OREANDA-NEWS. June 15, 2010. The Listing commission of Kazakhstan Stock Exchange (KASE) removed common shares KZ1C50310016 (ALLZ) of Alternative Finance (Almaty) from KASE, reported the press-centre of KASE.

The KASE-prepared opinion of June 2, 2010 says - after the inspection of Alternative Finance and its shares regarding compliance with listing requirements specified in the Appendix to Order of Chairman of the Agency of the Republic of Kazakhstan on regulation of activities of the Regional Financial Center of Almaty "On requirements to issuers, admissible to or listing on the special trading floor of the Regional Financial Center of Almaty and to such securities" dated May 8, 2008 No. 04.2-09/119 for the second category, it was disclosed the company failed to comply with an own capital size requirement.

According to Y2009 financial statements of Alternative Finance, confirmed with an audit report, the own capital of the company as on December 31, 2009 was negative (-KZT1.3 bn) failing to comply of sub-item 5) of item 5 of the Appendix.

On the basis of the mentioned above and in accordance with sub-item 2) of item 1 of article 19 of KASE internal document "Listing rules" the shares were de-listed from KASE.

The shares were listed on KASE in category "В" on August 29, 2008, and on September 1, 2008 transferred to the second category. The shares have never been trading.