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]