Source - RNS
RNS Number : 0456K
JSC KazMunaiGas Exploration Prod
06 April 2018


      KMG EP announces annual general meeting of shareholders

Astana, 6 April 2018. JSC KazMunaiGas Exploration Production ("KMG EP" or "Company") announces an annual general meeting of its shareholders ("AGM") to be held on 22 May 2018 with the following agenda: 

1) approval of annual consolidated financial statements for 2017;

2) articulation of the manner in which net income of the Company for the last tax year should be distributed and the size of a dividend per one (1) common  and one (1) preferred share of the Company;

3) approval of annual report of the Company and annual report on performance of the Board of Directors and the Management Board;

4) update on complaints of shareholders about actions of the Company or any of its officers, and results review of such complaints in 2017;

5) report on terms and quantum of fees payable to directors and members of the Management Board in 2017;

6) determination of the number of members of the Company's Board of Directors;

7) setting of the term of office of members of the Company's Board of Directors;

8) election of members to the Company's Board of Directors; and

9) terms and quantum of fees payable to directors and reimbursement of the directors for any costs they may incur while discharging their duties.


The materials for upcoming AGM will be available on KMG EP's website not later than 10 days before the meeting.


Notes to Editors

KMG EP is among the top three Kazakh oil producers based on the 2017 results. The overall production in 2017 was 11.9 million tonnes (240 kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The Company's volume of proved and probable reserves excluding shares in the associates, at the end of 2016 was 182 million tonnes (1,327 mmbbl). The Company's shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on the London Stock Exchange and Kazakhstan Stock Exchange. The Company raised over US$2bn at its IPO in September 2006.



For further details please contact us at:

KMG EP. Investor Relations (+7 7172 97 5433)
[email protected]


KMG EP. Public Relations (+7 7172 97 7887)
Bakdaulet Tolegen
[email protected]   


Finsbury (+44 (0)20 7251 3801)

Dorothy Burwell

e-mail: [email protected]


Forward-looking statements

This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.



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