VTBR.L Regulatory News (VTBR)

15 Aug 2007 09:34

JSC VTB Bank15 August 2007 15 August 2007 Extraordinary meeting of JSC VTB Bank North-West shareholders On 10 August 2007, the Supervisory Council members resolved to convene anextraordinary meeting of JSC VTB Bank North-West ("VTB North-West") shareholdersto consider its reorganization by merger of VTB North-West into JSC Bank VTB ("VTB"). The extraordinary meeting of VTB North West will take place at 2 pm on 28September 2007 in St. Petersburg at "Vyborgsky" Palace of Culture located at:15, Komissara Smirnova Street, St. Petersburg, Russia. The register of shareholders for participation in the extraordinary meeting ofVTB North-West was closed on 10 August 2007. The merger is to be completed by converting shares owned by the minorityshareholders of VTB North-West into new shares to be issued by VTB. Theconversion ratio for the shares' swap is 1 to 361, i.e. one share of VTBNorth-West with the face value of RUR 1 Ruble will be exchanged for 361 sharesof VTB with the face value of RUR 0.01. In accordance with Article 75 of the Federal Law on Joint Stock Companies, theSupervisory Council of VTB North-West has approved the purchase price for theshares of VTB North-West of RUR 41.72 for one ordinary share. Re-branding of JSC ICB into JSC VTB Bank North-West was completed in June 2007. VTB owns 75%+3 shares of VTB North-West. Andrei Kostin, President - Chairman ofthe Management Board of VTB is the Chairman of the Supervisory Council of VTBNorth-West. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail: InvestorRelations@vtb.ruIrina Mokeeva NOTES TO EDITORS About VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock Exchange