Almaty Kus OJSC (Kazakhstan) distributed KZT15.2 m in dividends on preferred shares of the 1st and 3rd issues

/KASE, March 29, 04/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities are circulating in official "A" listing category of Kazakhstan Stock Exchnage Inc. (KASE), provided KASE with a copy of minutes of annual shareholders meeting, which took place on January 12, 2004. Compliant with the agenda of the meeting, shareholders of Almaty Kus OJSC approved financial statements for 2002 and adopted following decisions. To distribute undistributed income for 2002 in amount of KZT2,009.0 th in form of dividends on preferred shares of Almaty Kus OJSC. To distribute 10 percent of income for 2002 (KZT200.9 th) to pay out dividends on arrears on preferred shares of the first issue (in compliance with Prospectus - KASE note) The amount of dividend per each preferred share of the first issue (NIN - KZ1P31690111) totaled KZT0.039. Shareholders also decided on ex-dividend day for the preferred first-issue shares, which is December 13, 2003, and the beginning day of dividends payment (for same securities) - February 1, 2004. Remaining part of the net income for 2002 in amount of KZT1,808.1 th shall be distributed to pay dividends in arrears on preferred shares of the third issue (NIN- KZ1P31690319). Deficient amount KZT13,191.9 th shall be paid out at the expense of retained earnings of the company, which equal KZT47,245.0 th as per audited financial statements. Shareholders concluded that dividend amount per each preferred share of the third issue equaled KZT1.5 (in compliance with Prospectus of the issue- 15% of par value, which is KZT10.0 - KASE note). Shareholders decided on ex-dividend day for the preferred third-issue shares, which is December 13, 2003, and the beginning day of dividends payment (for securities of the same issue) - February 1, 2004. Dividends on preferred shares of the first and third shares shall be distributed in cash or non-cash form upon agreement between parties. Information on period and procedure for dividends payment on preferred shares must be published in periodical within 5 working days prior to dividends payment day. Dividends on common shares of the company are not declared. The announcement stating that no dividends on common shares are paid must be published in a periodical within a period and procedure, prescribed by the law on joint-stock companies. Almaty Kus shareholders approved the decision of its Board of Directors dated October 22, 2003 about providing a KZT5 m guarantee in favour of NURBANK OJSC to set a credit limit for a physical person. Principal activities of the company: the Company produces and markets poultry, pedigreed and for-sale eggs, chicken, egg powder and also provides leasing services. [2004-03-29]