OREANDA-NEWS. May 20, 2010. In the trading system of Kazakhstan Stock Exchange (KASE) have ended trades in state block of shares (SBS) of VESNET (Pavlodar), consisting of 235 common shares KZ1C45370018 (23.5 % from the total number of offered shares) of VESNET, reported the press-centre of KASE.

The trades were initiated by the Committee for state property and privatization of the Kazakhstan Finance Ministry; the selling broker was CAIFC (Almaty).

The trades were executed by the continuous counter auction method in compliance with "Regulations of Trading Methods", available on KASE website at http://www.kase.kz/files/normative_base/methods_eng.pdf

SBS trades started on April 2, 2010 under code NZ_VESN_23.5 as an indivisible lot. The trade subject is the price expressed in the tenge per one share.

During the session on May 14 in the KASE trading system was submitted one order at KZT195,750.00 per share. The seller decided to satisfy this order and sold SBS at the demand price. The deal amount made up KZT46,001,250.00 (the equivalent USD313,980.27 at the exchange KZT to USD rate as of May 14).

Settlements will be made in compliance with article 7 of the KASE internal document "State Blocks of Shares. Order of Admission to Sales and Trades Results Based Settlements", available on KASE website at http://www.kase.kz/files/normative_base/gpa_eng.pdf

According to this document the deal amount, except for the KASE commission fee and previously transferred guarantee fee (that must be entered to KASE correspondent account by a potential buyer), must be entered by an SBS buyer to the correspondent account of Central Securities Depository (Almaty) within seven working days from the deal conclusion day.