BTA Bank (Kazakhstan) at March 21, 2012 noteholders meeting approves candidates for its Board of Directors
26.03.12 10:26
/KASE, March 26, 12/ - JSC "BTA Bank" (Almaty), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press-release of March 22, 2012:
quote
"BTA Bank" JSC (the "Bank") is pleased to announce that in the meetings of
Noteholders held on 21 March Noteholders approved candidates to serve as
Creditor Directors on the Bank's Board of Directors. The following candidates
were approved by Noteholders for nomination to serve on the Bank's Board of
Directors:
- Mr. Sergey Babayan (as a Creditor Director on behalf of Senior
Noteholders)
- Mr. Jacek Brzezinski (as a Creditor Director on behalf of OID Noteholders)
The names of these nominees, together with the nominees for the two other
vacancies on the Board will now be submitted for approval at the Extraordinary
General Meeting of the Bank's shareholders to be held on 11 April 2012. The
other nominees are Mr. Ilkka Salonen, who has been nominated by the Bank as
an independent director, and the Bank's CEO designate, Mr. Yerik Balapanov,
who has been nominated by JSC "Samruk-Kazyna". Biographical information for
all the nominees will be available on Monday 26 March 2012 on the Bank's
website, www.bta.kz.
Anvar Saidenov, Chairman of the Bank, commented:
"The management of the Bank welcomes these nominations and believes it is
important that the Board should be fully representative of creditors and other
stakeholders. We urge all shareholders and GDR holders to submit their votes to
the EGM as soon as possible to ensure that their views are reflected at the
meeting. As we have discussed with the Steering Committee, it is very important
to the Bank that its Board of Directors becomes fully constituted yet again as
soon as possible."
Media contacts:
tel.: +7(727) 266 47 99
e-mail: pr@bta.kz
www.bta.kz
unquote
[2012-03-26]