/KASE, October 13, 14/ – Alliance Bank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE
with the following press-release of October 6, 2014:
quote
JSC Alliance Bank (the "Bank") is today announcing it will be conducting
investor meetings during the week commencing 13 October 2014 in Asia, the
United States and Europe to present the key elements of its restructuring and
consolidation.
As previously announced, the Bank agreed on 1 August 2014 with all the
members of the steering committee of its creditors (the "Steering Committee") on
a non-binding term sheet for the restructuring of approximately U.S.$1.2 billion
of the Bank’s financial indebtedness (the "Restructuring"), which, among other
things, contemplates the consolidation of JSC Temirbank and JSC ForteBank
with the Bank (the "Consolidation") .
The investor meetings will present the key elements and explain the actions to
be taken for voting purposes by noteholders, GDR holders and shareholders of
the Bank to approve the Restructuring and the Consolidation. The Bank invites
its noteholders, GDR holders and shareholders to contact alb.noteholders@lazard.fr
to express their interest in attending the investor meetings. Investors interested
in attending the meetings should indicate one or two preferred locations for
attending investor meetings out of the following options: Hong Kong, Singapore,
New York, London and Geneva.
unquote
The full press-release is available on KASE website in Russians
http://www.kase.kz/files/emitters/ASBN/asbn_reliz_061014.pdf
[2014-10-13]