The meeting of the Board of Directors of KEGOC was attended by:
1. Yernat Berdigulov, Chairman of the Board of Directors of KEGOC, representative of Samruk-Kazyna.
2. Nurlan Akhanzaripov, member of the Board of Directors of KEGOC, senior independent director.
3. Marat Dulkairov, member of the Board of Directors of KEGOC, independent director.
4. Damir Suyentayev, member of the Board of Directors of KEGOC, independent director.
5. Kanysh Moldabayev, member of the Board of Directors of KEGOC, representative of Samruk-Kazyna.
6. Miras Kiyakov, member of the Board of Directors of KEGOC, representative of Samruk-Kazyna.
7. Nabi Aitzhanov, member of the Board of Directors of KEGOC, chairman of the Management Board of KEGOC.
The meeting of the Board of Directors on 28 May 2024, considered 5 (five) 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).
1. Approval of the new revision of Development Plan (Strategy) of KEGOC for 2023-2032.
The Board of Directors made the following decision:
1. To approve the new revision of Development Plan (Strategy) of KEGOC for 2023-2032 in accordance with the appendix hereto.
2. To invalidate the Development Plan (Strategy) of KEGOC JSC for 2023-2032, approved by the decision of the Board of Directors of KEGOC on April 1, 2023 (Minutes No. 3).
3. The Chairman of the Board of KEGOC JSC (Aitzhanov N.E.), in accordance with the established procedure, to take the necessary measures arising from the present decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
2. Approval of the interim financial statements of KEGOC for the period ended March 31, 2024.
The Board of Directors decided to approve the interim financial statements of KEGOC for the period ended March 31, 2024, in accordance with the appendix hereto..
PRO: seven;
CONTRA: none;
ABSTAIN: none.
3. Amendments to the decision of the Board of Directors of KEGOC dated May 31, 2023 (Minutes No. 5) on agenda item No. 8 “Increasing the Obligations of KEGOC by an amount of 10 (ten) or more percent of its equity capital”.
The Board of Directors made the following decision:
1. Make the following amendments to paragraph 1 of the decision of the Board of Directors of KEGOC on May 31, 2023 (Minutes No. 5) on agenda item No. 8 «Increasing the obligations of KEGOC by an amount of 10 (ten) or more percent of its equity capital»:
paragraph 1 should be worded as follows:
«1. To approve an increase in the liabilities of KEGOC by an amount of 10 (ten) percent or more of its equity capital by concluding a loan agreement(s):
1) with the creditor, Development Bank of Kazakhstan JSC, (as far as possible) by the amount including the principal debt up to KZT 23,500,000,000 (twenty-three billion five hundred million tenge), as well as interest and other payments payable by KEGOC in accordance with the loan agreement on the following terms:
1.1) loan maturity: 15 years;
1.2) amount of the borrowed funds: up to KZT 23,500,000,000 (twenty-three billion five hundred million tenge);
1.3) the interest rate: up to 9% per annum;
2) with the creditor, Asian Development Bank JSC, by the amount including the principal debt up to KZT 58,200,000,000 (fifty-eight billion two hundred million tenge), as well as interest and other payments payable to KEGOC in accordance with the loan agreement on the following terms:
2.1) loan maturity: 15 years;
2.2) the amount of borrowed funds: up to KZT 58,200,000,000 (fifty-eight billion two hundred million tenge);
2.3) the interest rate is TONIA/fixed rate (at the borrower's choice) + 3% per annum, as well as all funding costs of the Asian Development Bank in accordance with the concept of «ADB Funding Rate» (as defined in the loan agreement).».
PRO: seven;
CONTRA: none;
ABSTAIN: none.
4. Election (re-election), determination of the term of office of the Senior Independent Director of the Board of Directors of KEGOC.
The Board of Directors made a decision to appoint Nurlan Akhanzaripov, an independent director, a member of the Board of Directors of KEGOC, as a Senior Independent Director of the Board of Directors of KEGOC for a period until the expiration of the term of office of the Board of Directors of KEGOC in its entirety, effective on the date of the decision of the Board of Directors of KEGOC.
PRO: six;
CONTRA: none;
ABSTAIN: none.
5. Taking note of the Report on the implementation of major investment projects for Q1 2024.
The Board of Directors decided to take note of the Report on the implementation of major investment projects of KEGOC JSC for Q1 2024.
PRO: seven;
CONTRA: none;
ABSTAIN: none.