“SAMRUK-ENERGY” JSC | Integrated ANNUAL REPORT

Shareholder

“Samruk-Kazyna” JSC holds 100 % of “Samruk-Energy” JSC shares (www.sk.kz). The Sole shareholder ensures the management of the Company by setting priorities and strategic areas of activities.

The relationship with the Sole Shareholder involves ensuring protection and respect for its rights and legitimate interests and is based on honesty, accountability, responsibility and transparency.

The Company strives to comply with the interests of the Sole Shareholder by ensuring the growth of long-term value and sustainable development of operations.

The Сompany seeks to comply with the interests of the Sole Shareholder by ensuring the growth of long-term value and sustainable development of activities.

The Company has a Dividend Policy, the main principles of which are:

  1. the principle of ensuring the payment of dividends in favor of the Sole Shareholder;
  2. the principle of ensuring the financing of the Company’s activities, including the financing of strategic investment projects, as well as assets acquisition;
  3. the principle of the need for financing investment activities.

According to the Company’s operating results. as of December 31, 2018, the number of announced securities reached 8,602,187, placed – 5,601,687. As of December 31, 2018, the book value of one ordinary share was 84,839 tenge. Earnings per share amounted to 861 tenge.

At year-end 2017 dividends on ordinary shares in the amount of 2 041 000 000 tenge were paid in 2018 by the resolution of the Sole Shareholder.