AMB OJSC (Kazakhstan) increases authorized capital by KZT1.09 bn and gets $20.0, from syndicate of banks

/KASE, Oct 8, 01/ - Almaty Merchant Bank OJSC (AMB OJSC, Almaty) provided the KASE with a copy of the minutes extraordinary general shareholders meeting of both Kazakhstan industrial bank OJSC (Kazprombank OJSC) and AMB OJSC, which was held on August 24, 2001. Based on approved agenda, the shareholders of Kazprombank OJSC and AMB OJSC made following decisions. Approve the documents on the merger of Kazprombank OJSC with AMB OJSC (Merger agreement, Transfer act, balance sheet of Kazprombank OJSC with the supplements as of Aug 23, 01, balance sheet of AMB OJSC with the supplements as of Aug 23, 01; consolidated balance sheet of Kazprombank OJSC and AMB OJSC with the supplements as of Aug 24, 01). Approve the measures conducted by the Board on the termination of Kazprombank OJSC and delegate the Board of AMB OJSC with additional measures required to cease the Kazprombank OJSC (remove it from records at departments of justice, statistics, tax authorities, close the shareholders register). Approve changes and amendments to the charter of AMB OJSC. Cancel the third issue of common inscribed shares of Kazprombank OJSC (KZ1C33050419) consisting of 8,500 shares at $1,000 each amounting to $8.5m. Announce and register the seventh issue of AMB OJSC shares for a total of KZT1,088,900.0 th. consisting of 1,088,900 common inscribed shares at KZT1,000 each. Convert the shares of Kazprombank OJSC into the shares of AMB OJSC using a conversion scale of 128 (since face value of Kazprombank OJSC shares is $1,000, or KZT128.0 th. tenge at the rate of the National Bank of Kazakhstan on the registration date of the changes and amendments of the charter with the Justice ministry). To distribute the shares of the seventh issue privately: 1,088,000 shares amounting to KZT1,088.0m - among the shareholders of AMB OJSC based on purchase-sale agreement of Kazprombank OJSC shares; 900 shares totaling KZT900,.0 th. - sell among AMB OJSC shareholders. Delegate the Board of AMB OJSC to develop and approve the order, conditions and terms of the floatation of the seventh issue of 900 shares totaling KZT900,.0 th. Determine the percentage of the stakes of the shareholders in AMB OJSC authorized capital of KZT3.1 bn (including the floatation of seventh issue of shares) in following manner: Cormoto B.V. (Amsterdam, Netherlands) - 21.8% of authorized capital, Fintrade OJSC (Almaty, Kazakhstan) - 21.3%, Reson Holding AG (Tsug, Switzerland) - 19.5%, Glencore International AG (BAAR, Switzerland) - 13.2%, Myrzakent OJSC (Almaty, Kazakhstan) - 7.4%, ATERA capital LLP (Almaty, Kazakhstan) - 3.9%, shares of the 7th issue of shares to be placed privately - 0.029%, preferred shares of 6th issue - 12.9%. Approve the "Regulations on the repurchase of issued shares by AMB OJSC and share value determining methodology". Issue subordinated coupon bonds at following terms: volume of issue - $10.0m, face value - $100.0. circulation term - 5 years, coupon paid semiannually at 9.0% APR. Increase authorized capital of AMB OJSC by 25% or more of the shareholders' equity due to the getting a $20.0m loan for 6 months from a syndicate of foreign banks to conduct pre-export financing of grain, cotton and metals for the clients of the bank. The loan was organized by Raiffeisen Zentralbank Osterreich AG and Deutsche Bank AG, participants of the syndicate - American Express Bank Ltd., Bank Gesellschaft Berlin, Bayerishe Vereinsbank AG, Citibank NA, Credit Suisse First Boston, Israel Discount Bank Limited, Mashreq Bank PSC, Natexis Banques Populaires, Rabobank International, The Bank of New York, Vereins-und-Westbank AG, Baden-Wuttermbergishe Bank AG. Legal advisor - White & Case. Preferred inscribed shares (KZ1P35970618, trade code - ATFBp) of AMB OJSC were entered into official list of the KASE under category "A" on June 11, 2001. On October 2, 2001 the bank has made timely and complete final payments on its first issue coupon bonds (KZ2CKAN3AA16; official list of KASE securities under category "А"; ATFBb; $100; $5.0m; Oct 2.00 - Oct 2.01; semiannual coupon at 10.5% APR).