Court to hear Oksana Shishkina vs. Bank Severnaya Kazna & Alfa-Bank on May 7

7 May 2009 (11:18)

Sverdlovsk Region Arbitration Court is going to look into the claim laid by Bank Severnaya Kazna minority shareholder Oksana Shishkina against Bank Severnaya Kazna and Alfa-Bank regarding Alfa-Bank’s obligation to launch a public buy-out offer on Bank Severnaya Kazna shares.

Shishkina believes Alfa-Bank must buy her shareholding (1,276,500 shares) at the highest price offered to the other stockholders. She insists on Bank Severnaya Kazna calling up a BOD meeting to make sure the BOD recommends this to the shareholders.

The plaintiff also insists on having 85.021% of the bank’s registered common stock (52,432,437 shares) that belong to Alfa-Bank arrested.

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