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Event details
Processing results dated 29/03/10: Credit of cash proceeds.
Important remark:
A notice regarding the calculation details should be available soon.
Participants who sent valid instructions should be credited with the cash proceeds in the batch process dated 30/03/10 for value
26/03/10.
For details, see the R20 OR R59 (euclid proprietary report) or MT 566 report (ISO 15022-COMPLIANT FORMAT).
Your account has been debited with the exercised securities in the real-time process dated 26/03/10.
Refer to the R23 or MT566 reports:
New information dated 19/03/10: tentative distribution date announced.
JSC Alliance Bank has issued a press release — available on the euroclear bank website under event reference 2736122 — announcing a tentative distribution date of the proceeds elected by euronoteholders having submitted their option election instructions by the option election deadline of 01 march 2010.
The tentative distribution date is set for 26 march 2010, and is subject to possible change as stated by the company in its press release.
New information dated 12/03/10: distribution date delayed.
Euroclear Bank has been notified that the ’scheduled distribution date’ has been delayed until further notice. the issuer has indicated that it hopes to finalise the distributions before the end of march 2010.
Holders will be notified in due course once the amended distribution date is known.
New information dated 19/02/10
The deadline has been extended until 01/03/2010.
Instructions are now revocable.
Refer to the new press release posted on our website.
New information dated 16/02/10
The terms and conditions of the offer have been changed the issuer had up until now not submitted requirements for disclosure of information with respect to the investor status they have however decided to do so now.
The result is that, due to the possibility of the ’preferred options’ being subject to the ’reallocation of claims mechanism’ as further detailed in the information memorandum annex 1 — participants will need to certify that they are: residing in the united states and are either a qib, an accredited investor, or that they are residing outside the united states.
The actions to be taken have changed and replace entirely the previous actions to be taken.
Please read the amended actions to be taken carefully.
New information dated 03/02/10
Automatic allocation: reminder — once the instruction deadline is past, non-responding holders will be automatically allocated to option d/ guaranteed allocation ’5’ preference shares in the form of gdrs. to receive the entitlement distribution you must instruct through event number 2736285 within 3 years counting from the distribution date.
Euroclear default action: clarification — the euroclear bank default action : ’no action’. this means that euroclear bank will not be taking action on behalf of participants that do not instruct. the issuer will automatically allocate these participants to receive entitlement option 5 — preference shares in the form of gdrs. holders have 3 years from the distribution date to instruct and become eligible to receive their entitlement.
The issuer’s default action: after a period of 3 years from the distribution date, in the absence of holder instructions, the gdrs entitlements allocated to non-responding holders will remain with the bank (alliance bank) to hold for its own account. no further credits will be made.
New information dated 01/02/10: additional notice.
Euroclear has been requested by the agent to emphasise that although it has been recommended that participants submit one instruction per beneficial owner, it is not an obligatory requirement.
A new notice has been made available on www.euroclear.com on this subject.
Previous information dated 26/01/10
Important: cancellation of due and payable instructions
Participants having previously submitted blocking requests to declare their notes 'due and payable' (see event 1334016), need to submit a cancellation request in order to unblock their notes and participate in the present offer.
To unblock your positions send a freeformat swift mt599 to the attention of corporate actions default team — clearly mention your account number, the isin code concerned, quantity of securities blocked and the euroclear reference number of your ’due and payable’ instruction submitted previously.
Once sent, please call our corporate actions client service team on +32 2 326 4245 in order to ensure the proper follow-up of your cancellation request.
Positions will then be unblocked to enable you to tender in this offer.
Original information dated 25/01/10
Information source : agent, Bank of New York Mellon, London
Purpose of the event
In the context of its restructuring plan, the the issuer — jsc alliance bank — is inviting euronoteholders to submit their election for the distribution of guaranteed allocations and/or preferred options, in consideration for the cancellation of their claim in accordance with the restructuring plan.
Election options available
A/ Guaranteed allocation 'max 1' (58pct option 1, 42pct option 2)
B/ Guaranteed allocation 'max 2' (68pct option 2, 32pct option 5)
C/ Guaranteed allocation 'max 3' (34pct option 3, 66pct option 5)
D/ Guaranteed allocation '5' (100pct option 5 - preference shares
In the form of gdrs)
E/ Preferred option 1 - cash payment
F/ Preferred option 2 - discount notes and recovery notes
G/ Preferred option 3 - par notes
H/ Preferred option 4 - subordinated notes.
Participants must refer to, and instruct through, the appropriate notice in accordance with the entitlements desired.
The present event notice is directed to participants wishing to elect for ---'e/ preferred option 1 - cash payment'.
Holders must elect, according to the requirements stated in the actions to be taken section of this notice, to receive a cash payment either in ’usd’ or in ’tenge’ (local market currency).
Electing for other entitlement options
To elect for entitlement 'd/ guaranteed allocation 5', refer to corporate action event notice number: '2736285'.
To elect for entitlements 'a, b, c and f, g, h', refer to corporate action event notice: '2736323'.
Entitlement election after the option election date
Euronoteholders who do not submit, or arrange to have submitted on their behalf, an electronic instruction on or before the option election date will be automatically allocated to option d/ guaranteed allocation '5' preference shares in the form of gdrs).
These noteholders must still submit an electronic instruction on or before the date being three years after the distribution date (the ’entitlement termination date’) to be eligible to receive their entitlement.
Following the distribution date, currently expected to be 10 march 2010, until the entitlement termination date, the bank shall hold the entitlement of any euronoteholder who has not uninstructed holdings, after entitlement termination date.
If no electronic instruction is submitted by, or on behalf of, any euronoteholder on or before the entitlement termination date, such euronoteholder’s entitlement will be extinguished and the cash, new notes and gdrs forming such entitlement will remain with the bank to hold for its own account.
Allocation and reallocation of claims mechanism
Pursuant to the allocation and reallocation of claims mechanism , claims (other than those in respect of which a guaranteed allocation has been elected) may be reallocated into a different option notwithstanding the elections made in an electronic instruction. in particular, any claim elected or allocated into preferred options 3 or 4 runs a very high risk of reallocation.
Electing for 'tenge' currency / denomination
Should a participant want to receive their entitlement in ’tenge’, particular attention should be taken in ensuring that correct contact name, telephone number and email address are provided in the instruction.
The issuer will use these contact details in order to liaise with the participant and arrange for the distribution of cash distributions in 'tenge' or 'tenge'-denominated new notes.
'tenge' is not a currency that is presently settleable within Euroclear Bank.
Default currency / denomination
Participants that do not clearly specify whether they want to receive their entitlements in ’usd’ or in ’tenge’ will by default be credited with their entitlements in ’usd’.
Minimum instructable amount - exceptions
A single beneficial holder with a claim in excess of usd 5 million may split such a claim and elect a guaranteed allocation or a preferred option in respect of each portion of not less than usd 1 million.
Beneficial holders holding euronotes denominated in sterling or euros may split a claim if it exceeds gbp 3.07 million or eur 3.39 million, as the case may be. each portion of such split claim must exceed gbp 0.61 million, in the case of sterling-denominated euronotes, and eur 0.68 million, in the case of euro-denominated euronotes. the total amounts of such split claims must equal the aggregate principal amount of euronotes held by the beneficial holder.
Separate electronic instructions must be submitted in relation to each portion of a split claim.
Disclaimer
Euroclear Bank will not be held liable for mistakes made by participants when electing for their specified currencies or in submitting split election instructions — euroclear bank will not verify whether participants’ instructions meet the minimum instructable amountrequirements on split claim elections.
Market timetable
market expiry date: 24/02/2010 at 11:00 am london time distribution date: expected 10/03/2010
Entitlement termination date: the date being three years after the distribution date.
Accrued interest
Pursuant to the terms of the restructuring plan and the information memorandum, there will be no accrued interest (i.e. 'payable interest' as defined in the information memorandum)payable to any euronoteholders regardless of whether they participate in the offer or not.
Withdrawal rights
Tenders submitted within the context of this offer are irrevocable.
This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction it is not, and should not be construed or treated as, investment or financial advice. in providing this information, euroclear bank is not acting as agent of the issuer by sending an instruction, you confirm to euroclear bank that you (and any beneficial owner(s) for whom you act) comply with the terms and conditions of the offer.
Documentation
New documentation dated 16/02/10 is now available to participants.
The documentation has been made available in euroclear bank resources databases and lists corporate actions online on www.euroclear.com.
To access this document, you must be a registered euroclear bank website user and enter the relevant corporate action event number in the search box: 2736122.
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