Outcomes of the KEGOC Annual General Shareholders’ Meeting

English

Astana                                                                                              30 April 2015                                                                        

 

On 30 April 2015, the first Annual General Shareholders’ Meeting was held in KEGOC (hereafter – the Company), where a number of issues was reviewed. In particular, the issues included approval of the annual financial statements, procedure for distribution of net profit, decision on dividend payment on ordinary shares, and approval of the amount of dividends per one ordinary share of KEGOC for 2014.

 

Shareholders approved KEGOC’s annual financial statements for 2014, according to which the Company’s net profit amounted to 8.6 billion tenge.

 

The Annual General Shareholders’ Meeting also made a decision to distribute 99.97% of the 2014 net profit among all holders of KEGOC ordinary shares, which amounted to thirty three tenge and 13 tiyn (33.13 tenge) per one KEGOC ordinary share.

 

The list of the Company’s shareholders with the right to obtain dividends on the Company ordinary shares following the results of 2014 will be formalised at 00:00 o’clock on 15 May 2015. Paymentofdividendswillcommenceon25 May 2015.

 

Furthermore, the General Shareholders’ Meeting made a decision on the quantitative composition of KEGOC Board of Directors to include six persons, and a decision to elect the members of KEGOC Board of Directors as follows:

 

1)      Kuanysh Bektemirov – Chief Asset Management Officer, Samruk-Kazyna;

 

2)      AnatoliySpitsyn – independent director;

 

3)      Luсa Sutera – independent director;

 

4)      Dominique Fache – independent director;

 

5)      Janusz Bialek – independent director;

 

6)      Bakytzhan Kazhiyev – Chairman of KEGOC Management Board.

 

Kuanysh Bektemirov was elected to chair KEGOC Board of Directors. Term of office of KEGOC Board of Directors is three (3) years.

 

 

 

Contact information

 

59 Tauyelsizdik, Almaty District, Astana,

 

010010, RepublicofKazakhstan

 

Tel.: +7 (7172) 690-468, +7 (7172) 690-203
Fax: +7 (7172) 690-455
E-mail: kegoc@kegoc.kz

 

 

 

About the Company

KEGOC is a System Operator of the Unified Power System of the Republic of Kazakhstan; it owns and operates the assets of the National Power Grid (NPG). The main types of its activity relate to the natural monopoly sector. The Company owns 35-1150kV transmission lines of 24.565 thous. km long, as well as 77 substations with 36,355.05 MVA installed capacity of transformers which form the National Power Grid of Kazakhstan. Over 4700 people are working in the Company. For more information visit the corporate web-site www.kegoc.kz