OREANDA-NEWS. ForteBank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

"The Bank (location of the Management Board: 8/1 Dostyk Ave., Astana, Republic of Kazakhstan, 010017) notifies its shareholders of convening an Extraordinary General Meeting of Shareholders (the Meeting) at the initiative of the Board of Directors.

The Meeting will be called to order on November 7, 2016 at 9:00 am ALT, at 8/1 Dostyk Ave., Astana, Republic of Kazakhstan, 010017, 8th floor, conference Semey conference hall. Registration of participants will start at 8:00 am ALT, on November 7, 2016.

The list of shareholders entitled to participate in the meeting will be compiled as of 00:00 ALT, on October 7, 2016. The Agenda of the Meeting: The members of the Bank's Board of Directors. In accordance with clause 5 of Article 17 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan", "legal entities registered in offshore zones, the list of which is established by the competent authority (see: a letter No. 04-01-14/1615 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial organizations of April 29, 2009), shall not be entitled to directly or indirectly own and (or) use, and (or) dispose of voting shares of resident banks of the Republic of Kazakhstan."

According to clause 5-1 of that Article, "a shareholder participating in the general shareholders' meeting shall present a statement which indicates compliance with the requirement of clause 5 of this Article by its shareholders (participants) in case the information on the country of registration of such shareholders (participants) is not possessed by the bank." The second paragraph of this clause stipulates that "a shareholder who failed to submit the above statement shall not be allowed to participate in the general meeting of shareholders.

The person proposed (recommended) for election to the Board of Directors must  meet the requirements of the laws of the Republic of Kazakhstan to the Bank  executives and the requirements of laws of the Republic of Kazakhstan to the  executives of a legal entity operating in the securities market on the basis of a license issued by an authorized body."