LONDON - Halyk Bank of Kazakhstan Joint Stock Company ("Halyk Bank") has completed a series of transactions as part of its own global depositary receipts (GDRs) buyback program, conducted through Citigroup (NYSE:C) Global Markets Limited ("Citi"). This program was initially announced on September 18, 2024.
The bank reported that a total of 46,853 GDRs were purchased across various exchanges, including XLON, BATE, and CHIX, from Monday to Wednesday of the previous week. The aggregate transactions amounted to approximately $848,362.88, with a daily weighted average purchase price of $18.11 per GDR.
Halyk Bank, recognized as Kazakhstan's leading financial services group, offers a wide range of services that include retail, SME, and corporate banking, along with insurance, leasing, brokerage, asset management, and lifestyle services. The bank has a significant market presence, with its shares traded on the Kazakhstan Stock Exchange since 1998, the London Stock Exchange (LON:LSEG) since 2006, and the Astana International Exchange since 2019.
As of September 30, 2024, Halyk Bank had total assets of KZT 17,650.1 billion, making it the largest lender in the country. The bank also boasts the largest customer base and the most extensive branch network in Kazakhstan, with 563 branches and service outlets. Additionally, Halyk Bank operates in Georgia and Uzbekistan.
The detailed breakdown of individual trades executed under the buyback program is available on the bank's shareholder information page. This recent activity underscores Halyk Bank's ongoing financial maneuvers within the stock market.
The announcement made by Halyk Bank clarifies that this transaction in own securities does not constitute an offer or solicitation to buy or sell securities in any jurisdiction. The information is based on a press release statement.
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