/KASE, July 26, 04/ - Kazakhstan stock exchange (KASE) on the basis of
received documents informs sale terms of state block of shares (SBS) of
Joint venture Vasilkovskoye zoloto JSC (Almaty) in KASE's trade system on
July 28, 2005.
Initiator of the trades is the Committee of state property and privatization of
the Ministry of finance of the Republic of Kazakhstan (Committee).
Broker authorized to sell the SBS is Information-stocking center (Almaty).
Characteristics of the SBS
Block consists of 107,906 common shares KZ1ะก49770015 - 5.00% from
total paid number of placed shares of Joint venture Vasilkovskoye zoloto
JSC, whose issue in 2,158,120 copies is registered by the Agency of the
Republic of Kazakhstan for regulation and supervision of financial market
and financial organizations in State register of emission securities on August
10, 2004 under A4977 number.
Lot limits
SBS is exhibited to the trades by indivisible lot of 107,906 shares under
NZ_VGOK_5 code.
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 KZT53,953.0 th. by the following requisites:
correspondent account number 900161427 in Monetary operations
department of the National Bank of Kazakhstan, BIC 190201125, TRN
600200049149, BC 15, payment code - 171.
Trade mode
Trades in the SBS at KASE will be held within the framework of specialized
trades, order of which is regulated by the article 9 of KASE's internal
document "Regulation about methods of trades holding "
(
http://www.kase.kz/geninfo/normbase/methods.pdf).
Bids for participation in trades will be accepted in KASE trade system since
11:30 till 15:00 p.m. of Almaty time. Prolongation of the period for submission
of applications is not planned.
Mode of bids submission is open. Only limited bids will be accepted for
trades.
SBS is to be quoted by buyers in Kazakhstan tenge for one share block with
the accuracy of two decimal figures.
Method of bids satisfaction after cut-off procedure - by claimed price.
If seller is not satisfied by bids, submitted by potential buyers in the
current day of trades, it is possible to continue auction the next working day
on the same conditions. Decision about continuation of auction the next working
day is to be taken by seller and is to be informed by KASE till 17:00 of Almaty
time of the current day of trades.
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.pdf). 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 JSC (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 legal
entities. 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 individual or legal entity, who is
resident, as well as non-resident of the Republic of Kazakhstan.
Trades in SBS will be broadcasted in the Internet in real time mode at
http://bird.kase.kz/applets/NZ_VGOK_5.html
[2005-07-26]