Results of primary floatation of OJSC "Astana-finance" shares among individuals
/IRBIS, May 26, 00/ - As it was informed earlier, auction for primary offering to individuals of common inscribed shares of OJSC "Astana-finance" (official list of securities, category "B", KZ1C7671418, trade code in regular mode - ASFI) has been held on trade floor of KASE from May 23 to 26.
Auction was conducted using the means of Internet. The internal network of OJSC "Halyk Bank of Kazakhstan" was used for conduction of more effective offering. A client (potential shareholder) addresses bank's operator who fills all necessary documents (contract, buying order, etc.). Later, operator forms an application and electronically transmits it to the trader who in turn, conducts deal in the trade system of KASE from the remote terminal in Astana. At the same time, the client (person who made an application) could follow trades mode and deal conclusion on the monitor connected to KASE through Internet. Thus, a deal could be made within 10-15 seconds. Whereas, the procedure of registration of all needed documents for deal conduction takes 3-5 minits.
During the implementation stage of this project, all persons interested in the activity of OJSC "Astana-finance" could receive necessary information in the branch-offices of Halyk Bank or using reference telephone line. The company presented financial statements, emission's booklet and own information at sites of shares offering (Head post-office, depository office #62, fifth micro-district of Astana). The consultants of Astana-finance attended all depository offices of Halyk Bank during floatation. They were giving consultation to potential shareholders of Astana-finance. The atmosphere of good-will and transparency contributed to the attraction of new shareholders.
The project has had several goals. KASE, Halyk Bank of Kazakhstan and its branch brokerage company CJSC "Fondovii service" were developing system of retail sales of securities on KASE using internet technologies. The emitter - Astana-finance, - was interested in attraction of new shareholders for future development.
The organizers of the project noted following: Project implementation indicated that trades on KASE are accessible for population. Brokerage companies are able to work with individuals and they should do so, as the money and savings of population are reserves for the development of Kazakhstan economy. Besides of all of this, inhabitants of Astana trust the company.
As a result of floatation of Astana-finance shares through branches of Halyk Bank of Kazakhstan, 345 persons have gotten a status of shareholders (at 11.00 a.m., May 26). Total number of sold shares is 463.
Total four days volume of sold shares is 548 on the sum of KZT548 th. Thirty-nine deals were concluded. All transactions were conducted at nominal price of a share - KZT1000.00.