2nd Apr 2009 09:35
2 April 2009
Joint-stock company "Sovereign Wealth Fund "Samruk-Kazyna" purchased 20.91% of common shares of JSC "Halyk Bank"
On 27 March 2009, Joint-stock company "Sovereign Wealth Fund "Samruk-Kazyna" (the "Fund") purchased 259,064,909 common shares of JSC "Halyk Bank" ("Halyk Bank" or the "Bank") for KZT 27 billion. As a result of this transaction, the Fund owns 20.91% of the Bank's total number of placed common shares (or 26.4% of the Bank's total number of common shares placed before the transaction). Placement of shares to the Fund has been made within a public offering by the Bank of 259,064,909 common shares in Kazakhstan.
The sale of the Bank's common shares to the Fund followed the placement of the Bank's common shares on a pre-emptive basis among its shareholders, including holders of global depositary receipts representing the Bank's common shares (the "GDRs"). There have been issued 16,112 GDRs, which have been admitted to the official list of the UK Listing Authority and to trading on the London Stock Exchange.
Placement of common shares has been made in accordance with the previously signed agreements between Halyk Bank and the Fund in relation to realization of joint measures aimed at supporting growth of the real sector of Kazakhstan economy as part of the Government's stabilization program. According to these agreements, the Fund planned to participate in Halyk Bank's capital for up to 25% of common shares.
Furthermore, pursuant to the agreements, the Bank plans to receive additional funding from the Fund in the amount of KZT 33 billion through the sale of its preferred shares within the next 2 months. Thus, the overall increase in the Bank's capital would amount to KZT 60 billion.
Halyk Bank is the first Kazakhstan bank to comply with all necessary procedures under Kazakhstan law, as well as requirements of London Stock Exchange and Kazakhstan Stock Exchange, for the Fund to participate in the Bank's capital.
As of 30 March 2009, after the placement of the Bank's common shares, the new structure of shareholders who own not less than 10% of the Bank's placed shares was as follows:
|
№ |
Name |
Shares owned as a % of total common shares placed |
|
1 |
JSC «Holding Group «ALMEX» |
54.37% |
|
2 |
JSC «Samruk-Kazyna» |
20.91% |
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, small and medium enterprises and corporate customers. As at 30 September 2008, Halyk Bank had 706 outlets, 1,665 ATMs and 4,114 POS terminals.
Being one of the largest banks in Kazakhstan, Halyk Bank actively participates in realization of the Government's stabilization program. In the first decade of March 2009, Halyk Bank received KZT 24 billion for refinancing of mortgage loans and KZT 11.7 billion for lending to SMEs from the Government of Kazakhstan.
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For further information please contact:
|
Halyk Bank
Zhanara Aikimbayeva Director, International Department Assel Atinova Head, Financial Institutions |
+7 727 259 07 96 +7 727 259 04 30 |
Related Shares:
Jsc Halyk Reg S