/KASE, May 18, 07/ - Exploration Production KazMunayGas JSC
(Astana), shares of which are traded in Kazakhstan stock exchange's
(KASE) category "A" official list had spread today the press-release in which
the following is informed:
Quotation bein
Astana, May 18, 2007 Exploration Production KazMunayGas JSC (EP KMG,
Company) conducted the annual general meeting of shareholders.
Shareholders of EP KMG confirmed the financial statement of the Company
for year 2006 and order of distribution of net income by results of year 2006.
By decision of shareholders, size of dividend per one share (both common
and preferred) will make KZT500. In accordance with recommendation of
Board of directors, the dividend fro year 2006 consists from common annual
dividend in size of 15% from net income and special dividend, which will let
the Company to distribute among its shareholders the part of additional
income, received in year 2006 due to factors of disposable unscheduled
character. The payment of special dividend will not influence on financing of
investment projects of EP KMG. Total amount of dividend for year 2006
totals about KZT37 bn. (more than $300).
Payment of annual dividend by results of year 2006 will be paid to
shareholders of the company as of May 28, 2007. Payment of dividend will
start since July 2, 2007.
Shareholders were also informed about next questions:
- About addressing of shareholders, directed to the Company and about
results of their consideration;
- About size and staff of remuneration to members of Council of directors
and Board of the Company;
- About examination of annual repot of the Company for year 2006.
FOR REFERENCE
EP KMG - is the third Kazakhstan company according to volume of oil
extraction, with volume of proved and possible reserves 203.2 tons (1.5 bn.
barrels) as of end of year 2006 and level of extraction, exceeded 9.5 m. tons
(192 th. barrels per 24 hours) in year 2006. The recent purchasing of 50%-ge
stake in Kazgermunay let EP KMG to take the second place according to oil
extraction in Kazakhstan. Company is working on 44 oil and gas fields,
situated in the regions of Atyrau and Mangystau on the west of Kazakhstan.
In these regions Company is also maintaining the exploration works.
Shares of the Company had passes the listing on Kazakhstan Stock
Exchange, and global depositary receipts - on London Stock Exchange.
During IPO in September of 2006 the Company borrowed about $2 bn. total
amount of common shares of the Company makes 70,220,935, from which
43,087,006 or 61.36% belong to NC KMG. One GDR corresponds 1/6 of
common share. Total amount of preferred shares of the Company makes
4,136,107 copies.
Contact information:
EP KMG JSC,Public relations (+7 3172 977908, +7 3172 977924)
Lyazzat Kokkoxova
e-mail: pr@kmgep.kz
EP KMG JSC, Institutional investors connections (+7 3172 975433)
Alexey Gladyshev
e-mail: ir@kmgep.kz
WMC Communications Ltd (+44 207 930 9030)
Elena Dobson
e-mail: Elena.dobson@wmccommunications.com
Quotation end
Full version of press-release of Exploration Production KazMunayGas JSC is
available at
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_180507.pdf - in
Russian language;
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_180507e.pdf - in
English language.
[2007-05-18]