/KASE, December 3, 04/ - Today at Kazakhstan stock exchange (KASE) the
first trade of government share holding (GSH) of Alliance Bank JSC (Almaty)
was held.
Initiator of trades was Committee of government property and privatization of
Ministry of finance of the Republic of Kazakhstan (Committee), which
through the mediation of Information-stocking center RGE (Almaty)
presented at exchange trades under code NZ_ASBN indivisible by lot holding
from 12,955 common shares of Alliance Bank JSC (1.85% from total paid
number of floated shares of Alliance Bank JSC).
These shares of the bank at present are traded in the official listing of KASE
securities of "A" category under code ASBN and have NIN KZ1C40310019.
In course of session the only bid was given at trades - for sale of GSH with
price KZT13,000.00 per share Demand was absent, in the result trades
were acknowledged as non-resulting.
According to the official letter of authorized by Committee broker,
Information-stocking center RGE is authorized to fulfill sale of above GSH at
KASE till December 31, 2004. In this connection he informed at KASE, that
trades NZ_ASBN will be continued from December 6, 2004 according to
terms of sale determined on December 3.
These terms, along with lot parameters, which are given above, includes the
following.
Trades of GSH at KASE will be held in the frame of trade session on
corporate securities from 11:30 to 17:00 of Almaty time by method of open
trades according to section II of KASE internal document "Description of
methods to conduct trades "
(
http://www.kase.kz/geninfo/normbase/methods.pdf). In every case
coincidence of purchase and sale prices as per bids figures in course of
open trade KASE system will automatically open for 15 minutes trades with
corresponding instrument by Frankfurt method (article 3, part I, section IV,
"Description of methods to conduct trades"). In course of this trade potential
buyers, competing with each other, may give bids with more high prices.
Closing of trade period by Frankfurt method happens not less than after 5
minutes from the moment of applying the last bid, changes and cancellations
of any bid by any of participant of the trade. Thus, if trades by lot on
Frankfurt method started later 16:45 of Almaty time, they may be closed after
17:00, but in any case - untill 18:00.
GSH should be quoted at KASE in Kazakhstan tenge for one share with
accuracy to second decimal.
For participating in trades before their starting potential buyers should
transfer to KASE correspondent account guaranteeing fee in the amount
of KZT12,955.0 th. to the following requisites:
correspondent account number 900161427 in payment system management
of National Bank of the Republic of Kazakhstan, BIC 190201125, TRN
600200049149, Kbe 15, code of payment purpose - 171.
Bids for participation in trades may be given only by KASE members of "H"
category. Investors may give bids through their legal entities. Full list of
KASE members of "H" category is published in web site of exchange
http://www.kase.kz/kasemembers/.
Committee does not establish any limits for investors, it means that, shares
at trades may be bought by any individual or legal entity, who is resident, as
well as non-resident of the Republic of Kazakhstan.
As GSH shares are included in the official KASE listing of "A" category, they
may be bought at the cost of pension assets of accumulative pension funds
of Kazakhstan.
Calculations on results of trades to be held according to article 7 of KASE
internal document "Government share holdings. Order of admission to sale
at trades and calculations on results of trades"
(
http://www.kase.kz/geninfo/normbase/gpa.pdf). According to this document
amount of transaction excluding amount of KASE commission premium and
previously transferred guarantee fee should be charged by buyer of GSH to
correspondent account of Central depositary of securities CJSC (Almaty)
during seven working days from the day of its conclusion.
In Internet trades of GSH will be broadcasted in on-line environment
http://bird.kase.kz/applets/NZ_ASBN.html.
[2004-12-03]