Shareholders of Foreign insurance company Kazakhinstrakh JSC (Kazakhstan) postponed consideration of question about distribution of net profit till the next meeting

/KASE, July 1, 05/ - Foreign insurance company Kazakhinstrakh JSC (Almaty, hereinafter - company), whose common shares are circulating in the official "A" listing category of Kazakhstan Stock Exchange (KASE), provided KASE with copy of the minutes of annual general meeting of its shareholders, which was held on June 24, 2005. According to the agenda of the meeting shareholders approved financial statement for 2004, decision of the Board of directors about conclusion of deals, in which there is interest, and also accepted the following decisions (below quotations from the text of the above minutes of the meeting are given): "To charge Chairwoman, member of the Board of directors of Kazakhinstrakh JSC Mrs. Medeusheeva D.T. with preparation of calculation of net profit amount, which may be used for payment of dividends to shareholders without damage to company's activity, allowing to provide observation of prudential normative established by acts of authorized body and future development of the company." "Board of directors of Kazakhinstrakh JSC should submit a question about distribution of company's net profit for 2004 and acceptance of decision about payment of dividends on common shares to prescheduled general meeting of shareholders." Company's primary activity is insurance activity. [2005-07-01]