/KASE, August 7, 15/ – Kazkommertsbank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
JSC Kazkommertsbank ("the Bank" or "KKB"), one of the largest banks in
Kazakhstan and Central Asia, has been informed by Kenges Rakishev, a major
shareholder of the Bank, that he has reached a preliminary agreement with the
Alnair private equity group to combine their respective shareholdings in KKB,
subject to satisfaction of regulatory and other customary conditions. As a
result of the proposed transaction, Mr. Rakishev would acquire legal ownership
over the parent entity of JSC Alnair Capital Holding ("Alnair"), which
currently holds a 28.08% stake in KKB's issued and outstanding common share
capital. In connection with the proposed transaction, Mr Rakishev would become
the General Partner of the Alnair private equity group and, as such, would
effectively acquire control over voting and other rights of Alnair's
shareholding in KKB.
Upon completion, this transaction will effectively give Kenges Rakishev full
control over the voting and other rights of a combined 56.75% stake in KKB's
issued and outstanding common share capital, made up of shares in KKB held
by Mr Rakishev directly and indirectly, through Alnair.
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_070815.pdf
[2015-08-07]