Bayan Sulu transfers assets as overlying pledge in the amount of KZT11.8 bn

/KASE, July 3, 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 Information on the transfer of assets as overlying pledge of Bayan Sulu JSC in the amount of five percent or more of the assets of the company: 1) date of decision-making by a body of the company to pledge (overlying pledge) property of the company: the Board of Directors decision dated May 29, 15, Minutes No.13; 2) date of transfer of the property as overlying pledge of the company: June 29, 15; - period for which the overlying pledge is transferred: June 09, 2014 – September 6, 2019; 3) value of the assets of the company, pledged (overlying pledge): KZT11,820,096,731 (eleven billion eight hundred twenty million ninety six thousand seven hundred thirty one); 4) date of the last valuation of assets of the company to be transferred as overlying pledge: December 18, 2014; January 5, 2015; January 12, 2015; 5) percentage of the value of the property transferred as collateral (overlying pledge) to the total assets of the company: 62.2%. unquote [2015-07-03]