45XV Fortebank 14% S

TIDM45XV TIDMTTM

RNS Number : 1718G

Fortebank Joint Stock Company

24 May 2017

PRESS RELEASE

ON VOTING RESULTS

AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS of FORTEBANK JSC

ForteBank JSC (Management Board is located at: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan) (hereinafter the "Bank") hereby announces the voting results at the Annual General Meeting of the Bank Shareholders (hereinafter the "Meeting") held on 15 May 2017 from 12.00 to 13.00 by Astana standard time, at the following address: Pavlodar Conference Room, 8(th) floor, 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan.

In accordance with the approved agenda, the following issues were considered at the meeting, and following resolutions were passed based on the voting results.

* * *

Issue 1 of the agenda "On approval of 2016 annual financial statements of the Bank"

Approve the attached annual financial statements of the Bank for the year ended 31 December 2016.

* * *

Issue 2 of the agenda "On approval of the treatment of the net income of the Bank for 2016, and amount of dividend per ordinary share of the Bank"

1. Approve the distribution order of the part of retained earnings of ForteBank JSC for 2016 as following:

          -    the amount up to a maximum of KZT 4 650 000 000,00 (four billion six hundred and fifty million tenge) to be allocated for payment of dividends; 

- the amount of net income remaining after the payment of dividends to be kept at the disposal of the

Bank.

2. Approve the amount of dividend per ordinary share of ForteBank JSC in the amount of KZT 0,05 (five tiyn), including the amount of taxes payable in accordance with the established Law of Republic of Kazakhstan.

3. Record the list of shareholders entitled to receive dividends as of 17 May 2017, 00:00 by Astana standard time.

4. Determine the date of commencement of dividend payment on ForteBank JSC ordinary shares - starting from 18 May 2017.

   5.     Approve the payment procedure - in one non-recurring payment. 

6. Approve the form of dividend payment on ordinary shares of ForteBank JSC located at: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan - in non-cash form as per the details of the shareholders in the system of Bank shareholders registers.

* * *

Issue 3 of the agenda "On the Report of the Board of Directors of the Bank for the past financial year"

Approve the Report of the Board of Directors for the past financial year.

* * *

Issue 4 of the agenda "On shareholders' appeals to the Bank and its' officers' actions, and results of consideration thereof"

Take into consideration the information that during 2016, the Bank received 55 appeals from its shareholders on accrual and payment of dividends on Bank shares, on sale of the Bank shares they own, and that upon consideration of those appeals, the Bank sent to those shareholders the letters with appropriate explanations.

* * *

Issue 5 of the agenda "On amount and composition of remuneration of members of the Board of Directors and the Management Board in 2016"

Take into consideration the attached information on amount and composition of remuneration for members of the Board of Directors and Management Board for 2016.

* * *

Issue 6 of the agenda "On approval of amendments to the Methodology for Share Price Determination when repurchased by ForteBank JSC"

Approve the amendments to the Methodology for Share Price Determination when repurchased by ForteBank JSC, being put into effect from the day following the day of approval.

* * *

Total common voting shares of the Bank represented at the Meeting during the whole time thereof - 73 714 243 282 (97,3008 % of the total outstanding common shares).

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBCGDUXBDBGRS

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May 25, 2017 02:00 ET (06:00 GMT)

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