/KASE, November 19, 14/ – Alliance Bank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE
with the following press-release:
quote
JSC Alliance Bank (the "Bank") is pleased to announce that its Restructuring
Plan was today approved by its creditors.
The plan, which relates to approximately KZT 232 billion (U.S.$1.3 billion) of
the Bank's Designated Financial Indebtedness, was approved at the Claimants'
Meeting in Almaty by holders of 90.5 per cent. of the total Claims subject to
the Restructuring. Under the Restructuring Law, the plan needed to be approved
by Claimants holding not less than two-thirds of the financial indebtedness
subject to the Restructuring.
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/ASBN/asbn_reliz_191114.pdf
[2014-11-19]