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Saturday, August 19, 2017

BTA Bank offers shareholders common share buyback

Kazakhstan's BTA Bank recently announced an offer to shareholders to sell common shares issued by the bank.

Shareholders wishing to accept the buyback offer must fill out a required form available on the bank's website, in hard copy at the head office at in Almaty or at bank branches around the country.

The form should be submitted to the head office or to a branch office by 6 p.m. local time on Aug. 28. The bank may refuse to accept forms that do not include all required information or are not delivered before the deadline.

Payment on bought-back shares will be made within 30 days of the date the form is submitted. The buyback procedure will be conducted in accordance with the laws of Kazakhstan.