Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
On December 9, 2024, the Extraordinary General Shareholders' Meeting decided to establish the maximum number of shares of the Bank to be allotted among the members of the Board of Directors and employees in an amount up to 1% (108,884,718 shares) of the total number of placed (less repurchased) shares of the Bank as part of the Bank's Long Term Incentive Plan (LTIP). The maximum number of shares to be allocated to the members of the Board of Directors is 50% of the total allocated volume. 0.659% was distributed among all participants in the Bank's LTIP as of April 2, 2025, of which 0,384% was distributed to Persons Discharging Managerial Responsibilities (PDMRs). On April 2, 2025, option agreements containing individual terms and conditions regarding the number of allotted shares and vesting periods were concluded with the LTIP participants. Under the option agreements, the Bank may revoke the option and alter the number of shares to be allocated. In addition, all shares allocated under the LTIP are subject to an aggregate lock-up period of 3 years from the date that any number of shares are first credited to the PDMR's account. Each relevant LTIP participant pays a nominal premium in a de minimis amount in consideration of receiving the option.
DISCLOSURE ON GRANTING THE OPTIONS
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Alexander Pavlov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chairman of the Board of Directors, Independent Director | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Umut Shayakhmetova | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Member of the Board of Directors, CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case she would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dauren Sartayev | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | First Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Murat Koshenov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off of market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Yertay Salimov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Olga Vuros | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case she would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Roman Maszczyk | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Nariman Mukushev | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Andrey Zavarzin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy CEO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Daulet Abzhanov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Legal Officer | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dana Talzhanova | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Accountant | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under the LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case she would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Assel Tulbayeva | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Compliance Controller | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case she would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Almas Makhanov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Financial Director | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Viktor Skryl | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Strategy Director | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | JSC Halyk Bank | ||||
| b) | LEI | 213800NYDTVQM4SDUD67 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Common share of JSC Halyk Bank
Identification code (ISIN) for common share: | ||||
| b) | Nature of the transaction | Granting of options under an LTIP program | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | April, 2, 2025 | ||||
| f) | Place of the transaction | Almaty, Kazakhstan, off market | ||||
The provided numbers of shares under the options are for three years, and certain limitations apply including certainty that the person would receive shares under the LTIP in case he would not meet certain requirements.
There will be an aggregate lock-up period of three years from the date that any number of shares are first credited to the PDMR's account. The ordinary shares, which are the subject of the option will be credited to accounts of the relevant PDMRs during that three years period and will not be accessible or tradable by a PDMR until the end of that period.
About Halyk Bank
Halyk Bank is the leading financial services group in Kazakhstan, with a diversified presence across retail, SME, and corporate banking, as well as insurance, leasing, brokerage, asset management and lifestyle services. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, the London Stock Exchange since 2006, and the Astana International Exchange since 2019.
As of 31 December 2024, Halyk Bank had total assets amounting to KZT 18,548.4bn, making it the largest lender in Kazakhstan. The Bank boasts the country's one of the largest customer base and the most extensive branch network, with 542 branches and service outlets across nationwide. Additionally, the Bank operates in Georgia and Uzbekistan.
Please refer to https://halykbank.com/about/ for further information on Halyk Bank
- ENDS-
For further information, please contact:
| Halyk Bank | |
| Mira Tiyanak | +7 727 259 04 30 MiraK@halykbank.kz |
| Nurgul Mukhadi | +7 727 330 16 77 NyrgylMy@halykbank.kz |
| Rustam Telish | +7 727 330 15 66 RustamT3@halykbank.kz |
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