Development Bank of Kazakhstan CJSC (Kazakhstan) increases number of proclaimed shares by 154,000 units

/KASE, July 28, 03/ - Development Bank of Kazakhstan CJSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "А" listing category, has presented KASE a copy of minutes of general shareholders meeting, which was held on July 10 of 2003. As was informed before (July 11 of 2003), in compliance with the confirmed agenda shareholders of Development Bank of Kazakhstan CJSC confirmed the new edition of the bank's charter, changed the staff of the Board of directors, confirmed decision of the Board of directors about increasing of the bank's liabilities by up to KZT4.3 bn., and also made decision about increasing of the authorized capital by KZT7.7 bn. by issuing and floating common inscribed shares 154,000 units in number. According to the minutes of the meeting of shareholders of Development Bank of Kazakhstan CJSC, as the result of increasing its announced authorized capital total number of declared common inscribed shares will be 754,000 units. The bank's common inscribed shares 154,000 units in number, by shareholders' decision, will be floated at the price of KZT50.0 th. per share. Shareholders meeting charged President of Development Bank of Kazakhstan CJSC with holding measures concerning the state registration of shares issue. Primary activity - rendering of banking activities (excepting attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations, which are served by the bank). [2003-07-28]