Kazkommertsbank announces results of sale of BTA Bank ordinary shares

02.02.16 18:05
/KASE, February 2, 16/ – Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Kazkommertsbank JSC (hereinafter – KKB) informs about the completion of the sale of 608,374,602,366 ordinary shares of BTA Bank JSC (hereinafter – BTA), representing 99.4187% of the total number of common shares of BTA. These BTA shares were sold to the following KKB shareholders: Mr. K. Rakishev– 299,211,380,223 shares (or 49.18% of BTA shares sold) Mr. N. Subkhanberdin – 299,211,380,223 shares (or 49.18% of BTA shares sold) Minority shareholders of KKB – 9,951,841,920 shares (or 1.64% of BTA shares sold). After the sale of BTA shares, KKB has ceased to be a shareholder of BTA. These common shares of BTA were sold in accordance with, and within the framework of, the proposal made to KKB shareholders for KZT0.00001 per ordinary share. Contact: Aliya Nursipatova, Alma Buirakulova, financial institutions department +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz Larissa Kokovinets, director of PR department +7 (727) 258-54-56, E-mail: pr@kkb.kz unquote [2016-02-02]