Kazakhstan Stock Exchange informs about decisions of Annual general meeting of shareholders held on May 15, 2015

19.05.15, 13:06
/KASE, May 19, 15/ – Kazakhstan Stock Exchange JSC (KASE or Exchange), located at: 280 Baizakov St., Almaty, Republic of Kazakhstan, Almaty Towers, North Tower, 8th Floor, 050040, announces that on May 15, 2015 at 15:00 ALT an annual general meeting of its shareholders at the above address was held with the following agenda: Operations of the exchange in 2014. Approval of 2014 annual financial statements of the exchange. Exchange's 2014 net income distribution procedure. Approval of the audit company for the purpose of auditing 2015 annual financial statements of the exchange. Shareholders appeals to the exchange and its officers and results of their consideration. Size and composition of remuneration payable to members of the Exchange Board of Directors and Exchange Management Board in 2014. Approval of revised charter of the exchange. Remuneration payable to the members of the Exchange Board of Directors. Early termination of powers of members of the Exchange Board of Directors. Approval of quantitative composition, term of office of the members of the Exchange Board of Directors, election of members of the Exchange Board of Directors. At the said meeting KASE shareholders adopted the following resolutions: To approve annual KASE 2014 financial statements. Votes: "For" – 899,514 "Against" – 0 "Abstained" – 0 To approve the following allocation procedure of 2014 KASE net income (profit): not to pay dividends on common shares of KASE based on 2014 results; net income (profit) KASE for 2014 in the amount of KZT585,134,895 and 01 tiyn shall be allocated for KASE development purposes. Votes: "For" – 841,343 "Against" – 34,171 "Abstained" – 24,000 To approve Ernst & Young LLC as the audit company for the purpose of auditing 2015 annual financial statements of the exchange. Votes: "For" – 893,514 "Against" – 0 "Abstained" – 6,000 To approve the revised charter of the Exchange and authorize M. Kabashev to sign the revised charter of the Exchange. The charter approved by the decision of the Extraordinary General Meeting of Shareholders of Kazakhstan Stock Exchange JSC (Minutes of November 27, 2003, No. 7) to deem repealed; Votes: "For" – 899,514 "Against" – 0 "Abstained" – 0 To pay out an annual bonus to members of the Board of Directors based on the results of their 2014 performance. Votes: "For" – 893,514 "Against" – 0 "Abstained" – 6,000 To prematurely terminate powers of members of the Exchange Board of Directors elected by the decisions of the general meeting of shareholders of the Exchange of May 30, 2012, October 10, 2012 and April 18, 2014. Votes: "For" – 875,514 "Against" – 0 "Abstained" – 24,000 To approve quantitative composition of members of the Board of Directors – eight members, including: two non-electable members of the Board of Directors (one representative of the National Bank of Kazakhstan as the authorized body and the owner of the "golden share" and Chairman of the Management Board of the Exchange ex officio); three representatives of the interests of shareholders of the Exchange; three independent directors of the Exchange. Votes: "For" – 893,514 "Against" – 0 "Abstained" – 6,000 To determine that the term of office of the elected members of the Board of Directors shall start on the date of their election and expire on the date of the annual general meeting of shareholders of the Exchange to consider 2017 annual financial statements for the Exchange. Votes: "For" – 893,514 "Against" – 0 "Abstained" – 6,000 Election of members of the Board of Directors. "To elect 3 members of the Board of Directors who are representatives of the interests of the shareholders of the Exchange out of the following candidates with the most votes: Candidate Name Number of votes --------------------- --------------- Eldar Abdrazakov 491,322 Arnat Abzhanov 330,506 Azamat Dzholdasbekov 1,415,847 Victor Kyshpanakov 460,867 ------------------------------------- Based on the voting results the following candidates with the highest number of votes were elected as members of the Board of Directors – representatives of shareholders: Y. Abdrazakov, A. Dzholdasbekov, V. Kyshpanakov. * * * The wording of the resolution put to the vote: "To elect the following 3 candidates as independent directors of the Exchange: Candidate Name Number of votes ---------------- --------------- Arif Babayev 1,017,261 Zhanat Kurmanov 617,205 Mirlan Tashmetov 987,594 -------------------------------- Based on the voting results the following candidates were elected as independent directors of the Exchange: A. Babayev, Zh. Kurmanov, M. Tashmetov [2015-05-19]