As of November 28 trading on KASE in futures on ordinary shares GB00B29BCK10 (GB_ENRC) of EURASIAN NATURAL RESOURCES CORPORATION PLC (United Kingdom) closed early
28.11.13 15:29
/KASE, November 28, 13/ – Following a decision of Kazakhstan Stock Exchange
(KASE) Management Board as of November 28, 2013 trading in futures on ordinary
shares GB00B29BCK10 (KASE official list, first category, GB_ENRC) of EURASIAN
NATURAL RESOURCES CORPORATION PLC (ENRC, London) with execution in December 2013
(F_GB_ENRC1312) and March 2014 (F_GB_ENRC1403) was closed ahead of time.
This decision was taken due to exclusion of the underlying asset of contracts –
ordinary shares ENRC – from the representative list of KASE Index.
As was announced earlier, as of October 22, 2013 Brokerage house "JAZZ CAPITAL"
(Almaty) discontinued its market-maker obligations on the said shares on KASE,
and on November 25, 2013 the mentioned shares were removed from the official
list of the London Stock Exchange (LSE) at the issuer's request. These
circumstances have led to a sharp decline in their liquidity, an increase in
their volatility and widening of spreads on their quotations in KASE trading
system.
On F_GB_ENRC1312 and F_GB_ENRC1403 no deals were concluded; open positions were
not available as at the trade closure. The futures' current price made up
KZT431.70 and KZT438.60 per share accordingly.
Following the mentioned Management Board the Specification of the futures on
ordinary shares of EURASIAN NATURAL RESOURCES CORPORATION PLC was acknowledged
as invalid as of November 28, 2013
[2013-11-28]