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DGAP-Regulatory: Kazakhstan Kagazy PLC: announces suspension of listing
Kazakhstan Kagazy PLC / Temporary Suspension
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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: | Этот адрес электронной почты защищен от спам-ботов. У вас должен быть включен JavaScript для просмотра. |
| 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 |