Common shares of BANK CASPIAN JSC (Kazakhstan) of the 7th issue will be floated at KZT630 per share

/KASE, August 27, 03/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "А" listing category, has presented KASE the copy of extract from the minutes of the meeting of the bank's Board of directors dated August 22 of 2003. At this meeting of the Board of directors there was made a decision to float common inscribed shares of BANK CASPIAN JSC of the seventh issue consisting of 2,072,000 units at KZT630 per share. Ratio of the number of floated common shares to the number of being floated ones is three to one. The decision of the Board of directors also says that in accordance with the demands of the article 16 of the Law of the Republic of Kazakhstan "About joint stock companies" dated May 13 of 2003 shareholders of the bank have right of priority to purchase again floating shares in proportion to share of their participation in the authorized capital. [2003-08-27]