Results of the extraordinary General Meeting of KEGOC Shareholders

English

On 28 October 2015, KEGOC held an extraordinary General Meeting of Shareholders to review several issues. In particular, the meeting approved the distribution of the net income and decision to pay dividends on ordinary shares and the amount of the dividends per one ordinary share of KEGOC for the first half of 2016.

In accordance with the interim financial statements of KEGOC for the first half 2016, the net profit of the company amounted to KZT 16.2 billion.

The General Meeting of Shareholders decided to distribute 40% of the net income for the first half 2016 (KZT 6.48 billion) among all holders of KEGOC ordinary shares, which makes twenty four tenge and ninety three tiyn (KZT 24.93) per one ordinary share.

The list of KEGOC's shareholders, who has the right for dividends on ordinary shares for the first half of 2016, will be finalised on 13 November 2016. 14 November 2016 is the date of dividend payment start.

In addition, the General Meeting of shareholders decided to increase the number of members on the Board of Directors of KEGOC to eight (8) members. It elected the following members and their term of office shall be the same as the term of office of the Board of Directors of KEGOC in general:

1) Suinshlik Tiyessov,  representative of Samruk-Kazyna;

2) Zhanna Yegimbayeva, representative of Samruk-Kazyna.


         Suinshlik Tiyessov is an Honourable Power Engineer of the CIS and the Republic of Kazakhstan, power industry old-timer; was awarded the Orders of Barys (II and III categories), Medals of the Republic of Kazakhstan, Letter of Appreciation from the President of Kazakhstan. Mr Tiyessov has a large work experience as a whole and large experience in executive positions as a member of the board of directors, and has an impeccable business reputation. He has a wide range of knowledge, skills and competences, particularly, in developing Strategy, Investment, as well as profound theoretical and practical skills in human resources management.  

Suinshlik Tiyessov supervised commissioning of power-supply of Tengiz oil-gas field: 240 MW gas-turbine power plant, 220 kV lines (1500 km) from Mangistau Power Complex to Uralskaya SS and eight 110-220 kV substations were built and Guryevsk CHPP was rehabilitated.

Being the First Deputy of the Minister for Energy and Coal Industry of the Republic of Kazakhstan, he managed the group developing the First Programme for Restructuring, Privatisation and Reforming the Electric Power Industry, building a competitive electricity market in the Republic of Kazakhstan and implemented anti-crisis management of the electric power industry in Kazakhstan during severe times of the national economy downturns.    

Zhanna Yegimbayeva has an extensive experience in jurisprudence, executive positions as Head of Legal Division Sector at the Office of the President and the Cabinet of Ministers in the Republic of Kazakhstan; Deputy head of Prime-Minister’s Office of the Republic of Kazakhstan, Government Office of the Republic of Kazakhstan, Deputy Head of the Office of the Prime Minister of the Republic of Kazakhstan, has an impeccable business reputation. She has a wide range of knowledge, skills and competences, particularly, in jurisprudence. She is an independent director of the Board of Directors of KazAgro National Management Holding (since 02 June 2016).

 

The members of the existing Board of Directors of KEGOC are:

Kuanysh Bektemirov, chairman of the Board of Directors of KEGOC;

Suinshlik Tiyessov, representative of Samruk-Kazyna;

Zhanna Yegimbayeva, representative of Samruk-Kazyna;

Anatoliy Spitsyn, independent director;

Luca Sutera, independent director;

Janusz Bialek, independent director;

Dominique Fache, independent director;

 

Bakhytzhan Kazhiyev, chairman of the Management Board of KEGOC.