/KASE, September 18, 2024/ – Halyk Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release:
quote
Halyk Bank of Kazakhstan Joint Stock Company ("Halyk Bank" or the "Bank")
announces the commencement of a repurchase programme of its global
depositary receipts (ISIN (Reg.S) US46627J3023, ISIN (144A) US46627J2033)
(the "GDRs"), following the decision of the Board of Directors of the Bank on 16
September 2024. The programme will cover up to USD 50 million and aims to
optimize the Bank's capital structure (subject to the thresholds indicated
below).
Under this programme, Halyk Bank has instructed Citigroup Global Markets
Limited ("Citi") to act as riskless principal for the purchase of GDRs, with
each GDR representing 40 common shares in the share capital of Halyk Bank
(i.e., GDR ratio 1:40). Citi will purchase these GDRs on behalf of the Bank for
an aggregate purchase price not exceeding USD 50 million and will on sell the
GDRs back to Halyk Bank. At the same time, the total number of GDRs to be
repurchased will not exceed 1% of the total number of issued common shares of
the Bank, taking into account the aforementioned GDR ratio (1:40) and the total
repurchase amount of USD 50 million.
All purchases will be executed in accordance with the rules of the relevant
exchanges and comply with applicable securities market regulations to prevent
market abuse.
The repurchase programme will commence on 18 September 2024 and end no
later than 18 September 2025 (but subject to the above thresholds and limits).
This announcement does not constitute, or form part of, an offer or any
solicitation to buy or sell securities in any jurisdiction.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_180924_kaz.pdf – in Qazaq;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_180924_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_180924_eng.pdf – in English.
[2024-09-18]