BTA Welcomes Further English High Court Judgments
Almaty, March 19, 2013 – The English High Court has today handed down further judgments in favour of BTA at the conclusion of a series of trials which commenced in November 2012.
US Court Issued an Order on Permanent Injunctive Relief in The United States in Respect of BTA Bank’s Restructuring Proceedings
Almaty, 8 January 2013 – “BTA Bank” JSC is pleased to announce that on 3 January 2013, the United States Bankruptcy Court for the Southern District of New York granted a permanent injunction against actions or proceedings commenced in the United States which violate the terms of the Restructuring Plan approved by the Bank’s shareholders and Claimants and by the Specialised Financial Court of Almaty.
Specialised Financial Court of Almaty Confirms the Completion of BTA Bank’s Restructuring
Almaty, 28 December 2012 – “BTA Bank” JSC is delighted to announce that the Specialised Financial Court of Almaty has today issued an order terminating the Restructuring relating to U.S.$11.1 billion of the Bank’s financial indebtedness due to the implementation by the Bank of all actions contemplated by the Restructuring Plan.
BTA Bank Announces The Successful Implementation of The Restructuring of U.S.$11.1 Billion of Financial Indebtedness
Almaty, 24 December 2012 – “BTA Bank” JSC is delighted to announce that the successful implementation of the Restructuring Plan relating to U.S.$11.1 billion of the Bank’s financial indebtedness has taken place on 24 December 2012.
BTA Bank’s Restructuring Proceedings Gain Permanent Protection of The British Courts
Almaty, 21 December 2012 – “BTA Bank” JSC is pleased to announce that on 19 December 2012 the High Court of Justice of England and Wales granted an order in relation to the stay imposed by the Recognition Order granted by the High Court of Justice of England and Wales on 11 July 2012.
Specialised Financial Court of Almaty approves BTA Bank’s Restructuring Plan
Almaty, 14 December 2012 – “BTA Bank” JSC is delighted to announce that the Specialised Financial Court of Almaty has approved the Restructuring Plan relating to KZT 1,611 billion. (U.S.$10.9 billion) of the Bank’s financial indebtedness by an order dated 13 December 2012.
Notice of Court Hearing to Approve The Restructuring Plan of “BTA Bank” JSC
“BTA Bank” JSC hereby notifies its creditors and all interested parties that the application for approval of the restructuring plan of the Bank will be considered by the Specialised Financial Court of Almaty.
Claimants’ Meeting Approves BTA Bank Restructuring Plan
Almaty, 5 December 2012 – “BTA Bank” JSC is very pleased to announce that its Restructuring Plan relating to KZT 1,611 billion (U.S.$10.9 billion) of the Bank’s financial indebtedness was today approved at the Claimants’ Meeting in Almaty by Claimants holding KZT 1,511 billion (U.S.$10.2 billion) of the Bank’s financial indebtedness (representing 93.8 per cent. of the total financial indebtedness subject to the Restructuring).
Extraordinary General Shareholders’ Meeting Approves BTA Bank Restructuring Plan
Almaty, 3 December 2012 – “BTA Bank” JSC is pleased to announce the results of the Extraordinary General Shareholders’ Meeting of the Bank held today to approve the Restructuring Plan of the Bank.
Results of Adjourned Noteholders’ Meetings of BTA Bank
Almaty, 30 November 2012 – “BTA Bank” JSC is pleased to announce the results of the adjourned meetings of holders of its debt securities held today in respect of the restructuring of certain of the Bank’s financial indebtedness.
BTA Bank Publishes Supplemental Information Memorandum and Announces Settlement Instructions Deadline
Almaty, 28 November 2012 – “BTA Bank” JSC today announces that it has published a supplement to the Information Memorandum dated 8 November 2012 in connection with its current restructuring proceedings.
BTA Bank’s Noteholders’ Meetings Adjourned for Lack of Quorum – Adjourned Noteholders’ Meetings Scheduled for 30 November 2012
“BTA Bank” JSC today announces that the meetings of holders of its debt securities held on 16 November 2012 in respect of the restructuring of certain of the Bank’s financial indebtedness were adjourned due to lack of quorum.
Information for Holders of BTA Bank’s GDRS
Almaty, 13 November 2012 – In response to a number of questions from investors “BTA Bank” JSC would like to clarify an issue regarding voting at the forthcoming General Shareholders’ Meeting.
BTA Bank Publishes Information Memorandum for Its Restructuring; Claimants’ Meeting to Approve the Plan on 5 December 2012
Almaty, 9 November 2012 – “BTA Bank” JSC is pleased to announce that it will be holding a meeting of certain of its financial creditors on 5 December 2012 to approve the Bank’s Restructuring Plan.
English Court of Appeal Upholds Judgement Sentencing Ablyazov to Prison Expedites BTA Bank Proceedings
London, November 6, 2012 – Former BTA Bank Chairman Mukhtar Ablyazov today lost his appeal against two major High Court decisions.
BTA Bank Begins Roadshow
Almaty, November 5, 2012 – BTA Bank JSC is pleased to confirm that the meetings with investors announced in the Bank’s press release of October 30, 2012 will begin today in Singapore.
NOTICE On holding of an Extraordinary General Meeting of shareholders of “BTA Bank” JSC
“BTA Bank” Joint-Stock Company located at: 97, Zholdasbekov str., Samal-2 mcrd., Almaty, 050051, Republic of Kazakhstan, kindly notifies its shareholders that an extraordinary general meeting of shareholders of “BTA Bank” JSC has been called in accordance with the Resolutions of the Board of Directors.
BTA Bank Restructuring Update
Almaty, October 30, 2012 – “BTA Bank” JSC would like to announce that on October 25, 2012 it distributed separate notices of meetings to the holders of the following outstanding securities issued by the Bank: (i) Senior Notes due 2018; (ii) Original Issue Discount Notes due 2021; (iii) Subordinated Notes due 2025; (iv) Subordinated Notes due 2030; and (v) Recovery Units, in each case for the purpose of considering and passing extraordinary resolutions to approve the Restructuring Plan.
The Arbitration Court of Moscow Grants BTA Bank Recognition of Its Restructuring in the Russian Federation
Almaty, October 22, 2012 – “BTA Bank” JSC is pleased to announce that the Bank’s restructuring procedure initiated in the Specialized Financial Court of Almaty was granted recognition in the Russian Federation.
Final Request to Disclose Security Holdings Information
BTA Bank JSC is in the final stages of discussing with the Steering Committee of its creditors a plan for restructuring its financial indebtedness and it has now broadly agreed with the majority of its representative members of the steering committee of its creditors a non-binding term sheet for the restructuring of its financial indebtedness.