/KASE, October 22, 08/ - Ust-Kamenogorsk Titanium Magnesium Plant
(UTMP, Ust-Kamenogorsk), the listed company of Kazakhstan Stock Exchange
(KASE), provided to KASE the copy of decision of Almaty City Special Financial
Court (SFC) of August 11, 2008.
According to the information Almaty City SFC made the following decisions:
- partially satisfy the claim of Subsidiary of joint stock company BTA Bank BTA
Securities (Almaty, in the headline - BTA Securities) to UTMP on recognizing
illegal of decisions made on shareholders special general meeting of April 16,
2008 and shareholders annual general meeting of June 19, 2008;
- recognize illegal th decision of UTMP special general meeting of April 16,
2008 concerning the amendment to article 18 of the charter, part 6 p. 18.3 of
the following content: "The company is entitled to leave a shareholder's
request without answer or reject provision of the requested information if, on
the company's opinion, a shareholder abuses rights, initiates corporate
blackmail, undertakes insider actions, etc. A shareholder is entitled to appeal
these company's actions in the court";
- refuse the lawsuit remaining part.
In addition, UTMP provided the copy of resolution of the Civil Matters Board of
the Supreme Court of the Republic of Kazakhstan of September 30, 2008, according
to which the decision of Almaty City SFC of August 11, 2008 has not been
changed and the appeal has not been satisfied.
The copy of decision of Almaty City SFC of August 11, 2008 is available on KASE
website at
http://www.kase.kz/files/mix/utmk_sud_resh_110808.pdf
The copy of resolution # 3а-58-08 of the Civil Matters Board of the Supreme
Court of the Republic of Kazakhstan of September 30, 2008 is available on KASE
website at
http://www.kase.kz/files/mix/utmk_sud_post_300908.pdf
Minutes of UTMP are published on KASE website at:
-
http://www.kase.kz/emitters/scan/utmk/utmk_resh_160408.pdf - of April 16,
2008;
-
http://www.kase.kz/emitters/scan/utmk/utmk_resh_190608.pdf - of June 19,
2008.
[2008-10-22]