/KASE, June 3, 08/ - The law firm Chadbourne & Parke (Almaty), representing
interests of Subsidiary of Bank TuranAlem joint-stock company - TuranAlem
Securities JSC (Almaty, in the headline - TuranAlem Securities), provided to
Kazakhstan Stock Exchange (KASE) the copy of decision of the Specialized
Financial Court (SFC) of Almaty City of May 30, 2008.
According to the mentioned decision for purposes of securing a claim of
TuranAlem Securities to Ust-Kamenogorsk Titanium Magnesium Plant JSC
(UTMK JSC, Ust-Kamenogorsk) Almaty City SFC prohibited until the court
delivers the judgement at the suit:
- to Registratorskaya sistema tsennykh bumag JSC and Central Securities
Depository JSC register transactions in UTMK JSC shares connected with
the increase of the announced shares number;
- to Department of Justice of East-Kazakhstan Region register changes into
the UTMK JSC charter;
- to bodies, officials, attorneys and representatives of UTMK JSC implement
any actions related to fulfillment of shareholders special general meeting
decisions of April 16, 2008.
We remind that on April 16, 2008, at the special general meeting UTMK JSC
shareholders decided to:
- increase the number of announced company's common shares up to
5 827 140 units; implement the government registration of announced shares
issue with the following structure: common shares - 5 827 140 units;
preferred shares - 107 910 units;
- approve the method of shares price determination at their re-purchasing by
the company;
- approve changes and additions to the company's corporate management
code;
- approve changes and additions to the company's charter;
- approve the option program;
- approve the company's Board of Directors in the following composition:
Silvan Geler (Board of Directors Chairman), Otmar Kaufman (Independent
Director), B. Shayakhmetov, B. Pismarkin, A. Tusupkhanov (Independent
Director).
On the KASE site are available:
- the copy of Almaty City SFC decision of May 30, 2008 at
http://www.kase.kz/files/mix/isk_tas_300508.pdf
- the copy of UTMK JSC shareholders special general meeting of April16, 2008
at
http://www.kase.kz/emitters/scan/utmk/utmk_resh_160408.pdf
[2008-06-03]