Disclosure Details:
1-Description | Advanced Bank of Asia Limited received the approvals on 1. transfer of one share of Damir Karassayev to the Natcan Trust Company, 2. appointment of Paolo Pizzuto as a new member of the Board of Directors in replacement of Lionel Pimpin who had resigned, and 3.increase of the registered capital of ABA Bank for USD 115 million, which is from USD 335 million to USD 450 million and equivalent to a total of 450,000 shares. |
2-Reason | 1. The increase of the registered capital was made in accordance with the Bank’s strategy. 2. The change in the composition of the Board of Directors was made due to the resignation of Mr. Lionel PIMPIN for personal reasons. |
3-Date of Decision | 2020-12-14 |
4-Others | None |