Kazakhstan Stock Exchange announces decisions of the Annual General Meeting of its shareholders held on May 30, 2018

30.05.18, 18:40
/KASE, May 30, 2018/ – Kazakhstan Stock Exchange (hereinafter, the Exchange) informs that the Annual General Meeting of its shareholders was held on May 30, 2018, and the following decisions were taken: 1. To take due note of the Exchange’s operations in 2017. 2. To approve the 2017 annual financial statements of the Exchange. 3. To refrain from paying dividends on common shares of the Exchange on the 2017 results; to spend net income (profit) in the amount of KZT792,808,633.79 (100 %) on the Exchange’s development. 4. To approve BDO Kazakhstan as the audit company of the Exchange for auditing 2018 annual (separate and consolidated) financial statements of the Exchange. 5. To take due note of the fact of absence of shareholders’ claims related to the actions of the Exchange and its executives in 2017. 6. To take due note of the the amount and composition of remuneration for members of the Board of Directors and of Management Board of the Exchange. 7. To approve Amendment No. 2 to the Regulations on the Board of Directors with effect from the date of its approval and to apply this amendment to annual bonuses of Board of Directors’ members for 2017 8. To pay annual bonuses to members of the Board of Directors based on their performance in 2017. 9. To determine the number of members of the Board of Directors as nine persons including: - Three non-elected members of the Board of Directors (two representatives of the National Bank of the Republic of Kazakhstan as an authorized body and the owner of "a golden share" and the Chairman of the Management Board of the Exchange by virtue of his/her position); - three members representing interests of the Exchange’s shareholders; - three independent directors of the Exchange. 10. To determine that the term of office of the elected Board of Directors’ members starts on the date of their election and ends on the date of the Exchange’s Annual General Meeting of shareholders, which will consider annual financial statements of the Exchange for 2020. 11. To elect E.S. Abdrazakov, T.Zh. Ayupov and V.A. Kyshpanakov as members of the Board of Directors representing interests of the Exchange’s shareholders. 12. To elect K.K. Damitov, I.L. Marich and M.Zh. Tashmetov as members of the Board of Directors that serve as independent directors of the Exchange. [2018-05-30]