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Buy-back of preferred shares from Samruk-Kazyna

5th Jul 2012 11:31

RNS Number : 0085H
JSC Halyk Savings Bank Kazakhstan
05 July 2012
 



5 July 2012

 

Press-release

in relation to buy-back of preferred shares

from Samruk-Kazyna

 

 

 

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank") (LSE: HSBK) announces early buy-back of its 40,000,000 preferred shares from Joint Stock Company "Sovereign Wealth Fund "Samruk-Kazyna" ("Samruk-Kazyna") at a price of KZT 180.21 per share for the total amount of KZT 7.2 billion (the "Buy-back") on 5 July 2012.

 

Earlier, on 29 June 2012, Halyk Bank has already bought back its 150,000,000 preferred shares from Samruk-Kazyna for the total amount of KZT 27 billion.

 

The Buy-back was executed in accordance with the terms and conditions of the option agreement in relation to preferred shares of Halyk Bank (the "Option") signed on 22 April 2009 between Samruk-Kazyna and Joint Stock Company Holding Group Almex ("Almex"), the major shareholder of Halyk Bank. As announced previously Halyk Bank purchased the Option from Almex.

 

As a result of buy-back of preferred shares, shareholders holding not less than 5% of total shares outstanding (on consolidated basis) as at 5 July 2012 are the following:

 

Name

Total number of

shares owned

Total shares

owned as % of

total shares

outstanding (on

consolidated

basis)

Common shares

owned

 

Common shares

owned as % of

common shares

outstanding (on

consolidated

basis)

Preferred shares

owned

Preferred

shares owned as

% of preferred

shares

outstanding (on

consolidated

basis)

JSC Holding

Group ALMEX

755,997,382

59.8%

755,997,382

69.4%

-

-

JSC Accumulated

Pension Fund of

Halyk Bank

162,851,804

12.9%

66,136,771

6.1%

96,715,033

55.1%

held through GDR

program (ISIN:

US46627J3023,

US46627J2033)

249,622,388

19.7%

249,622,388

22.9%

-

-

Total issued

1,698,500,612

-

1,308,415,960

-

390,084,652

-

held as treasury stock (including Halyk Bank and its subsidiaries)

(433,402,771)

-

(218,839,252)

-

(214,563,519)

-

Total outstanding

(on consolidated

basis)

1,265,097,841

100%

1,089,576,708

100%

175,521,133

100%

 

Buy-back price for preferred shares from Samruk-Kazyna was determined in accordance with the terms and conditions of the Option, which contemplates a holding period return of 9.5% p.a. to Samruk-Kazyna, including dividends paid.

 

Should Halyk Bank decide to reissue treasury shares it would follow standard issue procedures in accordance with the law of the Republic of Kazakhstan, including the offering of shares to existing shareholders on preemptive basis.

 

- ENDS-

 

For further information please contact:

 

Halyk Bank

 

Assel Atinova

Head, Financial Institutions

 

 

 

+7 727 259 04 30

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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