OREANDA-NEWS. March 18, 2011. Kazakhstan Stock Exchange (KASE) reminds that additions and changes # 1 were made to KASE internal document "Listing Rules", reported the press-centre of KASE.

The draft of additions and changes has been developed by KASE jointly with the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Centre of Almaty to encourage issuers planning IPO on KASE.

The mentioned changes and additions stipulate among other things preferences on payments of listing fees for companies that seek admission to KASE official list to effectively conduct an IPO, provided the companies meet the following conditions:

- offered shares are included into KASE official list for the first time, with the purpose of making an IPO;

- shares offering is carried out on KASE using one of "open trades" methods;

- raised funds as a result of an IPO, which is to be carried out within six calendar month after the Listing Commission approved admission of given shares into the official list, should not be less than equivalent of 1,000,000 Monthly Calculation Indices

- during an IPO at least 50 investors should buy the offered shares;

- after an IPO the number of shares in free-float must not be less than 10 % of the total number of shares of the listed company which initiated the IPO (except for shares bought back by the issuer, those pledged or blocked).

Once the above-mentioned requirements have been met, the admission initiator is freed from paying the initial and the first annual listing fee.

Besides, KASE took on responsibilities on extended information support for listed companies during their IPOs on KASE.

As was informed earlier, on August 13, 2010 by KASE Board decision was defined the procedure of information support for companies making IPO in KASE.  Information support may include the following events, organized and conducted by KASE free of charge with the use of Exchange's available resources, those of the issuer and his financial advisor:

- Arranging and conducting a presentation of the shares issuer before representatives of interested parties, apart from mass-media (not more than 30 participants);

- Arranging and conducting a briefing for mass-media representatives involving KASE representative, the shares issuer himself, and/or his financial advisor;

- Creating a link in the mentioned section and putting therein information and feed on KASE events related to IPO on KASE (e.g. issuer's presentation, briefing for mass-media etc.), with a site news on each publication;

- Issue of a standard KASE news upon request to conduct special trades not more often than twice a week for not longer than one month and on the day before each trade;

- Arrangement and conducting of "Company day on KASE", including:

  - Issue of special feed on the offered shares' issuer on form of KASE news during a whole working day or an agreed period thereof with a certain time interval;

  - Publishing marketing data of the shares' issuer in section "Issuers" of KASE website, related to that issuer with each publication announced in KASE news;

  - Putting an ad banner on KASE website with a link to agreed content or an Internet page.

The particular list of events, their details of conducting, forms and methods and information support methods are subject to agreement to be made between KASE, the issuer and/or his financial consultant.

The text of the Listing Rules is available on KASE website, at http://www.kase.kz/files/normative_base/listing_rules_eng.pdf

Procedure for information support is published on KASE website, at http://www.kase.kz/files/normative_base/kase_ipo.pdf