Imstalcon (Kazakhstan) announces June 13, 2012 decision of its Board of Directors

/KASE, June 19, 12/ - JSC "Imstalcon" (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote On June 13, 2012 at 12.00 o'clock at house No. 71-V, micro-district Zhetysu, Almaty absentee meeting of the Board of Directors # 231-SD was held. The agenda of the Board of Directors' meeting: 1. On decreasing the registered capital of Limited Liability Partnership "Ust- Kamenogorsk Assembling Firm "Imstalcon" by the amount of KZT944,996,846 to KZT696,107,750 due to the termination of an intangible asset in the form of non-exclusive license #14880 to use the trade mark of JSC "Imstalcon". 4. On increasing the registered capital of Limited Liability Partnership "KOMPANIA "AKSAI-INVEST" by way of contributing to the registered capital of the right #14880 to use the trade mark JSC "Imstalcon" to the amount of KZT944,996,846 in accordance with the valuation of LLP "Almatyaudit". 8. Approval of the request of the Joint-Stock Company "Imstalcon" and Limited Liability Partnership "Imstalcon" to SB JSC "Sberbank" on concluding non- arm's length deals involving an increase in the existing financing limit to the amount of KZT11,290,000,000 (eleven billion two hundred ninety million) and setting a new limit of KZT13,170,000,000 (thirteen billion one hundred seventy million), with the interest rate of 12 % (twelve per cent) per annum, for the term of 36 (thirty six) months. 9. On sale to Limited Liability Partnership "VestaEcologiya" of 54 % stake of JSC "Imstalcon" in Limited Liability Partnership "KOMPANIA "AKSAI-INVEST" at a price of KZT6,907,896,846 (six billion nine hundred seven million eight hundred ninety six thousand eight hundred forty six) provided the stake will be paid for until December 31, 2012. On item 1 of the Agenda: voted: "for" - 6 voices, "against" - none, "refrained" - none. the following decision was taken: 1. to decrease the registered capital of Limited Liability Partnership "Ust- Kamenogorsk Assembling Firm "Imstalcon" by the amount of KZT944,996,846 to KZT696,107,750 due to the termination of an intangible asset in the form of non- exclusive license #14880 to use the trade mark of JSC "Imstalcon". On item 4 of the Agenda: voted: "for" - 6 voices, "against" - none, "refrained" - none. the following decision was taken: 4. to increase the registered capital of Limited Liability Partnership "KOMPANIA "AKSAI-INVEST" by way of contributing to the registered capital of the right #14880 to use the trade mark JSC "Imstalcon" to the amount of KZT944,996,846 in accordance with the valuation of LLP "Almatyaudit". On item 8 of the Agenda: voted: "for" - 6 voices, "against" - none, "refrained" - none. the following decision was taken: 8. to approve the request of the Joint-Stock Company "Imstalcon" and Limited Liability Partnership "Imstalcon" to SB JSC "Sberbank" on concluding non-arm's length deals involving an increase in the existing financing limit to the amount of KZT11,290,000,000 (eleven billion two hundred ninety million) and setting a new limit of KZT13,170,000,000 (thirteen billion one hundred seventy million), with the interest rate of 12 % (twelve per cent) per annum, for the term of 36 (thirty six) months. On item 9 of the Agenda: voted: "for" - 6 voices, "against" - none, "refrained" - none. the following decision was taken: 9. to sell to Limited Liability Partnership "VestaEcologiya" of 54 % stake of JSC "Imstalcon" in Limited Liability Partnership "KOMPANIA "AKSAI-INVEST" at a price of KZT6,907,896,846 (six billion nine hundred seven million eight hundred ninety six thousand eight hundred forty six) provided the stake will be paid for until December 31, 2012. unquote [2012-06-19]