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Kazkommertsbank and Kenes Rakishev announce results of the BTA Bank common shares buyback

23.09.2014 10:58:50

23 September 2014, Almaty - Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia ("the Bank"), and private entrepreneur Mr. Kenes Rakishev announce the completion of the buyback of common shares of BTA Bank ("BTA"), which was announced on 29 July 2014 in accordance with Kazakh legislation.

As a result of the buyback, 11,783,301,082 common shares were purchased from minority shareholders of BTA at the price of 0.24162 tenge per common share. Of this, 11,777,418,751 common shares have been purchased by the Bank and 5,882,331 common shares have been purchased by Mr. Rakishev.

In accordance with earlier agreements, the common shares of BTA that have been purchased from the minority shareholders will be equally split between the Bank and Mr. Rakishev at the same price (0.24162 tenge per common share).

It is expected that upon registration of all transactions, there will be the following shareholding structure of BTA:

Shareholders

Prior to purchase

After purchase

Expected shares

after re-distribution

of purchased common shares

Number

Share

Number

Share

Number

Share

Kazkommertsbank

298 295 649 240

46.5%

310 073 067 991

48.33%

304 187 299 781

47.415%

Kenes Rakishev

298 295 649 240

46.5%

298 301 531 571

46.5%

304 187 299 781

47.415%

Samruk-Kazyna*

27 351 461 050

 4.26%

27 351 461 050

4.26%

27 351 461 050

4.26%

Minority shareholders

17 553 118 580

 2.74%

5 769 817 498

0.91%

5 769 817 498

0.91%

Total:

 

100%

 

100%

 

100%

 * shares of BTA owned by Samruk-Kazyna were transferred to trust management of KKB with voting rights.
Media enquiries:
Kazkommertsbank

Aliya Nursipatova, Investor Relations
Alma Buirakulova, Investor Relations
Tel.: +7 (727) 258-51-25

E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director, Public Relations
Tel.: +7 (727) 258-54-56
E-mail: pr@kkb.kz