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DGAP-Regulatory: Kazakhstan Kagazy PLC: announces suspension of listing
Kazakhstan Kagazy PLC / Temporary Suspension
Dissemination of a Regulatory Announcement, transmitted by
EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Kazakhstan Kagazy PLC (the 'Company') has requested the UKLA to suspend the
listing of the Company's GDRs. Suspension has taken effect from prior to the
commencement of trading on 30 April 2014.
The Company has made this request on the grounds that the publication of its 2013
annual report and audited accounts will be delayed until further notice. This
delay has been caused by the failure of the Almaty-region Financial Police to
return essential financial and corporate documents, which were extracted from the
Kagazy Group's corporate headquarters in December 2013. Without access to these
documents, the Group's auditors are unable to complete their work. The Financial
Police have refused the Company's requests to return the documents, despite the
cancellation on 1 April 2014 of 7 financial police investigations into Kagazy
Group companies.
The Company has escalated its complaints regarding the retained documents to the
General Procurator of the Republic of Kazakhstan, in the hope that he will be able
to expedite the release of the Group's documents and, thereby, the publication of
the Company's annual accounts. Once the documents are returned and the audit
completed, the Company will request suspension of its listing to be cancelled.
Contact:
Sadyr Shaguzhaev
IR department
Tel.: +7-727-244-0208
30.04.2014 EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: |
English |
Company: |
Kazakhstan Kagazy PLC |
33-37 Athol Street |
IM1 1LB Douglas |
Isle of Man |
Phone: |
+7-727-244-87-87 |
Fax: |
+7-727-244-87-82 |
E-mail: |
This email address is being protected from spambots. You need JavaScript enabled to view it.
|
Internet: |
www.kazakhstankagazy.com |
ISIN: |
US48667M2035 |
Listed: |
London |
Category Code: |
SUS |
TIDM: |
KAG |
Sequence Number: |
2027 |
Time of Receipt: |
Apr 30, 2014 11:10:37 |
End of Announcement |
EquityStory.RS, LLC News-Service |