9th Feb 2009 15:25
Issue: Halyk Savings Bank of Kazakhstan
Reg S Cusip: 46627J302
Reg S ISIN: US46627J3023
144 A Cusip: 46627J203
144 A ISIN: US46627J2033
Corporate Action Type: Rights Offering - Right to one new GDR (each a "New GDR") for every 3.0000032050399 existing GDRs (each an "Existing GDR") held as of the Record Date
Subscription Price To be announced
Depositary Fee U.S.$0.05 per New GDR subscribed (to be included in Subscription Price)
New GDR Record Date: February 13, 2009
New GDR Pay Date: To be announced
New GDR Subscription Period: To be announced
ORD: GDR ratio 4 common shares: 1 GDR
The Board of Directors of the Bank in its meeting to be held on February 13, 2009 is expected to approve a rights issue for the Bank's common shares (the "Rights Offering"). Subject to such approval, holders of the Existing GDRs held as of February 13, 2009 (the "Record Date") will be eligible to participate in the Rights Offering, subject to the restrictions set out below and detailed in the prospectus to be prepared in connection with the Rights Offering and subject to providing certain information about themselves, on the basis of one New GDR for every 3.0000032050399 Existing GDRs. Instructions and offering material will be forthcoming.
This notice and anything contained herein (i) does not constitute an offer to subscribe for any securities and (ii) should neither form the basis of nor be relied upon in connection with any contract or commitment whatsoever.
IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE BANK, INCLUDING THE MERITS AND RISKS INVOLVED. THIS NOTICE DOES NOT IN ANY WAY CONSTITUTE A RECOMMENDATION TO HOLDERS BY THE DEPOSITARY. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL, STATE OR FOREIGN COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT REVIEWED OR CONFIRMED THE ACCURACY, OR DETERMINED THE ADEQUACY, OF THIS NOTICE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
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THE SHARES AND GDRs HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE ACT"), AND THEREFORE MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE ACT, OR IN A TRANSACTION OTHERWISE EXEMPT FROM REGISTRATION UNDER THE ACT AND IN ANY EVENT IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.
This notice is an advertisement and not a prospectus for the purposes of EU Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive"). A prospectus will be prepared and made available to the public in accordance with the Prospectus Directive and, when published, can be obtained in accordance with the Prospectus Directive. Investors should not subscribe for or purchase any securities referred to in these materials except on the basis of the information contained in the prospectus relating to the New GDRs and subject to the restrictions contained therein.
These materials are not an invitation nor are they intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extent that these materials do constitute an inducement to engage in any investment activity included within this announcement, they are directed only at (i) persons who are outside the United Kingdom, (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial Promotion Order"); (iii) persons who fall within Articles 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") and Article 43(2) of the Financial Promotion Order; and (iv) any other persons to whom these materials for the purposes of Section 21 of FSMA can otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"), and must not be acted on or relied upon by persons other than relevant persons. Any invitation or inducement to engage in any investment activity included within these materials is available only to relevant persons and will be engaged in only with relevant persons. Anyone other than a relevant person must not rely on these materials.
Investors should take note of the further Rights Offering restrictions which will be set out in the prospectus relating to the New GDRs.
No action has been or will be taken that would permit a public offering of the New GDRs in any country or jurisdiction where action for that purpose is required.
For further information, please contact
Zhanara Aikimbayeva
Director of International Department
tel. +7 727 259 07 96
Assel Atinova
Head of Financial Institutions
tel. +7 727 259 04 30
Related Shares:
Jsc Halyk Reg S