OREANDA-NEWS. November 12, 2010. Kazakhstan Stock Exchange (KASE) based on received documents informs on selling terms of Kazakhstan Innovative Commercial Bank (Almaty) state block of shares (SBS) in the KASE trading system, reported the press-centre of KASE.

Trades initiator - the Committee on State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan (the Committee).

Authorized sales broker - the company CAIFC (Almaty).

SBS characteristics

SBS consists of 7,000 common shares KZ1C35450010, issue of which in the quantity of 500,000 units is registered by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations on May 29, 2009 under number А3545.

Lot restrictions

SBS is traded as the single lot in the size of 7,000 shares under code NZ_INBN.

Guaranteed fee

As previously informed, to participate in trades a potential buyer must transfer to the KASE correspondent account before trades start a guarantee fee in the size of 10 % from shares face value or KZT7,000,000.00: correspondent account KZ86125KZT1001300137 in Monetary Transactions Department of the National Bank of the Republic of Kazakhstan, BIC NBRK KZ KX, BIN 931240000220, TRN 600200049149, Kbe 15, payment code - 171 (GROSS-system).

Trades mode

SBS shall be traded on KASE by continuous counter auction method from November 8 to December 30, 2010, daily from 11:30 a.m. to 17:00 p.m. Almaty
time.

Shares are quoted accurate within the second decimal of the share price in Kazakhstan tenge.

The trades order is regulated by the KASE internal document "Regulations on Trading Methods", available on KASE website at http://www.kase.kz/files/normative_base/methods_eng.pdf

Settlements

Settlements by trades results will be made in compliance with article 7 of the KASE internal document "State Blocks of Shares. Order of Admittance to Sale on Trades and Settlements based on Trades Results", available on KASE website at http://www.kase.kz/files/normative_base/gpa_eng.pdf

According to this document a deal amount, excluding the KASE commission and previously transferred guarantee fee (that before trades is entered by a potential buyer to a correspondent account), must be entered by a SBS buyer to the correspondent account in Central Securities Depository (Almaty) account during seven working days from the day of its conclusion.

Additional information

Applications to participate in trades can be submitted only by KASE stock market category members. Investors may apply through these legal entities. The full list of such members is available on KASE website at http://www.kase.kz/en/membership

The Committee does not set for investors and limits, which means that shares at trades can be bought by any legal entity or individual - a resident or non-resident of the Republic of Kazakhstan.