Shareholder structure
01.10.2009
Kazkommertsbank is a public company, with a proportion of its shares, including most of the free float, listed in GDR form on the London Stock Exchange
Kazkommertsbank is committed to high standards of transparency and corporate governance and regularly announces its shareholder structure to the Kazakhstan and London stock exchanges.
Kazkommertsbank’s shareholding structure at 1 October 2009/ at 1 July 2009
| Shareholder | Number of common shares | Percentage holding 1 | Type of securities | Additional information |
| Central Asian Investment Company (CAIC): | 184 679 013 | 23,72% | Common shares | CAIC’s share of common equity, including those shares owned by Samruk-Kazyna and transferred to CAIC under trust management, is 30.95% |
| Mr. N.S. Subkhanberdin: | 72 570 672 | 9,32% | Common shares | |
| European Bank for Reconstruction and Development (EBRD): | 76 095 329 | 9,77% | Common shares | |
| Other minorities (other than shares held at the Central Depository): | 1 253 620 | 0,16% | Common shares | |
| Central Depository (CD) 2, including: |
444 004 428 | 57,03% | ||
| 1. Samruk-Kazyna National Welfare Fund | 165 517 241 | 21,26% | Common shares | Samruk-Kazyna has transferred 56,324,076 common shares under trust management to CAIC, and 50,208,649 common shares under the trust management to Alnair. |
| 2. The Bank of New York, including: | 273 253 976 | 35,09% | GDRs 3 | |
| 2.1. Alnair Capital Holding (Alnair) | 144 625 896 | 18,58% | GDRs | Alnair’s share of common equity, including those shares owned by Samruk-Kazyna and transferred to Alnair under trust management, is 25.02% |
| 3. Other minorities (within the Central Depositary) | 5 251 211 | 0,68% | Common shares | |
| TOTAL: | 778 603 062 4 | 100% |
1 These percentage holdings were calculated based on the direct holding of each shareholder in the total number of common shares outstanding.
2 The Central Depository is the nominal holder of some of the Bank’s shares. The clients of the Central Depository include, among others, The Bank of New York, which is in turn the nominal holder of the Bank’s GDRs.
3 Global Depository Receipts (GDRs) for which the shares of the Bank are the underlying assets. The Bank of New York serves as the nominal holder of the Bank’s GDRs, and the number of shares in the nominal holding of The Bank of New York reflects the number of common shares currently held in the form of GDRs. The information as to the beneficiary owners of GDRs is not disclosed. According to Kazakh legislation, shares whose ownership is not disclosed are not eligible to vote, and such shares are reflected in the shareholders’ register as “shares in the nominal holding of CD”. GDR holders can at any given time disclose information about themselves to the CD, in which case their shares are eligible to vote from the date when the information was disclosed. (This is usually the completion date for the list of shareholders eligible to vote at the general shareholders’ meetings of the Bank).
4 This number is calculated for each reporting date as the total number of the common shares outstanding, minus the number of common shares bought back by the Bank’s market-maker (based on the requirements of the Kazakhstan Stock Exchange).