/KASE, April 3, 2024, February 28, 2024 news repeat/ – Kazakhstan Stock
Exchange (KASE, or the exchange) notifies its shareholders of the need to
present candidates to the Exchange's Board of Directors.
In May 2024, there will be the annual general meeting of shareholders of the
exchange (AGM), dedicated to the results of KASE's activities for 2023. The
agenda of the AGM will be formed by the Board of Directors from an exhaustive
list of issues, one of which will be the issue of electing members of KASE's
Board of Directors.
In this regard, KASE asks shareholders to send no later than April 15, 2024
letters to the exchange with proposals on candidates to KASE's Board of
Directors.
According to item 5 of Article 54 of the Act of the Republic of Kazakhstan "On
the Securities Market", proposed candidates to KASE's Board of Directors must
have approval from the authorized body to occupy the positions of head and
members of the management body. An exception in this case will be candidates
for the positions of head or member of the management body who are independent
directors, who can be agreed upon with the authorized body both before their
election to the specified position and after.
In accordance with item 2 of Article 44 of the Act "On Joint-Stock Companies",
in a letter introducing a candidate for the position of a member of the Board
of Directors or a member of the management body who is an independent director,
it is necessary to reflect information in the form available at the link below.
In accordance with the Regulations on the Board of Directors, the letter of
nomination of a candidate must be accompanied by the consent of the candidate
for election to the position of a member of KASE's Board of Directors in the
form available at the link below.
Candidates for the position of a member of the Board of Directors must meet the
requirements for executive employees established by Article 54 of the Act of the
Republic of Kazakhstan "On the Securities Market", also candidates for the
position of an independent director must meet the requirements of sub-item 20)
of Article 1 of the Act of the Republic of Kazakhstan "On Joint-Stock
Companies".
When electing members of the Board of Directors, KASE shareholders consider
the presented candidates for their compliance with the requirements for
candidates, the legislation of the Republic of Kazakhstan, as well as the
qualification requirements determined by the Regulations on the Board of
Directors. In addition, a candidate to KASE's Board of Directors must guarantee,
undertake and ensure that: (a) neither this person nor its affiliates are
sanctioned persons or included in the sanctions lists of the United States of
America, the European Union and/or U.K.
If you have any additional questions, please call 8 (727) 237 5343.
The Regulations on the Board of Directors are available at
https://kase.kz/files/for_shareholders/pol_sd_eng.pdf
The notice to shareholder is posted at:
-
https://kase.kz/files/for_shareholders/24_02_22_notice_kaz.pdf – in Kazakh;
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https://kase.kz/files/for_shareholders/24_02_22_notice.pdf – in Russian;
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https://kase.kz/files/for_shareholders/24_02_22_notice_eng.pdf – in English.
[2024-04-03]