/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
JSC Halyk Bank (the "Bank") invites Qualifying Holders of its GDRs (ISIN
US46627J3023 (Regulation S)/US46627J2033 (Rule 144A)) to offer their GDRs
up to the Maximum Acceptance Amount (as defined below) for purchase by the
Bank's agent, Renaissance Securities (Cyprus) Limited, at a price equal to USD
16.78 per GDR (the "GDR Purchase Transaction"), all on the terms contained
herein.
The Bank invites Qualifying Holders (as defined below) to offer their GDRs to
the Agent (as defined below) for purchase for cash, on the terms and subject to
the conditions set out in this notice.
Neither the Bank nor the Agent is under any obligation to accept any Offers to
Participate (as defined below) in respect of any GDRs offered by Qualifying
Holders or to complete the GDR Purchase Transaction. The Bank and the Agent
may decide not to purchase any of the GDRs offered.
Any GDRs validly offered and purchased by the Agent will be immediately on-
sold to the Bank, then converted into Shares, and Such shares following
conversion will be held by the Bank in treasury without cancellation.
GDRs which have not been submitted for offer or have not been validly submitted
and accepted for purchase will remain unaffected. Holders of GDRs not wishing
to offer their GDRs for purchase do not need to take any action.
This Invitation to Participate in respect of the Bank’s GDRs is being conducted
concurrently with an invitation by the Bank to its holders of common shares (the
"Shares") to purchase such shares (the "Share Purchase Transaction") on
substantially identical terms to this Invitation to Participate. Holders of the
Bank's Shares are directed to the notice in respect of the Share Purchase
Transaction published on the JSC Kazakhstan Stock Exchange and AIX
simultaneously with this notice.
unquote
The full version of the communique is posted on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_021221_2.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_021221_eng_2.pdf – in English.
[2021-12-02]