BTA Finance Luxembourg S.A. Announces Results of Extraordinary General Meeting23.04.2010
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”):
the Meeting, the First Resolutions as set out in the convening notice
sent to shareholders by registered letters dated 12 April 2010 (the
“Original Notice”) was adopted by simple majority thereby, inter alia,
approving the Bank’s Restructuring Plan and authorising the Issuer to
vote in favour of the restructuring at the proposed creditors’ meeting
expected to be held on 28 May 2010. The votes for the First Resolutions
represented 98.9 per cent. of the votes cast.
The Meeting was
inquorate in relation to the Second Resolutions contained in the
Original Notice proposing certain changes to the articles of
association of the Issuer as set out therein, and therefore the
Meeting was adjourned to 24 May 2010.
At the adjourned
Meeting, the shareholders of the Issuer (including the holders of the
Securities) are eligible to vote on the First Resolutions (which are
reproposed) by simple majority and on the Second Resolutions with a
two-thirds majority required for an amendment to the articles of
association of the Issuer, in both cases without a quorum requirement.
The terms of the First Resolutions and Second Resolutions are as set
out in the Original Notice.
The adjourned Meeting will be held
at 12.00 noon (Central European Time) on 24 May 2010 at the offices of
the Issuer at 46A, avenue John F. Kennedy, L-1855 Luxembourg, Grand
Duchy of Luxembourg.