/KASE, December 2, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following communique dated December 2, 2021
quote
Joint Stock Company Halyk Savings Bank of Kazakhstan (the "Bank") (40, Al-
Farabi Ave., Medeu District, Almaty A26M3K5, Republic of Kazakhstan) in
pursuance of the requirements of Article 26 of the Law of the Republic of
Kazakhstan "On Joint Stock Companies" hereby gives notice of the adoption on
2 December 2021 by the Bank's Board of Directors of the decision to repurchase
the securities of the Bank from shareholders of the Bank, on the following
conditions:
1. Type of securities to be repurchased: common shares of the Bank (ISIN
KZ000A0LE0S4) (the "Stock", "Shares") and global depositary receipts
representing the Bank's outstanding common shares (ISIN (Reg.S)
US46627J3023, ISIN (144A) US46627J2033) (the "GDRs") (jointly referred
to as the "Securities").
2. Number of the Securities to be repurchased: not more than 845,775,546
Shares (and/or the equivalent number of GDRs following application of the
share/GDR ratio, which equals to 40 (forty) common shares of the Bank per
1 (one) GDR).
3. Share repurchase price: market price for 1 (one) Share calculated in
accordance with the internal documents of JSC Kazakhstan Stock
Exchange and published on the website of JSC Kazakhstan Stock
Exchange, at the date of the resolution of the Bank's Board of Directors on
repurchase of the Securities, which equals to KZT182.10.
4. GDR repurchase price: price for 1 (one) GDR (in USD) is calculated as the
product of Share repurchase price and the number of the underlying assets,
which equals to 40 (forty) common shares of the Bank, at the official
USD/KZT exchange rate promulgated by the National Bank of Kazakhstan
at the date of the resolution of the Bank's Board of Directors on repurchase
of the Securities, which equals to USD16.78.
5. Deadline for submission of bids for repurchase of the Securities from the
Bank's shareholders /GDR holders:
within 7 (seven) calendar days from the publication date of the Bank's
announcement in the mass media on repurchase of the Securities for their
repurchase in the OTC market – from 3 to 9 December 2021;
on the 8 (eighth) calendar day from the publication date of the Bank's
announcement on repurchase of the Securities in the mass media, the
special trading sessions on Shares buyback on the Exchange regulated
market will be held on 10 December 2021. If specialized trading sessions
could not be held within the time period specified in this paragraph or are
recognized as having failed, the Bank's operating collegial body authorized
by the Bank's Board of Directors shall be entitled to set another period for
such sessions.
6. Securities repurchase period: from the deadline for submission of bids for
the Securities repurchase from the Bank's shareholders/GDR holders until
completion of settlements on the Securities repurchase transactions
between the Bank and shareholders/GDR holders applied for repurchase of
the Securities.
7. Stock repurchase terms and conditions: the Stock will be repurchased on
the Exchange regulated market by specialized trading session on JSC
Kazakhstan Stock Exchange in accordance with its internal documents
and/or on the OTC market via subscription, in accordance with the internal
documents of the Bank and the legislation of the Republic of Kazakhstan.
unquote
The full version of the comunique is posted on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_021221_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_021221_eng_1.pdf – in English.
[2021-12-02]