KASE shareholders approved Y2011 audited consolidated financial statements, decided not to pay dividends for Y2011 and elected KASE Board of Directors new composition

31.05.12 15:40
/KASE, May 31, 12/ - Kazakhstan Stock Exchange (KASE) informs that on May 30, 2012 it held shareholders annual general meeting, where were made the following main decisions. 1. Approve KASE Y2011 audited consolidated financial statements, according to which: - the exchange equity capital increased by KZT239,343 th. or by 11.5 % to KZT2,328,979 th.; - the assets increased by KZT440,406 th. or by 19.8 % to KZT2,661,544 th.; - the income, if compared with Y2010, decreased by KZT33,184 th. or by 2.9 % to KZT1,114,060 th.; - the expenses increased by KZT126,875 th. or by 16.3 % to KZT904,224 th.; - the net income decreased by 46.9 % to KZT162,145 th. 2. Approve the following order of KASE Y2011 net income: - do not pay dividends on KASE common shares for Y2011; - the Y2011 net income in the amount of KZT155,741 th. allocate for KASE development. 3. Approve changes and additions # 8 to KASE charter. 4. Early terminate authorities of KASE Board of Directors members based on KASE principal shareholders proposal. 5. Define the Board of Directors new composition in the number of 12 people with 2 years term of office. 6. Elect the Board of Directors new composition. Reference: - KASE Y2011 financial statements have been consolidated with financial statements of KZE subsidiaries LLP Information Agency for Financial Markets IRBIS and LLP eTrade.kz for the same period; LLP Delloite audited KASE Y2011 financial statements; - According to Y2011 results, KASE net income in unconsolidated financial statements made up KZT155,741 th., having exceeded the planned indicator by 53.9 %; - changes and additions # 8 to KASE charter have been made in terms of: KASE name; location; the "golden share" right to put a veto upon decisions of exchange bodies; the Board of Directors composition; setting the order of informing the Board of Directors on deals of KASE interest; the order of making decisions by KASE executive body; clarification of the executive body head authorities; changes in KASE Internet site and setting the order of provision to shareholders of KASE documents; - the Board of Directors new composition is available on KASE website at http://www.kase.kz/en/kase_management [2012-05-31]