OGCC KazStroyServise (Kazakhstan) Board of Directors decides to pledge assets to secure obligations on credit facility from Subsidiary Bank JSC "Sberbank of Russia" (Kazakhstan)

11.03.14 12:26
/KASE, March 11, 14/ – OGCC KazStroyServise (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote JSC "OGCC KazStroyServise" notifies that its Board of Directors took a decision to pledge assets of the joint-stock company to the amount of five and more percent of its assets – money – to secure its obligations on the operational credit facility at SB "Sberbank of Russia" (Kazakhstan). Information on the pledge (re-pledge) of assets of the joint-stock company to the amount of five and more percent of its assets: 1) date of the decision to pledge (re-pledge) assets taken by the body of the joint-stock company: March 4, 2014 2) date of the pledge (re-pledge) of assets of the joint-stock company (agreement date) and the term of the asset pledge (re-pledge): from the date of the pledge agreement; until January 30, 2019 3) value of the pledged (re-pledged) assets of the joint-stock company: money to the amount of KZT39,400,000,000 4) date of the most recent valuation of assets of the joint-stock company being pledged (re-pledged): not applicable; 5) percentage ratio of assets being pledged (re-pledged) to the total value of assets of the joint-stock company: 27.541%. unquote [2014-03-11]