19.07.2016, 15:32
KazMunaiGas Exploration Production Release Information Regarding Shareholder Services's
OREANDA-NEWS. KazMunaiGas Exploration Production (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release:
"The Independent Non-Executive Directors ("INEDs") of JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") welcome the reports of the leading corporate governance advisory institutions, ISS (Institutional Shareholder Services) and Glass Lewis, both of which have recommended that shareholders vote AGAINST ALL resolutions proposed by JSC NC KazMunayGas ("NC KMG") at the Extraordinary General Meeting ("EGM") due to take place on 3 August 2016. These reports support the recommendation of the INEDs as set out in the Response Circular ("Response Circular") dated 17 June 2016 that shareholders should vote AGAINST ALL the resolutions".
"The Independent Non-Executive Directors ("INEDs") of JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") welcome the reports of the leading corporate governance advisory institutions, ISS (Institutional Shareholder Services) and Glass Lewis, both of which have recommended that shareholders vote AGAINST ALL resolutions proposed by JSC NC KazMunayGas ("NC KMG") at the Extraordinary General Meeting ("EGM") due to take place on 3 August 2016. These reports support the recommendation of the INEDs as set out in the Response Circular ("Response Circular") dated 17 June 2016 that shareholders should vote AGAINST ALL the resolutions".
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