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]