- Press Releases
- Media Coverage
- Events
- News Room
- Press Materials
Halyk Bank plans placement of GDR
Almaty, February 10 2009
Kazakhstan's commercial Halyk Bank plans to place global depository reciepts (GDR).
"JSC Halyk Savings Bank of Kazakhstan announces that on February 13, 2009 it will hold the meeting of the bank's Board of Directors, the agenda of which includes the issue on making the decision on placement of the Bank announced common shares, including through the issue and placement on the territory of foreign countries of global depository reciepts (GDR)," the bank said in a Monday press statement.
According to the statement, the assumed ratio of the number of being placed shares and GDR to the number of placed shares and GDR makes up 1 to 3.0000032050399.
In case of making such decision, the shareholders registers fixing date for implementation of the first option is February 13, 2009.
All terms of the Bank announced shares placement (the number of shares being placed, placement price, etc.) are liable to approval by the Bank Board of Directors.
Halyk Bank is listed on the Kazakhstan Stock Exchange and London Stock Exchange.
In the first half of 2008 Halyk Bank was ranked 15th by assets among the CIS banks and 3rd among the Kazakh banks in the Interfax-1000: CIS Banks ranking prepared by the Interfax Center of Economic Analysis.