BTA Finance Luxembourg S.A. Announces Results of Extraordinary General Meeting
JSC BTA Bank (the “Bank”) is very pleased to announce the results of the extraordinary general meeting (the “Meeting”) of the shareholders of BTA Finance Luxembourg S.A. (the “Issuer”)
BTA Publishes Preliminary List of Financial Indebtedness to be Restructured
JSC BTA Bank (the “Bank”) has published on its website (http://www.bta.kz/en/investor) a preliminary list of its outstanding financial indebtedness to be restructured under its restructuring plan (the “Preliminary Indebtedness List”).
BTA’s investors’ calls on 22 april 2010
Further to its press release of 19 April 2010 announcing the signing of a detailed Term Sheet with its creditors’ Steering Committee, JSC BTA Bank (“BTA”) wishes to provide details regarding the two investors’ conference calls to be held on Thursday, 22 April 2010 (and not on Wednesday, 21 April 2010 as indicated in the said press release), one for investors in Asia and the other for investors in Europe and institutional investors in the United States.
BTA signs Detailed Term Sheet with Steering Committee
JSC BTA Bank is pleased to announce that it has agreed a detailed term sheet with its creditors’ steering committee elaborating the terms of its proposed financial restructuring envisaged by the principal commercial terms sheet signed on December 7, 2009 and the amendment to it signed on March 17, 2010.
BTA Bank Moves to the Next Phase of Restructuring
JSC BTA Bank (“BTA”) is pleased to announce that it has moved to the next phase of its restructuring process by convening meetings of holders of its eurobonds and perpetual securities to vote on the plan to restructure its financial indebtedness.
Alexander Stepanov, the Ex-head and the Main Shareholder of Energomash (UK) Limited, is Convicted by the Decision of the High Court of England for Two Years Imprisonment Under the Claim of BTA Bank
Today BTA Bank has informed that on March 31, 2010, the High Court of England has made an order against Alexander Stepanov, the former General Director and main shareholder of Energomash (UK) Limited, the holding company of Energomash Group of companies.
BTA Bank Official Comment in Relation to the Court Decision of the British Virgin Islands
BTA Bank considers the necessity to comment the court’s decision of the British Virgin Islands on the proceedings commenced by BTA Bank in November 2009.