Halyk Savings Bank of Kazakhstan makes offer for Kazkommertsbank's GDRs

10.07.17 20:05
/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 information statement dated July 10: quote Halyk Savings Bank of Kazakhstan Joint Stock Company today launches a mandatory tender offer to purchase any and all of Kazkommertsbank Joint Stock Company's outstanding common shares, preference shares, and has extended such tender offer to the global depositary receipts representing such common shares ("Ordinary GDRs") and global depositary shares representing such preference shares ("Preference GDRs", together with the Ordinary GDRs, the "GDRs") at the purchase price of KZT285.34 per Ordinary GDR and KZT143.1 per Preference GDR. unquote Details are available on KASE website – http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_100717_2_en.pdf [2017-07-10]