Kazkommertsbank Intends to Pay Dividends on Preferred Stocks
OREANDA-NEWS. December 08, 2011. Joint-stock company "Kazkommertsbank" (hereinafter - the Bank) in accordance with a decision of the annual general meeting of the Bank's shareholders held on May 4, 2011 and item 3, article 24 of the Act of the Republic of Kazakhstan "On Joint-Stock Companies" informs the Bank's shareholders on pay-out of dividends on preferred shares, reported the press-centre of KASE:
1. The bank's name - Joint-stock company "Kazkommertsbank"; location - Republic of Kazakhstan, 135 g, Gagarin ave., Almaty 050060; bank details and other details - BIC KZKOKZKX; TRN 600400055239; BIN 911040000021; IIK (personal identification code) KZ75125KZT1001300335 at Government Organization "National Bank of the Republic of Kazakhstan"; BIC NBRKKZKX; residence status - 1; economy sector - 4;
2. Period dividends are due for, - calendar year;
3. Dividend per preferred share is fixed in accordance with the Issue Prospectus of the Bank's shares, expressed in tenge and calculated per preferred share according to the formula: 0.04 х the Bank's settlement rate as of the dividends pay-out date. The "Bank's settlement rate" is tenge/US dollar rate fixed during the morning (main) session at Kazakhstan Stock Exchange, on a business day, preceding the day of fixing the settlement rate at the Bank;
4. Date of the start of dividends pay-out - December 12, 2011, the date of drawing up the list of shareholders entitled to receiving dividends on the bank's preferred shares, - November 12, 2011;
5. The procedure and form of dividend pay-out - wireless cash mode, by way of crediting money to bank accounts of shareholders holding preferred stocks of the Bank.
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