OREANDA-NEWS. February 10, 2011. Kazakhstan Stock Exchange (KASE) informs that  on February 16, 2011 in the KASE trading system shall be held specialized  trades to sell common shares KZ1C24600013 (KASE official list second  category, MREK) of Mangistau Electricity Distribution Network Company (Aktau), reported the press-centre of KASE.
                                              
Subsidiary of Joint Stock Company BTA Bank BTA Securities (Almaty) shall act as a seller at specialized trades.

As of January 1, 2011, the total volume of authorized and offered common shares of Mangistau Electricity Distribution Network Company makes up 2,011,016 units, including bought back by the issuer 20,411 units. Stated sales volume makes up 1,580,467 shares (78.6 % from the total number of offered common shares).

The minimum lot at trades is set in the size of 1,580,467 shares.

Specialized trades in the KASE trading system shall be held from 11:30 a.m. to 12:30 p.m. Almaty time (ALT) on February 16, 2011. MREKA is the security code at trades. The seller shall define a cut-off price till 12:00 p.m. ALT on February 17, 2011. Settlements shall be made on February 17, 2011 (Т+1) in compliance with the KASE internal documents and Central Securities Depository rules

The securities potential buyer must till 11:00 a.m. ALT on February 16, 2011 enter in the KASE correspondent account the guarantee fee in the size of KZT340,000,000.

The guarantee fee is used for payment of bought securities. If the guarantee fee does not cover the deal amount, a buyer must enter in the KASE correspondent account the remaining funds in return for bought securities till 15:00 ALT of the settlements day.

Only limited orders submitted to the KASE trading system in the closed method shall be accepted.

As the price the order will indicate a share price in the tenge within the second decimal place. The number of financial instruments in the order must be equal to the number of selling shares. The order volume must be equal to a product of selling shares and one share price.

Purchasing orders satisfaction method - at a started price.

Only KASE stock market members may take part in the trades. Other investors may trade through such legal entities.

The full list of stock market members is available at http://www.kase.kz/en/membership

The mentioned shares issue prospectus is available at http://www.kase.kz/files/emitters/mrek/mrekf9_2005.pdf