Exhibit 99.1
Freedom Holding Corp. Announces Completion of Private Placement of
Common Shares
ALMATY,
Kazakhstan, March 8, 2018 -- Freedom Holding Corp. (Pink Open
Market: FRHC) (the “Company”) today announced it has
concluded the sale of 5,426,612 common shares at an offering price
of $5.50 per share raising a total of $29,846,366 in a private
placement to investors outside the United States pursuant to
Regulation S. The Company also made a private placement of shares
under Regulation S that was completed in December 2017 in which it
raised a total of $11,045,000.
Company
CEO, Timur Turlov stated, “The interest and support we have
received from our investors is gratifying. We are a rapidly growing
financial services firm and the funding we have secured over that
past several months of more than $40 million will allow us to
continue to provide outstanding service to our growing clientele
while enhancing our ability to take advantage of the expanding
opportunities to participate in the international and regional
financial markets.”
Freedom
Holding Corp. is a financial services holding company conducting
retail financial brokerage, investment counseling, securities
trading, investment banking and underwriting services through its
subsidiaries under the name of Freedom Finance in the Commonwealth
of Independent States (CIS). The Company is a member of the Moscow
Exchange (MOEX), Saint-Petersburg Exchange and Kazakhstan Stock
Exchange (KASE). The Company is headquartered in Almaty,
Kazakhstan, with executive offices also in Moscow, Russia and the
United States. The Company employs more than 400 experienced
professionals across 24 branch offices in Russia, 15 branches in
Kazakhstan, and offices in Kyrgyzstan, Ukraine and
Cyprus.
OTC
Market Group, Inc. operates the world’s largest electronic
marketplace for broker-dealers to trade unlisted stocks, including
the Pink Open Market. Investors will be able to view Real Time
Level II stock quotes for the Company at http://www.otcmarkets.com
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements regarding the
Company’s use of sale proceeds and enhancing our ability to
take advantage of expanding opportunities. All forward-looking
statements are subject to uncertainty and changes in circumstances.
Forward-looking statements are not guarantees of future results or
performance and involve risks, assumptions and uncertainties that
could cause actual events or results to differ materially from the
events or results described in, or anticipated by, the
forward-looking statements. Factors that could materially affect
such forward-looking statements include certain economic, business
and regulatory risks and factors identified in the Company’s
periodic reports filed with the Securities and Exchange Commission.
All forward-looking statements are made only as of the date
of this release and the Company assumes no obligation to update
forward-looking statements to reflect subsequent events or
circumstances. Readers should not place undue reliance on
these forward-looking statements.
The OTC
Markets Group, Inc. has not approved nor disapproved of the
contents of this press release.
usoffice@freedomholdingcorp.com
SOURCE
Freedom Holding Corp.