OREANDA-NEWS. July 02, 2010. Kazakhstan Stock Exchange (KASE) informs that it held shareholders annual general meeting where following decisions have been made, reported the press-centre of KASE:

- approve KASE Y2009 annual report;

- approve KASE Y2009 consolidated financial statements;

- approve the following order of KASE Y2009 net income distribution:

  - 40 % from the net income allocate for dividends payment to KASE shareholders;

  - 60 % from the net income allocate for KASE development;

- consider the information on absence of shareholders appeals to KASE and its officials actions;

- consider the information on size and content of KASE Board of Directors and Managing Board members interest;

- award the Exchange Board of Directors members, who actively participated in the Exchange Board of Directors last composition activities;

- define Deloitte LLP (Almaty) as an auditing organization to audit KASE financial statements for 2010-2012;

- approve amendments # 7 to the KASE charter and amendments # 1 to the KASE Corporate Management Code;

- define the elected composition of Exchange Board of Directors in the number of 15 people with the structure below:

  - three representatives of government agencies - the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (by act of law), the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty (by act of law), the National Bank of the Republic of Kazakhstan (according to the KASE charter);

  - 6 representatives of KASE shareholders;

  - 5 independent directors;

  - the Exchange President (ex officio, according to the KASE charter);

- elect the new Exchange Board of Directors composition with three years term of office.

According to the shareholders approved KASE consolidated financial statements by results of Y2008:

- the Exchange Group equity capital increased by KZT370.7 m or 27.5 % to KZT1,717.3 m;

- assets increased by KZT381.6 m or 26.7 % to KZT1,808.6 m;

- liabilities increased by KZT10.9 m or 13.6 % to KZT91.3 m;

- incomings if compared with 2008 increased by KZT192.9 m or 17.5 % to KZT1,297.6 m;

- expenses decreased by KZT112.2 m or 11.8 % to KZT841.5 m;

- the Group net income increased by 3.1 times to KZT369.7 m.