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JSC Kazkommertsbank (KKB)

JSC Kazkommertsbank

CAIC trust management
RNS Number : 6427R
JSC Kazkommertsbank
30 June 2015
 



 

Kazkommertsbank announces changes in voting common shares held by JSC Central Asian Investment Company

 

30 June 2015, Almaty, Kazakhstan - JSC Kazkommertsbank ("the Bank" or "KKB"), one of the largest banks in Kazakhstan and Central Asia, today announces changes in a number of common shares carrying voting rights, which are owned by the Bank's major shareholder, JSC Central Asian Investment Company ("CAIC"). CAIC owned 186,561,734 common shares of KKB (23.27%) and an additional 56,324,076 common shares carrying voting rights (7.06%) were transferred to trust management under the agreement signed in 2009 with Samruk-Kazyna ("the Fund") as part of the government stabilisation programme.  

Under the agreement between the Fund and CAIC, trust management was due to be in force until either May 2017 or the completion of the integration of KKB and JSC BTA Bank ("BTA"), whichever comes first. Since the integration of KKB and BTA has now been completed, the trust management agreement in respect of 7.06% of KKB's common shares between CAIC and the Fund was terminated effective from 26 June 2015.

To ensure CAIC retains a share of at least 25% in KKB, Mr. N. Subkhanberdin has transferred 43,081,009 common shares (5.4%) to be managed in trust by CAIC effective from 26 June 2015. As a result, CAIC has voting rights for 28.67% of KKB's common shares.

CAIC's shareholders include Mr. N. Subkhanberdin, who holds an 87.21% share, and member of the Bank's Board of Directors Ms. N. Zhussupova, who owns a 12.79% share. 

 

As a result of this transaction, KKB's common shareholding structure is as follows:

JSC Central Asian Investment corporation (CAIC):

185,561,734

23.27%

shares

Including the shares received under trust agreement from Mr. Subkhanberdin (43,081.009 shares), the total controlled number of common shares is 228,642,743 (the total share - 28,67%)

Subkhanbrerdin N,S.:

91,121,042

11.42%

shares

Including the shares, held indirectly through CAIC, the total share is 31.71%

Rakishev K.K.

185,322,663

23.24%

shares


JSC Alnair Capital Holding (Alnair)

223,922,790 

28.08%

GDRs and shares


JSC Sovereign Wealth Fund "Samruk Kazyna"

85,517,241

10.72%

shares


Minority shareholders

26,061,757

3.27%

GDRs and shares


TOTAL placed shares

797,507,2273

100%



1 These percentage holdings were calculated based on the direct holding of each shareholder out of the total number of common shares outstanding.

2 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 Bank's general shareholders' meetings).

3 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. 

Contacts:
Aliya Nursipatova, Alma Buirakulova, Financial Institutions

+7 (727) 258-51-25, E-mail: investor_relations@kkb.kz

 

Larissa Kokovinets, Director, Public Relations

+7 (727) 258-54-56, E-mail: pr@kkb.kz 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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