Halyk Savings Bank of Kazakhstan invites qualified holders of GDR US46627J2033 (HSBKd) to participate in deal to buy out GDRs

02.12.21 15:02
/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]