Board of Directors of Kazinvestbank JCS (Kazakhstan) adopted bank equity increase terms

/IRBIS, January 5, 2012/ - Kazinvestbank JCS (Almaty, hereinafter - bank), whose stocks are officially listed at KASE, has provided KASE with the extract from minutes of meeting of the Board of Directors from December 15, 2011. According to the provided document, the Board of Directors decided the following: - to grant the increase of equity on following terms: - placement of 29.4 million common shares at a price of 100 tenge per share for a total of 2.49 billion tenge; - placement of 480 pieces of bonds convertible into common shares, (NIN - KZ2C0Y99C542) at a price of par value 1,000,000 tenge per one bond, a bond can be converted into 10,000 ordinary shares of the total amount of 480 million tenge; - placement of 4,638,630 bonds convertible into common shares, (NIN - KZ2C0Y99E142) at a price of par value 100 tenge per one bond, a bond be converted to burn in an ordinary share, totaling 463.863 million tenge; capital increase should be done in two stages: Stage 1 - 2.4228 billion tenge to the end of December 2011; Stage 2 - 1,461,063,030 tenge to the end of June 2012 - approve the placement of 29,400 00 ordinary shares of the bank by the subscription method with price of 100 tenge per common share; - approve that in case of redemption of common shares of the bank owned by Citigroup Venture Capital International Co- Investment LP and Citigroup Venture Capital International Growth Partnership LP (collectively, the CVCI), such redemption will be made at a price of 215.45 tenge per common share, in the this case CVCI must sign the new issue of bonds convertible into common shares, at the same price, ie 215.45 tenge per one bond. [2012-01-05]