Announcement of GDR
Repurchase Programme
Halyk Bank of Kazakhstan Joint Stock
Company ("Halyk Bank" or
the "Bank") announces the
commencement of a repurchase programme of its global depositary
receipts (ISIN (Reg.S) US46627J3023, ISIN
(144A) US46627J2033) (the "GDRs"), following the decision of the Board of Directors of the Bank on 16
September 2024. The programme will cover up to
USD 50 million and aims to optimize the Bank's capital
structure (subject to the thresholds indicated below).
Under this programme, Halyk
Bank has instructed Citigroup Global Markets
Limited ("Citi") to act as
riskless principal for the purchase of GDRs, with each GDR
representing 40 common shares in the share capital of Halyk Bank
(i.e., GDR ratio 1:40). Citi will purchase these GDRs on behalf of
the Bank for an aggregate purchase price
not exceeding USD 50 million and will on sell the GDRs
back to Halyk Bank. At the same time, the total number of GDRs to
be repurchased will not exceed 1% of the total number of issued
common shares of the Bank, taking into account the aforementioned
GDR ratio (1:40) and the total repurchase amount of USD 50
million.
All purchases will be executed in
accordance with the rules of the relevant exchanges and comply with
applicable securities market regulations to prevent market
abuse.
The repurchase programme will
commence on 18 September 2024 and end no later than 18 September 2025 (but subject to the
above thresholds and limits).
This announcement does not
constitute, or form part of, an offer or any solicitation to buy or
sell securities in any jurisdiction.
LEI number
213800NYDTVQM4SDUD67
About Halyk
Bank
Halyk Bank is the leading financial
services group in Kazakhstan, with a diversified presence across
retail, SME, and corporate banking, as well as insurance, leasing,
brokerage, asset
management and lifestyle services. Halyk Bank has been listed on
the Kazakhstan Stock Exchange since 1998, the London Stock Exchange
since 2006, and the Astana International Exchange since
2019.
As of 30 June 2024, Halyk Bank had
total assets amounting to KZT 16,749.9bn, making it the largest lender in Kazakhstan. The Bank boasts
the country's largest customer base and the most extensive branch
network, with 568 branches and service outlets across nationwide.
Additionally, the Bank operates in Georgia and Uzbekistan.
Please refer to https://halykbank.com/about/
for further
information on Halyk Bank
-
ENDS-
For
further information, please contact:
|
Halyk Bank
|
|
|
Mira
Tiyanak
|
+7 727 259 04
30
MiraK@halykbank.kz
|
|
Nurgul Mukhadi
|
+7 727 330 16 77
NyrgylMy@halykbank.kz
|
|
Rustam Telish
|
+7 727 330 15 66
RustamT3@halykbank.kz
|
