27,351,461,050 4.26% 27,351,461,050 4.26%
Minority 17,553,118,580 2.74% 5,769,817,498 0.91% 5,769,817,498 0.91%
shareholders
Total 100% 100% 100%
------------------------------------------------------------------------------------
* shares of BTA owned by Samruk-Kazyna were transferred to trust management
of KKB with voting rights.
Media enquiries:
Aliya Nursipatova, Investor Relations
Alma Buirakulova, Investor Relations
tel.: +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director, Public Relations
tel. +7 (727) 258-54-56, E-mail: pr@kkb.kz
unquote
[2014-09-24]