REG - JSC Halyk Bank JSC Halyk Bank-37QB - Announcement of GDR Repurchase Programme

Halyk Bank AOAnnouncement

18/09/2024 07:15

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RNS Number : 6635E  JSC Halyk Bank  18 September 2024

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/ (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

 

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