Securities of Joint Resources to be transferred from main market to relevant sectors and categories of KASE Officia List’s alternative market as of August 8
07.08.19 18:09
/KASE, August 7, 2019/ – By the decision of the Listing Commission of Kazakhstan
Stock Exchange (KASE) the following securities of Fincraft Resources will be
transferred as of August 8, 2019:
- ordinary shares KZ1C00000553 (SATC) were transferred from category "standard"
of the main market to "shares" sector of the alternative market of the KASE
Official List;
- preferred shares KZ1P00000566 (SATCp) were transferred from category "standard"
of the main market to "shares" sector of the alternative market of the KASE
Official List;
- bonds KZ2C00001360 (SATCb1) were transferred from category "bonds" of the main
market to category "bonds" of the alternative market of the KASE Official List;
- bonds KZ2C00001832 (SATCb2) were transferred from category "bonds" of the main
market to category "bonds" of the alternative market of the KASE Official List.
In the KASE conclusion report dated July 15, 2019, it says that according to the
results of the examination of Fincraft Resources and its mentioned shares for
compliance with the criteria and requirements set by the Listing Rules for
admitting bonds to the KASE Official List’s main market and their presence in
that market, it was established that the company does not comply with the sales
criteria (revenues, operating income), namely: according to the consolidated
financial statements of the company for 2018, the company has no operating income.
Based on the above and in accordance with sub-item 3) of item 3 of Chapter 2 of
Appendix 2.2 to the Listing Rules, these securities have been transferred from
the main market to the alternative market of the KASE Official List.
[2019-08-07]