Last checked at 22 Nov 2011 09:34
22 November 2011
Press release
on buy-back of part of preferred shares in the open market
Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) announces its intention to offer to buy back in the open market a part of issued preferred shares and preferred shares convertible into common shares of the Bank (the "Shares") at a price in the range from KZT 140 to KZT 145 per one Share for the total amount up to KZT 20 billion (the "Share buy-back").
The Share buy-back will be conducted through the Kazakhstan Stock Exchange in accordance with the legislation of the Republic of Kazakhstan. The Share buy-back will not constitute an execution of the option agreement on buy-back of preferred shares between Samruk-Kazyna and the Bank. The terms of the Share buy-back will be announced in due course.
JSC Halyk Finance is appointed to act as the financial advisor in relation to the Share buy-back.
About Halyk Bank
Halyk Bank is one of Kazakhstan's leading financial services groups and a leading retail bank with the largest customer base and distribution network among Kazakhstan banks. The Bank is developing as a universal financial group offering a broad range of services (banking, pensions, insurance, leasing, brokerage and asset management) to its retail customers, small and medium enterprises and corporate clients. As at 30 September 2011, Halyk Bank had total assets of KZT 2,240 billion and shareholders' equity of KZT 301 billion.
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Disclaimer
This announcement does not, and is not intended to, constitute or contain an offer to sell or a solicitation of an offer to purchase the Shares.
For further information please contact:
Halyk Bank
Assel Atinova Head, Financial Institutions |
+7 727 259 04 30 |