AT Acquisition Corp holds 93.84 per cent of Alma Telecommunications

AT Acquisition Corp LLP owned 93.84 per cent of Alma Telecommunications Kazakhstan at 1 October, according to shareholder information published by the Kazakhstan Stock Exchange on 28 October.

The partnership held 47,457,435 of the company's 50,572,714 common shares, all of which are outstanding, and was the only holder of 10 per cent or more, the exchange notice shows. Alma Telecommunications, listed under the ticker ALTV, replaced most of its board on 30 September; Corridor Signal's review of board changes at listed Kazakh telecoms noted then that the board notice did not identify the shareholder behind the change. The new filing names the majority holder, but does not say who stands behind AT Acquisition Corp.

A second notice the same day covers ASTEL. Arna-Sprint Data Communications JSC owned all 226,000 outstanding common shares, which the ASTEL notice puts at 97.00 per cent of all outstanding shares once the 6,990 outstanding preferred shares are counted. ASTEL has 500,000 authorised common shares, of which 226,000 are outstanding.

The notices list only holders of 10 per cent or more, so they do not show how the remaining shares are spread, how many minority holders there are, or whether any of them hold shares through nominees.

The exchange published similar shareholder information for Kcell. Its update, published a day later, showed its two largest holders unchanged ahead of its 17 November vote, as Corridor Signal reported in its brief on the Kcell register.

On Corridor Signal's arithmetic, other holders account for 6.16 per cent of Alma Telecommunications, and the preferred shares, whose holders the notice does not name, make up the other 3.00 per cent of ASTEL's outstanding shares. Neither notice gives any change in holdings since the previous quarter.