OREANDA-NEWS. Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release:

"Mr. Kenges Rakishev announces purchase of common shares of JSC Kazkommertsbank from the shareholders subject to the Offer announcement made on 6 May 2016 in accordance with p. 3 of Article 25 of the Law of the Republic of Kazakhstan "On Joint Stock Companies".

As a result of the Offer, based on received applications and orders, Mr. Rakishev purchased 648,120 common shares of Kazkommertsbank from minority shareholders at price of 211.4978 KZT per one common share".