Halyk Savings Bank of Kazakhstan intends to buy shares in Kazkommertsbank from shareholders

10.07.17 19:31
/KASE, July 10, 2017/ – Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following statement dated July 10: quote Halyk Savings Bank of Kazakhstan Joint-Stock Company (the Bank) (40 Al Farabi Prospect, Medeuskiy district, A26M3K5, Almaty, the Republic of Kazakhstan) in connection with the acquisition, on 05 July 2017, in the secondary market, of 772,093,590 common shares (772,093,590 voting shares) in Kazkommertsbank JSC (including in the form of global depositary receipts, the underlying asset of which is common shares in Kazkommertsbank JSC), and for the purpose of ensuring the performance of article 25.3 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", hereby offers the other shareholders of Kazkommertsbank JSC (holders of common shares and preference shares in Kazkommertsbank JSC) to sell their shares in Kazkomertsbank JSC on the following terms: 1. Type of shares offered for purchase: common shares in Kazkommertsbank JSC (NIN KZ1C00400016) (including global depositary receipts, the underlying asset of which is common shares in Kazkommertsbank JSC) and preference shares in Kazkommertsbank JSC (NIN KZ1P00400211) (including global depositary receipts, the underlying asset of which is preference shares in Kazkommertsbank JSC) (hereinafter collectively referred to as the "Shares" and separately "Common Shares" and "Preference Shares", respectively). 2. Purchase price of the Shares: KZT 142.67 per 1 (one) Common Share and KZT 71.55 per 1 (one) Preference Share; which is the weighted average price of respective shares at JSC "Kazakhstan Stock Exchange" for 90 days preceding 04 July 2017. 3. Term, within which a holder of the Common Shares and/or of the Preference Shares is entitled to accept Bank's offer to sell holder's Shares: before 18:00 (Astana time on 9 August 2017 (within 30 (thirty) calendar days after publication of the offer to sell them to the Bank. 4. Shares purchasing conditions: in an unorganised market. For the purpose of selling the Shares to the Bank, shareholders of Kazkommertsbank JSC shall, within the set term, deliver to the Bank an application for the sale of shares in Kazkommertsbank JSC, in the form attached hereto. An electronic form of application for the sale of shares in Kazkommertsbank JSC is available on the corporate website of the Bank at https://halykbank.kz">https://halykbank.kz and may be printed, or assistance may be sought from officers of the Head Office of Halyk Bank of Kazakhstan JSC at 40 Al Farabi Prospect, Medeuskiy district, Almaty, the Republic of Kazakhstan, or Personal Service Centres of oblast/regional branches of Halyk Bank of Kazakhstan JSC, the list of which is available at https://www.halykbank.kz (in Russian); https://halykbank.kz">https://halykbank.kz (in Kazakh) unquote Details are available on KASE website at: - http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_100717_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_100717.pdf – in Russian; - http://www.kase.kz/files/emitters/HSBK/hsbk_other_doc_100717_en.pdf – in English. [2017-07-10]