26 января 2010
Корпоративное действие ALB Finance B.V. 7.87500 01/02/12 - Restructuring plan
| Corporate action number | CA000002736260 | |
| Security | ALB FINANCE B.V. 7.87500 01/02/12 | |
| ISIN | XS0284859054 | |
| Corporate action description |
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.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 submitted, or arranged to have submitted on its behalf, an electronic instruction until such time that an electronic instruction is submitted by, or on behalf of, such euronoteholder. 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’ 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’.articipants 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.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 Alfa-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. Euroclear Bank deadline: 24/02/2010 AT 11:00 CET By default, Alfa-Bank will take no action |
|
| Instruction deadline | Two working days before | 24/02/2010 AT 11:00 CET |
| Additional documentation | no | |
| For additional information please contact your account manager | ||
| Information provided by Euroclear Bank S.A./N.V. | ||