KASE's Council refused to include KZ2PKY05B833 issue bonds of Tort Kudyk ore mining and processing enterprise LLP (Kazakhstan) in the official "B" listing category
/KASE, April 4, 06/ - By the decision of Kazakhstan stock exchange's
(KASE) Council dated March 31 of 2006 Tort Kudyk ore mining and
processing enterprise LLP (Astana) has been refused to include its
KZ2PKY05B833 issue bonds (KZT1,000, KZT2.0 bn., 5 years, semi-annual
coupon indexed on inflation rate, 12.0% APR for the first circulation year) in
KASE's official "B" listing category.
The exchange's Council took such the decision after examination of
conclusion of KASE's Listing commission, comments of issuer's
representatives and financial consultant, which was Financial company
REAL-INVEST.kz JSC (Almaty).
According to paragraph 3 of the article 18 of Listing rules, decision about
inclusion of securities in KASE's official list or securities transfer from one
to another listing category is to be made by the majority votes from total
number of Exchange's council members. Fewest number of votes means
refusal to include or transfer. 5 members of Exchange's council voted for
inclusion of securities of Tort Kudyk ore mining and processing enterprise
LLP in KASE's official "B" listing category, against - 2, abstained - 6.