Kazakh Kazkommertsbank offers common shares to investors
Baku, Azerbaijan, Feb. 27
By Elena Kosolapova - Trend:
Kazakh Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, announced the offering of its common shares to all interested investors.
The subscription period for the Bank's existing shareholders to exercise their pre-emptive rights to purchase new Kazkommertsbank's common shares ended on 30 January 2015.
From the common shares not purchased by existing shareholders within their pre-emptive rights, 20 percent shall be offered via direct trades at Kazakhstan Stock Exchange not later than 5 March 2015.
The bank plans to place not more than 127,777,704 common shares. The offer price is 575.2 tenge (185.05 tenge = $1) per common share. The offer price is the same for all investors purchasing the bank's common shares during this placement.
The payment should be made within 10 calendar days from the date the application is submitted. Once the payment is received, the bank will process the application and transfer shares to investors.
Other information about the shares is available on the Bank's website www.kkb.kz or by contacting Ms. Mayra Saburova, Corporate Secretary of the bank at the following address: 34 Al-Farabi Ave, 050059, Almaty, Kazakhstan, tel: +7 (727) 2-585-221, email: [email protected]
Investors should submit their applications to purchase till Feb. 27, 6:00 p.m. Almaty time (12:00 p. m. GTM), Feb. 27 to Corporate Secretary Mayra Saburova.
The application forms are available on the Bank's corporate website: www.kkb.kz
Edited by S.I.
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