Kazakhstan Stock Exchange announces decisions of AGM of shareholders held on May 25, 2017

25.05.17, 18:32
/KASE, May 25, 2017/ – Kazakhstan Stock Exchange (the Exchange) announces that on May 25, 2017 the annual general meeting of its shareholders was held and the following decisions were taken: 1. To take note of operations of the Exchange in 2016. 2. To approve 2016 annual financial statements of the Exchange. 3. To approve the Exchange's 2016 net income distribution procedure: – not to pay out dividends on ordinary shares of the Exchange based on 2016 results; – to spend the net income (profit) of the Exchange in the amount of KZT734,026,766.07 on the Exchange development 4. To approve BDO Kazakhstan as the audit company for purposes of auditing 2017 annual (consolidated and separate) financial statements of the Exchange. 5. To take note of the fact of absence of shareholders' claims over actions of the Exchange and its executives. 6. To take note of the amount and composition of remuneration of members of the Board of Directors and Management Board. 7. To early discontinue powers of a member of the Board of Directors – independent director of the Exchange A. Babaev as of May 25, 2017. To appoint S. Ainabaeva a member of the Board of Directors – independent director of the Exchange as of May 25, 2017. 8. To pay bonuses to members of the Exchange's Board of Directors based on their 2016 work. 9. To determine the amount of monthly remuneration to members of the Exchange's Board of Directors as of June 1, 2017. 10. To approve changes No. 2 to the Exchange's charter and authorize A. Aldambergen to sign changes No. 2 to the Exchange's charter. 11. To approve change and addition No. 1 to the Regulations on the Board of Directors with coming into effect of those change and addition as of June 1, 2017. 12. To approve changes No. 1 to the Methodology of defining the value of shares of Kazakhstan Stock Exchange at their buyback with their coming into effect as of June 1, 2017. KASE press release on results of the Exchange's operations in 2016 is available at http://www.kase.kz/files/press/ru/25_05_2017_GOSA.pdf [2017-05-25]