Alliance Bank says Sovereign Wealth Fund Samruk-Kazyna agreed to B. Utemuratov purchasing 16 % stake in bank

29.04.14 16:18
/KASE, April 29, 14/ – Alliance Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of April 29, 2014: quote As announced by JSC Alliance Bank (the "Bank") on 12 December 2013, JSC Sovereign Wealth Fund "Samruk-Kazyna" ("Samruk-Kazyna") agreed to sell 16% of common and preference shares in the Bank to Mr Bulat Utemuratov and, therefore, in accordance with the terms of its deed poll dated 18 March 2010, Samruk-Kazyna issued a tag along notice earlier today (the "Tag Along Notice"). Pursuant to the Tag Along Notice, holders of common shares and/or preference shares in the Bank (including holders of global depositary receipts representing such shares) who acquired such shares pursuant to the restructuring completed in 2010 and their respective transferees and assignees and their respective successors in title are entitled to exercise certain tag along rights, subject to the terms of the Tag Along Notice. The Tag Along Notice requires immediate attention of the relevant holders and may be obtained on the website of the Bank: http://www.alb.kz/en/. The Tag Along Notice will also be distributed to the relevant holders through other means, including publication on the websites of the Kazakhstan Stock Exchange and the Luxembourg Stock Exchange and distribution through the relevant clearing systems (in the case of holders of such global depositary receipts). For further information, please contact: Investor relations tel. +7 (727) 258 40 40 (ext. 52034) E-mail: IR@alb.kz Website: www.alb.kz unquote [2014-04-29]