Joint Stock Company “KazAgro” National Management Holding” (address: 010000, Astana, Republic ave, 24; bank and other company details: JSC “Kazkommertsbank”,…
On December 25, 2018 the National Bank of the Republic of Kazakhstan has registered changes and additions into the prospectus of shares issue of “KazAgro” Holding” JSC in regard with increase of number of declared shares. Number of declared shares after the state registration of corresponding changes into shares issue prospectus amounted 697 108 394 pieces of ordinary shares, NIN – KZ1C55020016.
Resolution on increase of number of declared shares and placement of shares is taken by sole shareholder and is formed by the order of the Minister of Agriculture.
Funds to increase the authorized capital are allocated from the national budget under the budget program 258 “increase in the authorized capital of JSC “national managing holding “KazAgro” for the implementation of the state policy to stimulate the development of agriculture.”
The Sole founder is the Government of the Republic of Kazakhstan in person of the Committee of the state property and privatization of the Minister of Finance of the Republic of Kazakhstan (the state body “Committee of the state property and privatization of the Minister of Finance of the Republic of Kazakhstan”, which owns 100% of all declared shares of “KazAgro” National management holding” JSC”.
The Minister of Agriculture of the Republic of Kazakhstan is the state body implementing ownership and use of state shares stock of “KazAgro” National management holding” JSC and representing the interests of the Government as a shareholder on issues regarding to the competence of common meeting of shareholders.
The Holding at distribution of net income is governed by the Resolution of the Government of the Republic of Kazakhstan dated July 26, 2007 No. 633 “On Dividends for state shares stock and incomes on the government participation shares in organization” and dividend policy of the Holding formed by the order of the Minister of Agriculture of the Republic of Kazakhstan and, plans to direct for dividends payment not less than 10% of net income.