ALMATY - Halyk Bank JSC, a major financial institution in Kazakhstan, has announced the outcomes of its Extraordinary General Shareholders' Meeting conducted through absent voting. The meeting resulted in the approval of dividend payments for shareholders, the selection of an audit firm for the upcoming three years, and the establishment of procedures for share allocation without pre-emptive rights.
Shareholders of Halyk Bank JSC have unanimously agreed to a dividend payout of KZT 9.57 per common share from the bank's undistributed net income of previous years. The bank confirmed that dividends will be paid via bank transfer, beginning on Monday, December 12, 2024, to shareholders on record as of 00:00 a.m. Sunday, December 10, 2024 (Almaty time).
In addition, the shareholders have selected Deloitte LLP as the audit firm responsible for reviewing the bank's financial statements for the years 2025 to 2027. This decision was also made with a unanimous vote from the shareholders present in the absent voting process.
The meeting further addressed the procedure, maximum number, and time limits for the placement of Halyk Bank JSC shares without the application of the pre-emptive right. This resolution, which was adopted by a supermajority vote, allows for the allocation of up to 1% of the bank's shares to members of the Board of Directors and employees as part of their remuneration and incentive programs over the next five years.
These decisions reflect the bank's ongoing efforts to manage its financial resources effectively and maintain transparent corporate governance practices. The information is based on a press release statement from Halyk Bank JSC, providing shareholders and the market with the latest developments from the financial institution.
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