Bayan Sulu announces asset pledge

/KASE, April 21, 15/ – 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 pledging (re-pledging) of assets of Bayan Sulu JSC 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 March 27, 2015, minutes No. 7; 2) date of pledging (re-pledging) of the joint-stock company's assets (entering into an agreement): April 14, 2015; April 16, 2015; term for which the assets are pledged (re-pledged): November 25, 2015; June 9, 2019; 3) value of pledged (re-pledged) assets of the joint-stock company: - total amount of revaluation of property under pledge contracts entered into earlier: KZT415,500,505; - cost of processing equipment: KZT939,180,766; 4) date of the most recent appraisal of pledged (re-pledged) assets of the joint- stock company: December 18, 2014; December 19, 2014; January 5, 2015; January 12, 2015. 5) percentage ratio of pledged (re-pledged) assets to the total value of assets of the joint-stock company – 7.3%. unquote [2015-04-21]