KazMunaiGas Exploration Production (Kazakhstan) announces results of annual general meeting of shareholders
/KASE, May 22, 13/ – JSC "KazMunaiGas Exploration Production" (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 22, 2013:
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KazMunaiGas Exploration Production ("KMG EP" or the "Company") held its Annual General Meeting and the meeting of the Board of Directors.
The shareholders approved the Financial Statements and the Annual Report for 2012. They also approved the dividend for 2012 of 1,619 Tenge (including taxes to be withheld in accordance with the legislation of Kazakhstan) per one ordinary and one preferred share of KMG EP. The total dividend for 2012 will be about 110 billion Tenge (approx. US$740million).
The approved dividend represents a 25% increase in dividend per share compared to the previous year and is the highest amount per share since IPO in 2006. The payment of the annual dividend for 2012 will be made to shareholders of record as at 23:59 of May 31, 2013 and will commence on July 1, 2013.
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the full press-release is available on KASE website, at:
[2013-05-22]