/KASE, December 23, 04/ - Kazakhstan stock exchange (KASE) announces
the final sale terms of state block of shares (SBS) of Alliance Bank JSC
(Almaty) in KASE's trade system on December 3 of 2004.
Initiator of the trades is the Committee of state property and privatization
of the Ministry of finance of Kazakhstan (Committee).
Broker authorized for selling the SBS is RSE Information-stocking
center (Almaty).
Characteristics of the SBS - 12,955 common shares (NIN - KZ1C40310019) traded
in KASE's official "A" listing category under the code ASBN (1.85% of total
number of floated shares of Alliance Bank JSC). SBS is exhibited to the trades
by indivisible lot of 12,955 shares under the code NZ_ ASBN.
Guarantee fee
In order to participate in the trades a potential buyer must transfer the
guarantee fee to KASE's correspondent account before the beginning of the
trades in the amount of KZT12,955.0 th. by the following properties:
correspondent account number 900161427 in Payment systems department
of the National Bank of Kazakhstan, BIK 190201125, TIP 600200049149, BC 15,
payment code - 171.
Trade mode
Trades in the SBS at KASE will be held within the framework of trade session
in corporate securities since 11:30 a.m. till 5:00 p.m. of Almaty time by open
trade method in compliance with section II of KASE's internal document
"Description of methods of trades holding "
(
http://www.kase.kz/geninfo/normbase/methods.asp). In every case of
coincidence of purchase and sale prices in bids submitted during the open
trade KASE's trade system will automatically open for 15 minutes trades in
corresponding instrument by Frankfurt method (article 3, chapter I, section
IV, "Description of methods of trades holding"). During this trade potential
buyers, competing between each other, can submit bids at higher prices.
Period of trade by Frankfurt method ends no less than 5 minutes after
submitting of the last bid, changing or annulling of any bid by any trade
participant. Thus, if trades in any lot by Frankfurt method start later than
4:45 p.m. of Almaty time, they can be closed after 5:00 p.m., but anyway -
before 6:00 p.m.
The SBS is to be quoted at KASE in Kazakhstan tenge for one share with the
accuracy of two decimal figures.
Settlement mode
Settlements according to results of the trades are made in compliance with
the article 7 of KASE's internal document "State blocks of shares. Order of
admission to sale at trades and settlements according to results of trades"
(
http://www.kase.kz/geninfo/normbase/gpa.asp). In accordance with this
document sum of deal excluding sum of commission fee of KASE and
transferred before guarantee fee (which is transferred before the beginning
of the trades by potential buyer to KASE's correspondent account) is to be
transferred by SBS buyer to the correspondent account of Central securities
depository CJSC (Almaty) within seven working days since the day of its
making.
Additional information
Bids for participating in the trades may be submitted only by KASE's
members of "H" category. Investors can submit bids through these juridical
persons. Full list of KASE's members of "H" category has been published in
the stock exchange's site at
http://www.kase.kz/kasemembers/.
The committee does not set any limits for investors, so it follows that shares
can by purchased at the trades by any physical or juridical person, which is
resident or non-resident of the Republic of Kazakhstan.
On the reason shares of SBS have been included in KASE's "A" listing
category, they can be purchased at the expense of pension assets of
accumulative pension funds of Kazakhstan.
Trades in SBS will be broadcasted in the Internet in real time mode at
http://bird.kase.kz/applets/NZ_ASBN.html.
[2004-12-03]