/KASE, February 19, 2020/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
announced consent solicitation offer in respect of outstanding notes:
The Issuer has today provided notices of meetings (the “Notices of Meetings”) to
solicit proxies (the “Solicitation”) from the beneficial holders of the
outstanding Notes (the “Noteholders”) to consider and, if thought fit, pass
Extraordinary Resolutions (the “Extraordinary Resolutions”) at meetings of the
Noteholders (the “Meetings”) in relation to certain consents and amendments (the
“Consents and Amendments”) being sought to: (i) the terms and conditions of the
2021 Notes (the “2021 Note Conditions”) and (ii) the terms and conditions of the
2022 Notes (the “2022 Note Conditions” and, together with the 2021 Note Conditions,
the “Conditions”), all as more fully described in the Consent Solicitation
Memorandum (the “Memorandum”) dated 19 February 2020 (the “Proposal”).
Subject to the terms of the Proposal and, unless such condition is waived by the
Issuer, provided all Extraordinary Resolutions are passed and become effective in
accordance with their terms and upon the occurrence of the Effective Date (see
“Expected Timetable” below), Noteholders who validly vote in favour of the
Proposal in accordance with the Solicitation will be entitled to receive the
applicable Consent Fee on the Settlement Date (see “Consent Fee” below).
Noteholders are advised to refer to the Memorandum for meanings of capitalised
terms used in this announcement, the full terms of the Solicitation and the
procedures related thereto.
Each Notice of Meeting convening the Meetings at the offices of Linklaters LLP,
One Silk Street, London EC2Y 8HQ, United Kingdom, at which the Extraordinary
Resolutions to approve the Proposal and its implementation will be considered
and, if thought fit, passed, has been published in accordance with the relevant
The initial meeting (in respect of the 2021 Notes) will commence at 10:00 a.m.
(London time) on 12 March 2020, with the subsequent Meeting (in respect of the
2022 Notes) being held at 10:15 a.m. (London time) on 12 March 2020.
This information is available at:
– in Russian;
– in English.