JSC Kazkommertsbank announces closure of offering its common shares
«15» November 2017, Almaty – JSC Kazkommertsbank (hereinafter - Bank) announces closure of offering its 700 716 450 common shares (NIN KZ1С00400016), within the amount announced for offering.
On 09 October 2017, Bank announced offering of common shares among its shareholders and proposed them to use their preemptive rights under the conditions specified in the decision made by the Bank’s Board of Directors.
Totally, 9 applications in the amount of 544 817 common shares, at the price of KZT 93,19 per one share have been submitted by Bank shareholders. These shares will be delivered into the applicants’ possession as soon as they fully pay for the shares.
On 14 November 2017, Bank announced on decision of the Bank’s Board of Directors to offer the Bank’s 700 171 633 common shares, which remained unoffered after the shareholders’ use of their preemptive rights, among unlimited number of investors.
As a result of applications collected, the application of JSC ALMEX Holding Group, which was submitted in compliance with conditions specified by the Board of Directors, was satisfied for acquisition of 700 171 633 common shares at the price of KZT 93,19 per 1 share, to the total amount of KZT 65,2 bn.
As a matter of such acquisition, the participating interest of JSC ALMEX Holding Group in the authorized capital of JSC Kazkommertsbank equaled 25,05% of the Bank’s common shares offered.
By entering into the deal above, the Bank has closed offering of common shares, which were previously announced for offering.
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