28.09.2015, 16:41
Kazkommertsbank announces termination of Trust Deed to manage common shares KZ1C34920013 (KZ000A0KFFC1, BTAS) of BTA Bank due to buyback
OREANDA-NEWS. Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
"...Kazkommertsbank JSC (KKB) announces the termination of the Trust Deed to manage 4.26% of shares of BTA Bank JSC (BTA) in connection with their buyback by the issuer – BTA.
Trust Deed to manage shares of BTA was signed between KKB as a trustee and National Welfare Fund Samruk-Kazyna JSC as the trustor on January 31, 2014 in the framework of KKB and BTA integration project.
The deed was terminated in connection with the completion of the buyback by BTA as the issuer of its 27,351,461,050 common shares (4.26%) from the Fund Samruk-Kazyna (Fund)".
"...Kazkommertsbank JSC (KKB) announces the termination of the Trust Deed to manage 4.26% of shares of BTA Bank JSC (BTA) in connection with their buyback by the issuer – BTA.
Trust Deed to manage shares of BTA was signed between KKB as a trustee and National Welfare Fund Samruk-Kazyna JSC as the trustor on January 31, 2014 in the framework of KKB and BTA integration project.
The deed was terminated in connection with the completion of the buyback by BTA as the issuer of its 27,351,461,050 common shares (4.26%) from the Fund Samruk-Kazyna (Fund)".
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