AIM Will Be Removed from Participation in Securities Trading on KASE
OREANDA-NEWS. Due to recent multiple violation by Almaty Investment Management (Almaty) of its obligations on exchange deals made the Board of Kazakhstan Stock Exchange (KASE) on January 14, 2009 decided to remove the mentioned company from participation in securities trading (except this participation for closing of previously opened repo transactions) in case of non-fulfillment by the company of in the full volume of obligations on payment of forfeits to aggrieved parties in the size, established by KASE internal documents, reported the press-centre of KASE.
Such removal will be made from the first working day upon expiry of the period, established in compliance with item 14 of the KASE internal document "Regulations on Arguments and Conflicts Resolution Procedures and the Exchange Arbitration Commission" for implementation of the last of mentioned obligations.
The decision has been made by KASE Board in compliance with sub-items 2) and 4) of item 27 of the KASE internal document "Regulations of Membership".
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