Kazakhstan Stock Exchange announces decisions of annual general meeting of shareholders held on May 30, 2024

30.05.24 18:50
/KASE, May 30, 2024/ – Kazakhstan Stock Exchange (hereinafter referred to as the Exchange) reports that on May 30, 2024, the annual general meeting of shareholders of the Exchange was held, at which the following decisions were made: 1. Take note of the report on the Exchange's activities in 2023. 2. Take note of the Exchange's sustainability report for 2023. 3. Approve changes and addition No. 1 to the Exchange's Dividend Policy. 4. Approve the separate and consolidated annual financial statements of the Exchange for 2023 with the independent auditor's report. 5. The net income (profit) of the Exchange for 2023 in the amount of 18,518,265 thousand tenge should be distributed as follows: 9,259,132.5 thousand tenge (50 %) will be used to pay dividends to shareholders of the Exchange, 9,259,132.5 thousand tenge (50 %) will be allocated for the development of the Exchange. Determine the amount of dividend per common share of the Exchange – 8,611.30 tenge. 6. Appoint Ernst & Young LLP as the Exchange's audit organization for the purpose of auditing the Exchange's annual financial statements for 2024. 7. Take into account the information on the amount and composition of remuneration for members of the Exchange's Board of Directors and Management Board for 2023. 8. Pay annual bonuses to members of the Exchange's Board of Directors based on work results for 2023. 9. Determine the quantitative composition of the Exchange's Board of Directors – 10 people, including: three non-elected members of the Board of Directors (a representative from the authorized body for regulation and development of the financial market and financial organizations, a representative of the National Bank of the Republic of Kazakhstan on the basis of paragraph 4 of Article 84 of the Law on the Securities Market and the Chairman of the Exchange's Management Board (ex officio) on the basis of subparagraph 2) of paragraph 3 of the article 17 of the Exchange's Charter); four representatives of interests of the Exchange's shareholders; three independent directors of the Exchange. Determine that the term of office of the elected members of the Board of Directors begins from the date of their election and expires at the time of the annual general meeting of shareholders of the Exchange, which will be devoted to the consideration of the annual financial statements of the Exchange for 2026. Elect Y. Abdrazakov, Y. Birtanov, V. Krekoten, Y. Salimov as members of the Board of Directors who represent interests of the Exchange's shareholders. Elect Jan Willems, Doron Izraeli, A. Yelemessov as members of the Board of Directors and independent directors of the Exchange. 10. Determine, starting June 1, 2024, the amount of monthly remuneration for members of the Exchange's Board of Directors for performance of their duties. 11. Take into account the information about the absence of shareholder complaints in 2023 regarding the actions of the Exchange and its executives regarding its activities. 12. Approve changes and additions No. 7 to the Exchange's Charter. The press release on the results of the annual general meeting of shareholders of the Exchange is posted on KASE's Internet resource: - https://kase.kz/files/press/kz/30_05_2024_GOSA_kaz.pdf – in Kazakh language; - https://kase.kz/files/press/kz/30_05_2024_GOSA_rus.pdf – in Russian; - https://kase.kz/files/press/kz/30_05_2024_GOSA_eng.pdf – in English. [2024-05-30]