/KASE, August 10, 2017/ – Kazkommertsbank (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release:
quote
On 10 July 2017 Halyk Savings Bank of Kazakhstan Joint Stock Company ("Halyk Bank")
launched a mandatory tender offer to purchase any and all of Kazkommertsbank Joint
Stock Company's (the "Company") outstanding common shares, preference shares, and
extended such tender offer to the global depositary receipts representing such
common shares ("Ordinary GDRs") and global depositary shares representing such
preference shares ("Preference GDRs", together with the Ordinary GDRs, the "GDRs")
upon the terms and subject to the conditions set forth in a tender offer memorandum
dated 10 July 2017 (the "Tender Offer Memorandum").
Capitalised terms used and not otherwise defined in this announcement have the
meanings given in the Tender Offer Memorandum.
The Company hereby informs the GDR Holders that Halyk Bank has accepted
for purchase the validly tendered GDRs at the relevant Purchase Price as set
forth in the table below:
------------------------------------------------------------------
GDR Number of GDRs Purchase Price Total Purchase
per GDR (US$) Price (US$)
--------------------- -------------- -------------- --------------
Regulation S Ordinary 3,081,522 0.86 2,650,108.92
GDRs
(CUSIP: 48666E608)
(ISIN: US48666E6086)
--------------------- -------------- -------------- --------------
Regulation S 14,655,549 0.43 6,301,886.07
Preference GDRs
(CUSIP: 48666E301)
(ISIN: US48666E3018)
------------------------------------------------------------------
On or prior to 14 August 2017, Halyk Bank will remit the aggregate Purchase
Price in U.S. dollars, converted from KZT at the Exchange Rate, to the Tender
Agent. On the Settlement Date, and upon receipt of the Purchase Price, the
Tender Agent will transfer the Purchase Price to the Clearing Systems in
accordance with the terms of the Tender Offer Memorandum for further distribution
to GDR Holders whose GDRs have been accepted for purchase in the Tender Offer,
net of any taxes and other government charges. The relevant Purchase Price,
subject to any taxes and other government charges, shall be paid to tendering
GDR Holders through the procedures of the relevant Clearing System.
unquote
The full press release is available on KASE website –
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_100817.pdf
[2017-08-10]