Jsc Halyk Reg S Regulatory News (HSBK)

29 Apr 2009 14:41



29 April 2009

Joint Stock Company 'Halyk Saving Bank of Kazakhstan'

Resolutions adopted at the Annual General 

Shareholders' Meeting held on 23 April 2009

Following the Annual General Shareholders' Meeting held on 23 April 2009 at "Aport Ballroom" Conference hall, "Holiday Inn Almaty" hotel, 2D Timiryazev Str., Almaty, the Republic of Kazakhstan, the Board of Directors of JSC Halyk Bank (LSE: HSBK) hereby announces resolutions adopted at the Annual General Shareholders' Meeting:

1. JSC Halyk Bank's annual financial statements for the year ended 31 December 2008 together with the independent auditor's report was approved by a simple majority of votes.

2. The distribution of the Bank's net income for the year 2008 was approved by a simple majority of votes as follows: 

1) to allocate part of net income amounting to KZT 1,679,475,552 for payment of dividends on preferred shares of JSC Halyk Bank (NIN KZ1Р33870117) and preferred shares convertible to common shares of JSC Halyk Bank (NIN KZ1Р33870216), in the amount and order, stipulated in the prospectus for the issue of shares of JSC Halyk Bank (including the amount of taxes payable under the legislation of the Republic of Kazakhstan). 

2) not to pay dividends on common shares of JSC Halyk Bank as per results of operations of JSC Halyk Bank for 2008;

3) not to increase reserve capital;

4) the remaining part of net income received from JSC Halyk Bank's operations in 2008 to be allocated to retained earnings.

3. The composition of the Board of Directors of JSC Halyk Bank was approved by a simple majority of votes to consist of seven members.

4. Ms. Umut Shayakhmetova and Mr. Franciscus Cornelis Wilhelmus (Frank) Kuijlaars were elected by means of cumulative voting as the new members of the Board of Directors of JSC Halyk Bank.

Mr. Kuijlaars was elected as an Independent Non-Executive Director.

The power of Ms. Shayakhmetova was set until the expiration of the power of acting Board of Directors of JSC Halyk Bank elected by the General Shareholders' Meeting held on 21 February 2008.

The power of Mr. Franciscus Cornelis Wilhelmus (Frank) Kuijlaars was set from 1 June 2009 until the expiration of the power of acting Board of Directors of JSC Halyk Bank elected by the General Shareholders' Meeting held on 21 February 2008.

5. Deloitte, LLP was approved by a simple majority of votes as audit company conducting audit of JSC Halyk Bank's operations for 2009.

6. In relation to the Counting Board of JSC Halyk Bank, the following resolutions were adopted by a simple majority of votes:

1) the number of members of the Counting Board of JSC Halyk Bank shall be five persons;

2) the term of authority of the Counting Board shall be one year. The term shall expire on the date of the annual general shareholders' meeting at which the new Counting Board is to be elected;

3) persons elected as members of the Counting Board of JSC Halyk Bank:

Ilmira Razumova (Chairperson of the Counting Board);

Zhanar Bayatanova;

Gulziya Madazimova;

Gabbas Ilyussinov;

Yelena Khmyz.

7. Take into consideration of the Annual General Shareholders' Meeting information on the amount and structure of remuneration of the members of the Board of Directors and the Management Board of JSC Halyk Bank.

8. Take into consideration of the Annual General Shareholders' Meeting information with regard to shareholder's appeals to actions of JSC Halyk Bank and its officials and the results of such consideration.

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