Kazkommertsbank JSC (Kazakhstan) informed about registration by AFS of the prospect of issue of bank's shares in new edition
14.09.07 14:59
/KASE, September 14, 07/ - Kazkommertsbank JSC (Almaty), shares and
bonds of which are traded in Kazakhstan stock exchange's (KASE) category
"A" official list had provided KASE with the press-release of next contention:
quotation begin
Agency for financial supervision had registered the Prospect of issue of
Bank's shares in new edition, confirmed on the prescheduled general
meeting of shareholders of the Bank, being held on June 28, 2007.
Let us remind that the prospect was confirmed in new edition in connection
to:
- in the Prospect is indicated the new amount of announced shares of the
Bank considering decision of shareholders to increase amount of
common shares of Bank by 200,000,000 (two hundred millions) copies;
- financial indicators of the Bank are renewed on the basis of consolidated
audited report of the Bank for the first quarter of year 2007, compiled
according to international standards of financial statements;
- was renewed in accordance to the last data the information about Bank's
activities, number of subsidiaries, lists of affiliated entities, data about
Corporate management code and other.
All states of the Prospect concerning rights and obligations of the
shareholders and also concerning order and terms of converting of preferred
shares of Bank to common shares were not changed and are expounded in
former edition.
After included changes to already existent and offered 700 m, shares (575
m. common and 125 m. preferred) were added 200 m. of announced
common shares. It should be noted that increase of amount of announced
common shares do not mean their immediate offering. Order, size, date and
price of further offering of these new common shares will be determined by
Bank's Board of directors additionally with preliminary coordination of such
decisions with European Bank for Reconstruction and Development.
However, taking into consideration the earlier announced Bank's plans of
growth till the end of year 2007 and also situation on the external capital
markets, such decision won't be taken in the nearest time.
Text of Prospect in new edition is available on the web site of Kazakhstan
stock exchange www.kase.kz or on corporate web site of the Bank
www.kkb.kz.
Except this, due to change of algorithm of conferring of national identification
numbers to shares in accordance with changes in legislation by the Agency
for financial supervision was changed the national identification number of
Bank's preferred shares from KZ1P00400815 to KZ1P00400112.
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[2007-09-14]