/KASE, November 13, 14/ – Alliance Bank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE
with the following press-release:
quote
JSC Alliance Bank, JSC ForteBank and JSC Temirbank are pleased to announce that
shareholders of JSC Alliance Bank have approved the restructuring plan in
respect of JSC Alliance Bank's indebtedness and that shareholders of JSC
Alliance Bank, JSC ForteBank and JSC Temirbank have approved the proposed
consolidation of the three banks as well as other ancillary matters necessary
for completion of the restructuring and the
consolidation.
The participation at the Meeting was 99.8391 per cent., 100.00 per cent and
99.9514 per cent of the total issued voting shares of JSC Alliance Bank, JSC
ForteBank and JSC Termirbank, respectively.
The resolution approving JSC Alliance Bank's restructuring plan was passed by
a majority of 99.7428 per cent. of the voting common shares and preference
shares of JSC Alliance Bank represented at the Meeting. [Holders of 18.0113
per cent. of JSC Alliance Bank's Global Depositary Receipts ("GDRs
participated in the Meeting and 99.7772 per cent of their votes were cast in
favour of the resolution approving JSC Alliance Bank's restructuring plan.
The resolution approving the proposed consolidation of the three banks was
passed by a majority of 99.9832 per cent., 100.00 per cent. and 100.00 per cent.
Of the voting shares of JSC Alliance Bank, JSC ForteBank and JSC
Termirbank, respectively, represented at the Meeting.
The next stage in the approval process will be JSC Alliance Bank's claimants'
meeting on 19 November 2014 at 10:00 am Almaty time.
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/ASBN/asbn_reliz_131114.pdf
[2014-11-13]