Kazkommertsbank Announces Payment of Dividend on Preference Shares
OREANDA-NEWS. December 13, 2013. Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, announces today on payment of dividends on preference shares in accordance with decision of the Annual General Meeting of the shareholders on 28 May 2013 and paragraph 3 of an article 24 of The Law of the Republic of Kazakhstan “On Joint Stock Companies”. The details are as follows:
1. Name of the Bank: Kazkommertsbank Joint-Stock Company; address: 135Zh Gagarin avenue, Almaty 050060, Kazakhstan; bank details: BIC KZKOKZKX, BIN NBRKKZKX, IIC KZ75125KZT1001300335 in the National Bank of the Republic of Kazakhstan, BIC NBRKKZKX; residency – 1, sector of economy - 4.
2. Dividend period: Dividend will be paid for the calendar year.
3. Amount of dividend: According to the Shares Issue Prospectus, the dividends on preference shares of the Bank are fixed at 0.04 USD per one preference share, paid in tenge based on the KZT/USD exchange rate as at the payment date. The KZT/USD exchange rate is defined as the rate of the morning (major) session of Kazakhstan Stock Exchange on the working day prior to payment date.
4. Start date for the payment: The payment of dividend on preference shares will start on 12 December 2013. The completion date for the list of shareholders eligible for payment of dividends on preference shareholders was 12 November 2013.
5. Order of payment: Dividend will be paid via a transfer to the bank accounts of the preference shareholders.
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