Development Bank of Kazakhstan announces sole shareholder's decision to omit payout of FY 2012 dividends on bank's common shares

25.04.13 14:38
/KASE, April 25, 13/ – JSC "Development Bank of Kazakhstan" (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following communiqué: quote On April 23, 2013 based on Order No. 134 of the deputy Prime-minister of the Republic of Kazakhstan – Minister of Industry and New Technologies, annual financial statements of JSC "Development Bank of Kazakhstan" (consolidated and consolidated) for the year ended on December 31, 2012 were approved. In accordance with this order it was decided to omit calculation and payout of dividends on common shares of Development Bank of Kazakhstan due for 2012. According to agreement No. 126-I on transfer of shareholding in JSC "Development Bank of Kazakhstan" into trust management of the Ministry of Industry and New Technologies dated November 7, 2011, the above-mentioned order is a decision of the person holding all voting shares of JSC "Development Bank of Kazakhstan". unquote [2013-04-25]