KASE to Exclude Securities of Kazchrome from Official List
OREANDA-NEWS. November 30, 2007. We remind that by the decision of the Exchange council of Kazakhstan stock exchange (KASE) dated August 29, 2007 the following securities of Kazchrome Transnational company JSC (Aktobe, TNC Kazchrome JSC) are to be excluded from KASE's official "B" listing category starting from December 2, 2007, reported the press-centre of KASE:
- common shares KZ1C04180010 (trading code - KZCR);
- preferred stocks KZ1P04180116 (KZCRp);
- bonds KZ2CKY05B489 (KZCRb1; KZT100, KZT6,7 bn.; June 19, 06 – June 19, 11, semi annual coupon 6,0% APR, 30/360).
As it was spread earlier, the given decision was adopted on the basis of subparagraph number eight of the paragraph one of the article 20 of the internal document of KASE, Listing rules because of systematical (more than five times) failure to execute the requirements on disclosure of information by TNC Kazchrome JSC. The requirements have been set by resolutions of Executive committee of the Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations (AFS) dated March 15 of 2004 #63 and dated March 30 of 2007 #73, and also by Listing rules.
Common and preferred stocks of Kazchrome JSC have been included in the official category "B" list of KASE since October 16 of 1997. Trades have been opened on them since October 28 of 1997. Over the circulation period of the securities on KASE in the purchase-sale sector, the price of deals, made by open trades method, on KZCR varied from KZT1,00 to KZT31,250.00 per share; the last deal has been concluded on November 27 of 2007 at the price of KZT11,800.00 per share. No deal has been concluded with KZCRp.
In 2006, KZCR took 44th place by the turnover and 38th place by the number of concluded deals in the rating of trading rate of shares in the purchase-sale sector on KASE, over the first ten months of 2007 - 65th and 56th places respectively.
Bonds KZCRb1 were included in the official list of KASE on June 19 of 2006, no trades have been opened on them.
The main activities of Kazchrome JSC are production of ferrous metals, extraction and dressing of ore raw materials for ferrous metals.
More detailed information is published on KASE's web site at:
- http://www.kase.kz/Mix/07_09_06_Press-relis.pdf - press-release of KASE regarding delisting of securities of Aluminum of Kazakhstan JSC and TNC Kazchrome JSC;
- http://www.kase.kz/emitters/scan/kzcr/kzcr_delist.pdf - conclusion of Listing commission of KASE on the possibility of delisting of common and preferred shares Kazchrome JSC;
- http://www.kase.kz/emitters/kzcr.asp - information of the issuer and its securities.
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