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 6 September 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. The preliminary approval of the financial statements of KEGOC JSC for the six months ended June 30, 2024, the proposal on the distribution of net income of KEGOC JSC and the amount of the dividend per common share of KEGOC JSC for the first half of 2024.
The Board of Directors made the following decision:
1. To pre-approve the attached financial statements of KEGOC JSC for the six months ended June 30, 2024, in accordance with the appendix to this decision.
2. To submit for consideration by the General Meeting of Shareholders of KEGOC JSC the issue of "Approval of the financial statements of KEGOC JSC for the six months ended June 30, 2024, the procedure for distributing net income, making a decision on the payment of dividends on common shares and approving the amount of the dividend per one ordinary share of KEGOC JSC for the first half of 2024."
3. To propose to the General Meeting of Shareholders of KEGOC JSC:
- to distribute 64.5068406268084% of net income for the first half of 2024 in the amount of KZT 22,684,120,787.20 (twenty-two billion six hundred eighty-four million one hundred twenty thousand seven hundred eighty-seven tenge 20 tiyn) to all holders of ordinary shares of KEGOC JSC, which per ordinary share will amount to KZT 82.40 (eighty-two tenge 40 tiyn).
- the remaining amount in the amount of 12,481,329,212.80 (twelve billion four hundred eighty-one million three hundred twenty-nine thousand two hundred twelve tenge 80 tiyn), amounting to 35.4931593731916% of the net income of KEGOC JSC for the first half of 2024, should be left at the disposal of KEGOC JSC for development.
4. To propose to the General Meeting of Shareholders of KEGOC JSC:
- to fix the list of shareholders of KEGOC JSC entitled to receive dividends on ordinary shares of KEGOC JSC for the first half of 2024 at 00:00 on October 28, 2024;
- to determine the date of commencement of payment of dividends on ordinary shares of KEGOC JSC for the first half of 2024 as November 1, 2024.
5. The Chairman of the Management Board of KEGOC JSC (Nabi Aitzhanov) to take appropriate measures arising from this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
2. On convening an extraordinary meeting of shareholders of KEGOC JSC
The Board of Directors made the following decision:
1. To convene an extraordinary General Meeting of Shareholders of KEGOC JSC on October 11, 2024 at 11:30 a.m. at the address: 59 Tauelsizdik avenue, Almaty district, city of Astana.
2. Determine the date of the repeated extraordinary General Meeting of Shareholders of KEGOC JSC (in case of absence of a quorum at the first meeting of the extraordinary General Meeting of Shareholders of KEGOC JSC) as October 14, 2024 at 11:30 a.m. at the address specified in paragraph 1 of this decision.
3. To include in the agenda of the meeting of the Extraordinary General Meeting of Shareholders of KEGOC JSC the issue of "Approval of the financial statements of KEGOC JSC for the six months ended June 30, 2024, the procedure for distributing net income, making a decision on the payment of dividends on common shares and approving the amount of the dividend per ordinary share of KEGOC JSC" for the first half of 2024".
4. Determine the date of drawing up the list of shareholders entitled to participate in the extraordinary General Meeting of Shareholders as September 16, 2024.
5. The Chairman of the Management Board of KEGOC JSC (Nabi Aitzhanov) to take appropriate measures arising from this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
3. Conclusion of a major transaction between KEGOC JSC and a consortium consisting of EIS Corporation LLP, Building and construction LLP, and Scientific and Engineering Center Energetika LLP for the performance of works under the contract for complex turnkey construction works for "Construction of 500 kV overhead line 500 kV Ulke substation - 500 kV Kabatan substation" within the framework of West Kazakhstan Electricity Transmission Interconnection Project. Construction of Power Grid Facilities.
The Board of Directors made the following decision:
1. To conclude a major deal between KEGOC JSC and a consortium consisting of EIS Corporation LLP, Building and construction LLP, Scientific and Engineering Center Energetika LLP by signing a contract for the purchase of turnkey works under West Kazakhstan Electricity Transmission Interconnection Project. Construction of Power Grid Facilities. Construction of 500 kV overhead line of 500 kV Ulke substation - 500 kV Kabatan substation" in the amount of KZT 138,380,856,096.00 (one hundred thirty-eight billion three hundred eighty million eight hundred fifty-six thousand ninety-six tenge 00 tiyn), including VAT.
2. The Chairman of the Management Board of KEGOC JSC (Nabi Aitzhanov) to take the measures necessary for the implementation of this decision.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
4. Acknowledgement of the Report on the implementation of major investment projects for Q2 2024.
The Board of Directors decided to acknowledge the Report on the implementation of major investment projects of KEGOC JSC for Q2 2024.
PRO: seven;
CONTRA: none;
ABSTAIN: none.
5. Amendments to the composition of the Audit Committee of the Board of Directors.
The Board of Directors made the following decision:
1. Prematurely terminate the powers of Maksata Myrzatai, the non-voting expert of the Audit Committee of the Board of Directors of KEGOC JSC.
2. To elect Manar Orazov as the non-voting expert of the Audit Committee of the Board of Directors of KEGOC JSC.
PRO: seven;
CONTRA: none;
ABSTAIN: none.