ForteBank shareholders determine composition, terms of office and elect members of the bank's Board of Directors

06.03.19 10:33
/KASE, March 6, 2019/ – ForteBank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a press release on results of voting at the extraordinary general meeting of shareholders held on March 4, 2019: quote ForteBank JSC (Management Board is located at: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan) (hereinafter the "Bank") hereby announces the voting results at the extraordinary general meeting of the Bank shareholders (hereinafter the "Meeting") held on March 04, 2019 from 10.00 to 11.00 by Astana standard time, at the following address: "Astana" Conference Room, 8th floor, 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan. According to the approved agenda, the following issue was considered at the Meeting: "On determining the number of members, term of appointment of the Bank's Board of Directors, election of the members thereof, and determining the amount of remuneration thereto". Based on the results of voting at the Meeting, the resolutions were passed as follows: - the powers of the Board of Directors of the Bank composed of Magzhan Auezov, Anuar Utemuratov, Timur Issatayev, Rustem Bekturov, Hubert Albert Pandza were terminated ahead of time; - the composition of the Board of Directors of the Bank has been determined in the number of six persons with a term of office that expires at the time of the annual general meeting of shareholders of the Bank in 2022; - Mr. Magzhan Auezov, Mr. Anuar Utemuratov and Mr. Timur Issatayev were elected as members of the Board of Directors of the Bank – representing interests of Mr. B. Utemuratov, a shareholder of the Bank; - Mr. Rustem Bekturov, Mr. Hubert Albert Pandza and Mr. Yeldar Abdrazakov were elected as members of the Board of Directors of the Bank – independent directors of the Bank; - the amount of monthly fixed remuneration of the members of the Board of Directors of the Bank has been determined, and it was established that other payments, as well as reimbursement of expenses to the members of the Board of Directors of the Bank, shall be carried out in the amount and in the manner set by the Policy of Remuneration of members of the Board of Directors of ForteBank JSC, and reimbursement of expenses thereof. unquote The full press release is available on KASE website – http://kase.kz/files/emitters/ASBN/asbn_reliz_050319_1.pdf [2019-03-06]