Kazakhtelecom JSC (31, Abay Ave., 010000, Astana) notifies its shareholders on results of annual general meeting of shareholders, held on 31 May 2011

By issue №1 of the agenda «On approval of audited consolidated financial statements of Kazakhtelecom JSC for 2010, prepared pursuant to the International standards of financial statements»

Pursuant to sub-clause 7) clause 1 article 36 of the Law of Republic of Kazakhstan «On joint-stock companies» and sub-clause 9) clause 1 article 29 of Kazakhtelecom JSC Statutes, annual general meeting of shareholders of Kazakhtelecom JSC RESOLVED:

To approve audited consolidated financial statements of Kazakhtelecom JSC for 2010, prepared pursuant to the International standards of financial statements.

Simple majority of shareholders’ voices present on the meeting is required for making a decision on this issue.

By results of vote RESOLUTION ACCEPTED UNANIMOUSLY.

By issue  №2 of the agenda «On order of distribution of Kazakhtelecom JSC net profit for 2010, payment of dividends by ordinary shares and approval of dividend as per one ordinary share»

Pursuant to the sub-clause 8) clause 1 article 36 of the Law of Republic of Kazakhstan «On joint-stock companies» and sub-clause 10) clause 1 article 29 of Kazakhtelecom JSC Statutes, annual general meeting of shareholders of Kazakhtelecom JSC RESOLVED:

1.  to approve the following order of distribution of consolidated net profit of Kazakhtelecom JSC for 2010 in amount of 34 219 652 000 (thirty four milliard two hundred nineteen millions six hundred fifty two thousand) tenge:

-  17,5 % of consolidated net profit in amount of 5 988 432 991 (five milliards nine hundred eighty eight millions four hundred thirty two thousand and nine hundred ninety one) tenge 10 (ten) tiyn shall be paid as dividends by results of 2010;
-  the remaining part of consolidated net profit in amount of 28 231 219 008 (twenty eight milliards two hundred thirty one millions two hundred nineteen thousand and eight) tenge 90 (ninety) tiyn shall be at Kazakhtelecom JSC disposal;

2. to approve dividend amount by results of 2010 by ordinary shares of Kazakhtelecom JSC in amount of 528 (five hundred twenty eight) tenge 73 (seventy three) tiyn as per 1 (one) ordinary share;

3. to determine start date for payment of dividends by ordinary shares of Kazakhtelecom – 30 June 2011;

4. to approve order for dividends payment by ordinary shares of Kazakhtelecom JSC – by two equal payments once a month;

5.  to approve the form of dividends payment by ordinary shares of Kazakhtelecom JSC – money, to shareholder’s bank account.

Qualified majority of voices from total voting shares is required for making a decision by this issue pursuant to the clause 2 article 29 of Kazakhtelecom JSC Statutes.

By results of voting DECISION ACCEPTED BY QUALIFIED MAJORITY FROM TOTAL VOTING SHARES.

By issue №3 of the agenda «On considering Kazakhtelecom JSC shareholders’ appeals to company’s actions and its officials for 2010»

Due to the absence of such appeals information shall be considered without vote.

By issue №4 of the agenda «On determining “Earnst&Young” LLC as auditing company, performing audit of consolidated annual financial statements of Kazakhtelecom JSC for 2011»

Pursuant to the sub-clause 6) clause 1 article 36of the Law of Republic of Kazakhstan “On joint-stock companies” and sub-clause 8) clause 1 article 29 of Kazakhtelecom JSC Statutes, annual general meeting of shareholders of Kazakhtelecom JSC RESOLVED:

By results of held tender,determine Earnst&Young LLC as auditing company for 2011 for audit of consolidated annual financial statements of Kazakhtelecom JSC.

Simple majority of shareholders’ voices present on the meeting is required to making a decision on this issue.

By results of vote DECISION ACCEPTED UNANIMOUSLY.


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