KIEV, Nov. 16 - The holders of PrivatBank's loan participation notes worth $150 million and a bank shareholder who bought additionally issued notes for $70 million, at a joint meeting on November 11 approved the restructuring of the securities.
According to PrivatBank, the number of securities up for voting was 94.46% of the total issuance. The transaction was supported by the owners of 98.26% of the securities, the value of which amounts to 98.85% of the issue. The owner of 1.74% of the securities worth 1.15% of the issue voted against the deal.
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