The following members participated at the meeting of the Board of Directors through video conference facilities:
1. Almassadam Satkaliyev, Chairman of the Board of Directors of KEGOC, Managing Director for Asset Management of Samruk-Kazyna.
2. Suinshlik Tiyessov, member of the Board of Directors KEGOC, representative of Samruk-Kazyna.
3. Zhanna Yegimbayeva, member of the Board of Directors KEGOC, representative of Samruk-Kazyna.
4. Nurlan Akhanzaripov, member of the Board of Directors KEGOC, an independent director.
5. Dominique Fache, member of the Board of Directors of KEGOC, member of the Board of Directors of Sophia Antipolis Science Park, Chairman of RTF Board of Directors.
6. Zhanbota Bekenov, member of the Board of Directors KEGOC, an independent director.
7. Bakytzhan Kazhiyev, member of the Board of Directors of KEGOC, Chairman of the Management Board of KEGOC.
The meeting of the Board of Directors on 19 March 2021, considered 4 agenda items, which should be brought to the attention of shareholders and investors in accordance with the List of agenda items approved by the Board of Directors on 13 July 2017 (Minutes No. 6). The information these agenda item is given below.
1. Decision to switch to ‘Selection’ stage and to development of FS for Rehabilitation of 220-500 kV OHTL at KEGOC branches in Almatinskiye MES branch, Tsentralnye MES branch and Yuzhnye MES bramch project.
The Board of Directors made the following decisions:
1. Approve moving on to ‘Selection’ stage and commencing with the development of FS for Rehabilitation of 220-500 kV OHTL at KEGOC branches in Almatinskiye MES branch, Tsentralnye MES branch, and Yuzhnye MES branch project” with preliminary parameters.
2. The Chairman of the Management Board of KEGOC (Bakytzhan Kazhiyev) shall take necessary actions arising out of this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
2. Review of the Progress Report on implementation of major investment projects for Q4 2020.
The Board of Directors decided to take the note of the Major Investment Project Progress Report for Q4 2020.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
3. Preliminary approval of the financial statements of KEGOC as of and for a year ended 31 December 2020, and the proposal to the General Meeting of Shareholders of KEGOC regarding the distribution of KEGOC’s net income and the amount of dividend per ordinary share of KEGOC for 2020.
The Board of Directors made the following decisions:
1. Preliminarily approve the presented KEGOC's annual financial statements (consolidated and separate) as of and for a year ended 31 December 2020.
2. Submit for consideration by the General Meeting of Shareholders of KEGOC the agenda item of “Approval of the financial statements of KEGOC as of and for a year ended 31 December 2020.
3. Propose to the general meeting of shareholders of KEGOC to allocate 73.9653757314725% of net income for 2020 in (the amount of KZT 19 502 495 736.10 (nineteen billion five hundred and two million four hundred ninety five thousand seven hundred thirty six tenge ten tiyn) net of dividends paid for H1 2020 to all holders of ordinary shares of KEGOC which will make KZT 75.01 (seventy-five tenge one tiyn) per one ordinary share.
4. Mr Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take the necessary measures to implement this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
4. Convene the annual General Meeting of KEGOC Shareholders through mixed voting.
The Board of Directors made the following decisions:
1. Convene the annual General Meeting of Shareholders of KEGOC through mixed form of voting on 27 April 2021 at 11.30 am at the address: Nur-Sultan city, Almaty district, Tauelsizdik Avenue, building 59.
2. Determine the date to start the submission of the absentee voting ballots as 18 April 2021.
3. Determine the deadline for submission of absentee voting ballots as 27 April 2021.
4. Determine the date of repeated extraordinary General Meeting of Shareholders of KEGOC (if the first extraordinary General Meeting of Shareholders of KEGOC is invalid due to lack of quorum) as 28 April 2021 on 11.30 at the address specified in paragraph 1 of this decision.
5. Determine the date of absentee votes counting on 27 April 2021.
6. Present the following agenda to the General Meeting of KEGOC Shareholders for consideration:
- Approve the annual financial statements, distribution of the net income, decision to pay dividends on ordinary shares and approve the amount of the dividend per one ordinary share of KEGOC for 2019;
- determine the number of members, terms of office of KEGOC's Board of Directors, elect its members and the chairman, and determine the rates and terms of remuneration and compensation of expenses for the members of KEGOC's Board of Directors in fulfilment of their duties;
- Review claims from the shareholders in relation to activities of KEGOC and its officers and results of consideration of such claims (if any);
7. Mr Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take the necessary measures to implement this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
5. Preliminarily review the report on the claims from the shareholders in relation to activities of KEGOC and its officers and results of consideration of such claims.
The Board of Directors made the following decisions:
1. Take note of the absence of claims from the shareholders in relation to activities of KEGOC and its officers.
2. Present this information for consideration by the annual General Meeting of KEGOC Shareholders.
3. Mr Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take the necessary measures to implement this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.