business and economy

Kazkommertsbank to hold extraordinary general meeting of shareholders in early March

By SRI ⋅ February 2, 2009 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

(SRI) - Kazkommertsbank (KKB), Kazakhstan’s bank number two, said it will hold an extraordinary general meeting on March 2.

The key issue on the agenda will be the increase in the number of shares to allow the government capital injection as part of the government stabilization program.

As part of the program, the bank plans to increase the number of authorised common shares by 325mn and the number of of authorised preference shares by 50mn. Currently, the total number of authorised shares is 900mn, of which 775mn are common and 125mn preference shares. Of these, all preference and 575mn common shares have been placed.

Tags: KazKommertsBank

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