OREANDA-NEWS  On 04 March was announced, that the Extraordinary General Meeting of Shareholders of JSC Kazkommertsbank took place on March 2, 2009 in accordance with the approved and published agenda

The Extraordinary General Meeting of Shareholders of JSC Kazkommertsbank (hereinafter “The Bank”) approved the increase in the number of authorized shares of the Bank as follows:
 
(1)     increase in the number of authorized common shares of the Bank (775 mln common shares) by 325 mln common shares;

(2)     increase in the number of authorized preferred shares of the Bank (125 mln preferred shares) by 50 mln preferred shares;

(3)     approval of the new number of authorized shares of the Bank at 1,275 mln shares, including 1,100 mln common shares and 175 mln preferred shares.
 
Additionally, amendments and additions #1 to the Share Offering Prospectus of Kazkommertsbank were approved. In accordance with these amendments and additions:
 
(1)     The information on the Bank, its Board of Directors, Management Board, Executive Directors, Directors of branches, subsidiaries, and other changes that took place following approval of the Prospectus in 2007 was updated;

(2)     The new number of the shares of the Bank based on the decision on the Topic 1 of the Agenda was reflected.
 
Approved amendments and additions will be forwarded by the Bank for the registration to the Agency of the Republic of Kazakhstan on the regulation and supervision of financial markets and financial organizations.
 
The decision regarding the timing and price of the placement of shares, as well as number of shares to be placed will be set by the Board of Directors in accordance with legislation of the Republic of Kazakhstan.