OREANDA-NEWS. "KazTransOil" JSC held its Annual General Meeting of shareholders.

A range of issues was provided for consideration of shareholders, including on confirmation of consolidated annual financial statements of “KazTransOil” JSC for 2012, confirmation of procedure of distribution of net profit of “KazTransOil” JSC for 2012, taking decision on dividends payment on ordinary shares, confirmation of size of dividend for 2012 in calculation per one ordinary share of “KazTransOil” JSC etc.

In line with resolution of shareholders meeting consolidated annual financial statements of “KazTransOil” JSC for 2012 was confirmed, according to which consolidated revenues from core activity of the company increased for 1.8% comparing to indicator of 2011 and comprised 143 bln 061 mln tenge, while consolidated net profit amounted to 33.5 bln tenge, exceeding the result of 2011 for 29.1%.

Also shareholders of “KazTransOil” JSC approved procedure of distribution of net profit for 2012 and decision on dividends payment on ordinary shares and confirmation of size of dividend for 2012 in calculation per one ordinary share of the company was made. Thus, the size of dividend on one ordinary share of “KazTransOil” JSC amounts to 75 tenge and/or 10.3% to offering price. The total amount of dividend for 2012 makes up 28 847 667 925 tenge, or 86% of consolidated net income for 2012.

List of shareholders, entitled to receive dividends on ordinary shares of “KazTransOil” JSC upon the results of 2012 will be fixed as of 00:00 am 13 June 2013, and payment of the dividends shall be made starting from 4 July 2013.

The General Meeting of Shareholders also made decisions on early termination of powers of member of the Board of Directors of “KazTransOil” JSC Darbayev A.A. starting from 20 March 2013 and on election of representative of “KazMunayGas” NC JSC Zhylkyshiev K.B. to the membership of the Board of Directors of the company till expiration of terms of powers of the Board of Directors of “KazTransOil” JSC on a whole.