KASE to Increase Its Authorized Capital
OREANDA-NEWS. November 03, 2010. Kazakhstan Stock Exchange (hereinafter - Exchange) informs its shareholders that the Exchange's Board of Directors decided to increase the Exchange's authorized capital by KZT315,095,000.00 in order to comply with regulatory requirements of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) as for the minimum size of authorized capital. Creation of own reserve funds on the futures market and implementation of settlements under T+3, as well as purchase of fixed assets (server equipment, licensed software, office equipment etc.), reported the press-centre of KASE.
According to requirements set in Article 16 of the Law of the Republic of Kazakhstan "On Joint-stock Companies", the Exchange suggests that its shareholders purchase common shares of the Exchange to exercise their right to preferred purchase.
Following the regulations set by the Rules for Executing Rights of Shareholders of Joint-stock Companies for Preferred Purchase of Securities approved by Resolution # 151 of August 12, 2010 by FSA Board (hereinafter - Rights), the Exchange notifies its shareholder on the following:
1. the number and types of placed securities - 85,000 common shares of Exchange;
2. ratio of placed securities' number (excluding those bought back by KASE) to the number of being placed (sold) securities - 459,999 : 85,000 (5 : 1);
3. Exchange's shareholders enjoying that capacity as at 00.00 o'clock on November 1, 2010 - date of publication of the offer on Exchange's website, use their right to preferred purchase of Exchange's shares in proportion to the number of Exchange's shares in their holding;
4. placement price - KZT3,707 per common share;
5. KASE shareholders can submit orders for securities purchasing at: Republic of Kazakhstan, 050020, Almaty, 291/3а, Dostyk Ave.
6. Surnames, names, contact details of persons communicating with Exchange's shareholders with regard to their purchase of offered securities according to their right for preferred purchase of these securities – Galina Novikovskaya, Viktoria Grebneva (tel. (727) 237 60 04, 237 53 17, address: Almaty, Dostyk Ave, 291/3а, 4th floor, office 406.
The term during which the shareholders can purchase offered Exchange's securities according to their right for preferred purchase - 30 calendar days from the day of publication of this offer (until November 30, 2010 inclusive).
If Exchange's shareholders intend to use their right for preferred purchase of Exchange's offered common shares, they need to apply in writing to the above-mentioned address in due time.
On August 25, 2008, the FSA registered amendments to the Exchange's shares issue prospectus and replaced the certificate of state registration of the Exchange's shares issue. According to the named certificate, the total number of offered Exchange's shares makes up 5,000,000 common shares KZ1C10030019. The shares issue has been entered in to the State Register of Emissive Securities under # А1003. As of October 1, 2010, Exchange's 459,999 shares have been placed.
Details on shares and their issuer is published on KASE website at http://www.kase.kz/en/page/for_shareholders
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