Jsc Halyk Reg S Regulatory News (HSBK)

8 Oct 2009 11:40



8 October 2009

Joint Stock Company 'Halyk Savings Bank of Kazakhstan'

Completion of common share placement 

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) hereby gives notice that it intends to complete placement of 67,533,545 authorized but unplaced common shares (the "Shares"). 

The Shares were authorized by an Extraordinary General Shareholders Meeting of the Bank on 19 December 2008 pursuant to the Memorandum of Understanding signed among the Government of Kazakhstan, the Agency for Regulation and Supervision of Financial Market and Financial Organizations, the National Bank of Kazakhstan, JSC Sovereign Wealth Fund Samruk-Kazyna ("Samruk-Kazyna"), JSC Holding Group ALMEX, and the Bank on 1 December 2008. 

The Shares were offered for purchase on a pre-emptive basis to existing shareholders, including holders of global depository receipts representing the Bank's common shares ("GDRs"), as part of the global offering of 326,673,000 common shares (equivalent to 81,668,250 GDRs) ("Global Offer") from 20 February to 24 March 2009 (the "Pre-emption Period") at a price of KZT 102.02 per share (equivalent to USD 2.75 per GDR at the then current exchange rate). 

After the Pre-emption Period, 259,064,909 common shares (equivalent to 64,766,227 GDRs) from the Global Offer were placed with Samruk-Kazyna at a price of KZT 104.03 per share (equivalent to USD 2.75 per GDR at the then current exchange rate) (the "Placement Price") for a total consideration of KZT 26.9 billion. 

The Shares represent authorized but unplaced common shares from the Global Offer which the existing shareholders, including holders of GDRs, waived their rights to purchase on a pre-emptive basis during the Pre-emption Period.

As part of the Bank's capitalization program launched at the beginning of 2009 the Shares will be placed at the Placement Price in Kazakhstan in accordance with the legislation of the Republic of Kazakhstan and the internal procedures of the Bank. The placement of the Shares will complete the 2009 capitalization program for the Bank and will also satisfy the requirements of Kazakhstan law with regard to authorized but unplaced shares.

This announcement is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to subscribe for, any securities. This announcement is not a commitment to sell any securities or enter into any transaction.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein (the "Securities") have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). The Securities may not be offered or sold in the United States. There will be no public offer of the Securities in the United States. 

No action has been taken which would permit an offering of any Securities in any jurisdiction other than Kazakhstan.

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