KAZKOMMERTSBANK OJSC changes structure and size of its authorized capital in 2001, and borrow $125 mln

/KASE, Jan 30, 01/ - KAZKOMMERTSBANK OJSC (Almaty), in accordance with the listing obligations, provided the Kazakhstan Stock Exchange (KASE) with the minutes of extraordinary general shareholders meeting, which was held on December 25, 2000. Based on approved agenda, the shareholders of KAZKOMMERTSBANK OJSC decided to: - increase the bank's authorized capital up to KZT2,942,200,690 using the part of undistributed income proportionally to the stake of each shareholder; - cancel the 6th and register the 7th issue of shares for KZT2,942,200,690, containing 294,220,690 common inscribed shares at KZT10 each; - make corresponding changes in the bank's charter; - dismiss previous Board of directors and elect new one consisting of three people: Sembaev D.Kh., Sukhanberdin N.S., Gukasov E.Kh.; - attract loans for $100 mln from international financial institutions, and $15 mln from the International financial corporation (for 7 years with the possibility of converting $7.5 mln into the shares of KAZKOMMERTSBANK OJSC); - participate in $10 mln Investment Support Facility of the European Bank for Reconstruction and Development; - assign Deloitte & Touche as the company's independent auditor. Besides, the bank shareholders were informed that subsidiary companies of KAZKOMMERTSBANK OJSC, which were registered in Holland in 1998: Kazkommerts Capital B.V. and Kazkommerts Finance B.V., were liquidated. Since the company's subsidiaries completely fulfilled their missions (attraction of syndicated loans), they were to be closed. Following securities of KAZKOMMERTSBANK OJSC were entered into official list of the KASE securities under category "A": - common inscribed shares (KZ1C00400415, trade code - KKGB) from October 16, 1997; - coupon bonds (KZ72KA7B9A11, trade code - KKGBb) from August 31, 1999; - subordinated coupon euronotes (XS0122349615, trade code - KKGBe2) from December 27, 2000.