KazTransCom JSC (Kazakhstan) for 2003 will pay KZT20.00 dividends for 1 preference share and KZT4.71 - for 1 common share

/KASE, November 24, 04/ - KazTransCom JSC (Almaty), whose bonds are circulating in the official listing of securities of "A" category of Kazakhstan stock exchange (KASE), provided KASE with copy of protocol of the second meeting of annual meeting of its shareholders, which was held in August 9, 2004 (August 5, 2004 meeting of annual general meeting of shareholders was not held in connection with quorum absence). At the meeting shareholders of KazTransCom JSC approved changed agenda of the meeting, members of accounting committee, annual audited financial statement of the company for 2003, and also have taken the following decisions: 1. Net income of the company for 2003 in the amount of KZT32,402,972 to distribute in the following way: - to change dividends on preference shares on the basis of KZT20.00 per 1 share for the total amount of KZT2,272,480 (with taxes); - to charge dividends on common shares on the basis of KZT4,71 per 1 share for the total amount of KZT9,369,368 (with taxes), payment of dividends in the amount of KZT7,957,000 after charging and deduction of taxes at the source of payment to fulfill with shares after their issue (dividends on common shares to direct for increase of authorized capital); - KZT20,761,124 to leave at the disposal of the company for its development. 2. To select auditor through open contest. 3. To approve primary floatation of coupon bonds of the company on average weighted rate of profitability 9.5108% with discount KZT207,166 th. and increase of liabilities of the company on these bonds by KZT3.0 bn. 4. To increase authorized capital of the company to KZT50,056,760 through additional emission of common shares in quantity of 397,850 pieces for the amount of KZT7,957,000 with stake of holders of common shares. 5. Board of the company should provide state re-registration of the company in Justice authorities and to fulfill registration of emission of announced shares of the company in authorized body. 6. To approve charter of KazTransCom JSC in new edition and to fulfill its state registration. 7. To order to the Board of the company to carry out the following works: - to specify list of shareholders, who have right of possession of preference shares of the company; - to give to those who have right to posses preference shares of the company missing number of shares at the expense of shares at reemission account; - on registration of property right for possession of preference shares at register holder of securities of the company. 8. To introduce shares of KazTransCom JSC in the official "A" listing category of KASE with fulfillment of all proper listing requirements. 9. To approve a number of transactions concluded by the company on decision of the Board of directors with affiliated persons of the company in the frame of approved budget and production program of the company. Primary activities of the company - communication services for oil and gas and other sector companies. [2004-11-24]