Alliance Bank announces completion of bank's financial debt restructuring
22.01.15 17:55
/KASE, January 22, 15/ – Alliance Bank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
JSC Alliance Bank (the “Bank”) is pleased to announce that on 6 January 2015
the Specialised Inter-district Economic Court of Almaty issued a decision
terminating the restructuring proceedings relating to U.S.$1.3 billion of the
Bank’s financial indebtedness following the implementation by the Bank of all
actions contemplated by the Restructuring Plan described in the information
memorandum dated 13 October 2014 (as supplemented).
As the Bank announced earlier, the Restructuring Plan had previously been
approved by the Bank’s shareholders holding 99.7 per cent. of the voting
common shares and preference shares of the Bank represented at the
extraordinary general meeting held on 10 November 2014 and by its creditors
holding approximately 90.5 per cent. of the financial indebtedness subject to
the Restructuring Plan at the creditors’ meeting held on 19 November 2014.
Alliance Bank
Investor Relations
Tel. +7 (727) 258 40 40 (ext. 52034)
E-mail: IR@alb.kz
unquote
[2015-01-22]