/KASE, July 28, 05/ - Today in trade system of Kazakhstan stock exchange
(KASE) specialized trades on sale of state block of shares (SBS) of Joint
venture Vasilkovskoye zoloto JSC (Almaty) were held. Initiator of the trades
was the Committee of state property and privatization of the Ministry of
finance of the Republic of Kazakhstan (Committee), broker authorized to sell
the SBS - Information-registration center JSC (Almaty).
Order of specialized trades is determined by the article 9 of KASE's internal
document "Regulation about methods of trades holding "
(
http://www.kase.kz/geninfo/normbase/methods.pdf).
SBS was exhibited to the trades under NZ_VGOK_5 code by indivisible lot of
107,906 common shares KZ1ะก49770015, what is 5.00% from total number
of placed shares of Joint venture Vasilkovskoye zoloto JSC. Subject of the
trade was price of SBS, expressed in tenge per one share. Submission of
bids in KASE trade system was executed by open method since 11:30 till
15:00 p.m. of Almaty time. Only limited bids were accepted for trades.
Only KASE's members of "H" category had right to participate in trades, who
have transferred before the beginning of the trades the guarantee fee in the
amount KZT53,953.0 th. to stock exchange's correspondent account.
One KASE member participated in trades, who has submitted 2 bids for
purchase of SBS by prices KZT2,710.00 and KZT2,750.00 per share. To the
moment when time for submission of bids expired, KASE trade system had
one active bid for purchase of SBS by KZT2,750.00 per share for the
amount KZT296,741,500.00.
By the results of trades the seller decided to satisfy left active bid,
having sold SBS by demand price.
Taking into account average weighted tenge rate to USA dollar, formed at
KASE morning session on the day when trades were organized (KZT135.71
per dollar), SBS of Joint venture Vasilkovskoye zoloto JSC was sold by
USD2.2 m. by the rate $20.26 per share.
Settlements by results of specialized trades should be 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 to be transferred before the
beginning of the trades by potential buyer to KASE's correspondent account)
should be charged by SBS buyer to the correspondent account of Central
securities depository JSC (Almaty) within seven working days since the
day of its conclusion.
[2005-07-28]