Halyk Savings Bank Reminds on Limitation of Shareholders Rights
OREANDA-NEWS. July 14, 2009. Halyk Savings Bank of Kazakhstan (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the following press release, reported the press-centre of KASE:
In addition to the previously published press release of Halyk Bank of Kazakhstan (hereinafter - the Bank) of January 19, 2009 concerning giving effect to the Board Resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of October 2, 2008 # 145 "On approval of list of offshore territories for banking and insurance activities, activities of the securities market professional participants and other licensed types of activities on the securities market, activities accumulative pension funds and joint stock investment funds" (hereinafter – the Resolution), in compliance with which shareholders must bring activities into line till April 1, 2009, the Bank informs the following.
From June 9, 2009 was given effect to the Board Resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of March 27, 2009 # 65 "On making additions to the Board resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of October 2, 2008 # 145 "On approval of list of offshore territories for banking and insurance activities, activities of the securities market professional participants and other licensed types of activities on the securities market, activities accumulative pension funds and joint stock investment funds", according to which financial organizations shareholders - legal entities with affiliates, registered in offshore territories or financial organizations shareholders - individual, participants (founders, shareholders) of legal entities, registered in offshore territories, need to bring their activities into line with this Resolution requirements till October 1, 2009.
We remind that the Bank in compliance with the Law of the Republic of Kazakhstan of July 4, 2003 # 474-II "On Government Regulation and Supervision of Financial Market and Financial Organizations" is the financial organization.
Considering the above said we inform that with the purpose of requirement implementation of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations will not be admitted to participation in the Bank shareholders general meeting:
- after April 1, 2009 - shareholders, registered in offshore territories, set forth by the Resolution;
- after October 1, 2009 - shareholders, legal entities with affiliates, registered in offshore territories or financial organizations shareholders - individual, participants (founders, shareholders) of legal entities, registered in offshore territories, set forth by the Resolution.
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