/KASE, September 27, 02/ - Kazakhstan stock exchange (KASE) informs that
on September 30 of 2002 in KASE trade system there will be held special
trades on primary floatation of inscribed privileged shares of Halyk Bank of
Kazakhstan OJSC (Almaty) of the seventh issue (KZ1P33870711, KASE official
"А" listing category, trade code HSBKp7) with realization of the right of
preemptive purchasing of securities by the bank's shareholders.
Within the framework of the issue 6,742,000 privileged shares have been
issued. The issuer intends to float at the specialized trades 4,500,000
shares.
Bids for the specialized trades are accepted in KASE trade system on
September 30 of 2002 since 11:30a.m. till 1:00p.m. of Almaty time. Price in
tenge for one share is shown as the price of one share in the bid with accuracy
of two decimal figures. Volume of bid is determined as product of price and
number of purchased shares.
Method of bids satisfying for shares purchasing - at the submitted price. This
means that the issuer will satisfy bids, prices in which will be equal or
higher than the cut-off price, set by him. Bids, prices in which will be equal
with the cut- off price, may be satisfied by the issuer in full volume or
partially. In the latter case bids are satisfied in the order of coming.
Only limited (competitive) bids are accepted to the trades.
On the reason that the floatation is conducted by the issuer taking into
account realization of the right for preemptive right of purchasing of the
securities by the bank's shareholders, KASE stresses special attention on
the fact that only shareholders of Halyk Bank of Kazakhstan OJSC can
participate in the specialized trades, who have been registered in the
register of shareholders as of August 19 of 2002, or KASE members,
which are authorized by them of "Р" category (right of participating in
trades in corporate securities, which have been included into the stock
exchange's official listing).
In case a purchaser of shares is not the bank's shareholder on the set
date of register fixation, seller has the right to annul the deal, which he
has made with the disturber of the right of preemptive purchasing, and
the guilty side is to pay the corresponding fine.
The full list of KASE members of "Р" category has been published in the stock
exchange's site in the Internet at
http://www.kase.kz/kasemembers/.
The floated shares may be purchased by pension assets management
companies (PAMC) at the expense of pension funds for the securities are in
KASE official "А" listing category.
Period of payment of shares purchased at the specialized trades is September
30 of 2002 till 4:00p.m. of Almaty time.
[2002-09-27]