In accordance with subparagraph 12), paragraph 25, Article 1 of the Law of the Republic of Kazakhstan On Amendments and Addenda to Certain Legislative Acts of the Republic of Kazakhstan Concerning the Improvement of Civil, Banking Legislation and Improving the Conditions for Entrepreneurial Activity dated February 27, 2017 No. 49-VI ZRK, the conditions, under which information on major transactions and transactions in which the Company has an interest must be disclosed, have been changed.
According to these changes, the Company shall disclose on Internet resources of the Financial Statements Depository, the Kazakhstan Stock Exchange and the Company the information on major transactions and transactions that simultaneously meet the following conditions: are transactions in which the Company has an interest and are related to the acquisition or disposal of property, the value of which is ten or more percent of the total book value of the Company's assets as of the date of adoption by the authorized body of the Company of decision on conclusion of such transactions.
In accordance with paragraph 3, Article 38 of the Charter of KEGOC JSC, a major transaction is:
1) a transaction or a set of interrelated transactions, as a result of which the Company acquires or alienates (may acquire or alienate) property with a value of ten and more percent of the total book value of the Company's assets;
2) a transaction or a set of interrelated transactions, as a result of which the Company can buy out its placed securities or sell purchased securities of the Company in the amount of twenty five and more percent of the total number of placed securities of one type.
Interested party transactions, in accordance with Article 71 of the Law of the Republic of Kazakhstan On Joint-Stock Companies, include transactions of the Company made with its affiliates.