On 30 March 2018 a meeting in preasentia was held by KEGOC's Board of Directors

English

On 30 March 2018 a meeting in preasentia was held
by KEGOC's Board of Directors

KEGOC's Board of Directors' meeting was attended by:

1.Anatoliy Spitsyn, Director of the Institute of Strategic Studies of the Eurasian Economic Community Integration Problems, the Chairman of the Supervisory Board of Karagandy Compound Alloy Plant, Independent Director.

2.Luca Sutera, Chief Financial Officer, member of NEBRAS POWER Management Board (Qatar Independent International Energy Company), Independent Director.

3.Dominique Fache, member of RTF Board of Directors at Sophia Antipolis Science Park, Independent Director.

4.Janusz Bialek, Director of the Skoltech Center for Energy Systems, Independent Director.

5.Suinshlik Tiyessov, representative of Samruk-Kazyna, Member of KEGOC's Board of Directors.

6.Zhanna Yegimbayeva, representative of Samruk-Kazyna, Member of KEGOC's Board of Directors.

7.Bakytzhan Kazhiyev, Chairman of the Management Board of KEGOC.

 

The Board of Directors' meeting on 30 March 2018 considered 14 issues.

The information below is disclosed in accordance with the List of information to be disclosed to the shareholders and investors about the decisions made by the Board of Directors of KEGOC (the list was approved by the Board of Directors on 13 July 2017, Minutes No. 6).

 

1.Preliminary approve the annual financial statements, consider allocation of net income and payment of dividends on ordinary shares including the amount of the dividends per one ordinary share of KEGOC for 2017.

The Board of Directors made the following decisions:

1.Preliminarily approve KEGOC's annual financial statements for 2017.

2.Submit in accordance with the established procedure the financial statements of KEGOC for 2017 for the final approval to the general meeting of shareholders of KEGOC.

3.Propose to the general meeting of shareholders of KEGOC to allocate 70% of net income for 2017 net of dividends paid for H1 2017 in the amount of KZT                    10 433 744 219.30 (ten billion four hundred thirty three million seven hundred forty four thousand two hundred and nineteen tenge thirty tiyn)  to all holders of ordinary shares of the Company, which will make KZT 40.13 (forty tenge thirteen tiyn) per one ordinary share.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

 

2.Approve KEGOC's Annual Report 2017.

The Board of Directors made the following decisions:

1.To approve KEGOC's Annual Report for 2017.

2.After approval by the general meeting of shareholders of the financial statements of KEGOC for 2017, include it in the Annual Report of KEGOC for 2017.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

 

3.Approve the organizational structure and total number of employees of KEGOC's head office.

The Board of Directors made the following decisions:

1.Approve the new revision of the organizational structure of the head office.

2.Recognize null and void the organizational structure of the head office approved by the Board of Directors of KEGOC on 28 October 2016 (Minutes No. 12) and item 1 of the decision of the Board of Directors of KEGOC dated 13 July 2017 (Minutes No. 6) on amendments to the organizational structure and approval of the total number of employees of the head office of KEGOC.

3.The Chairman of Management Board of KEGOC (Bakytzhan Kazhiyev) shall take appropriate actions arising from this decision.

PRO: six;

CONTRA: none;

ABSTAIN: one.

 

4.Review the amendments to the List of issues that shall be decided by the Board of Directors and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC.

The Board of Directors made the following decisions:

Amendment the List of issues that shall be decided by the Board of Directors of KEGOC and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC (hereinafter referred to as "the List"):

Complete clauses 45, 46 of the List as follows:

"45.Review of the progress report for the succession plan of the members of the Board of Directors, Management Board and other employees of the KEGOC;

46.Approval of the maximum remuneration of the management staff.».

PRO: seven;

CONTRA: none;

ABSTAIN: none.