Bayan Sulu announces asset pledge

/KASE, December 29, 14/ – Bayan Sulu JSC (Kostanai), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote The information about re-pledging of joint-stock company Bayan Sulu's assets to an amount making up five and more percent of the company's assets: 1) date of the joint-stock company's body making a decision to pledge (re-pledge) the joint-stock company's assets – decision of Board of Directors of November 20, 2014, minutes No. 28; 2) date of pledging (re-pledging) of the joint-stock company's assets (conclusion of agreement) – December 10, 2014; term for which the assets are pledged (re-pledged) – from June 9, 2014 to June 9, 2019; 3) value of pledged (re-pledged) assets of the joint-stock company: assessed value KZT12,096,611,037; 4) date of the most recent appraisal of pledged (re-pledged) assets of the joint-stock company: March 11, 2014; March 12, 2014; April 7, 2014; April 23, 2014; May 5, 2014; 5) percentage ratio of pledged (re-pledged) assets to the total value of assets of the joint-stock company – 61.7%. unquote [2014-12-29]