Kazakhstan, Astana, May 29 / Trend , K.Konirova /
The annual general meeting of shareholders and next meeting of the Board of Directors of Exploration and Production KazMunaiGas JSC (EP KMG), the press service of the company said.
EP KMG shareholders approved the annual consolidated financial statements and the company's annual report for 2008. In addition, as a result of last year, was approved the distribution of net incomes and the amount of dividends," says the company's press release said.
According to the decision of shareholders, the amount of dividends for 2008 per share (both simple and preferred) is 656 tenge (including taxes deducted in accordance with the laws of the Republic of Kazakhstan). The total dividends for 2008 will be about 48 billion tenge (about $321 million).
Payment of annual dividends as a result of 2008 will be made to the shareholders of the company as of June 8, 2009 and will begin on July 13, 2009.
EP KMG is one of the three leaders for the volume of oil production in Kazakhstan. The company's production made up 9.4 million tons (240,000 barrels per day) in 2008, taking into account the shares in the companies Kazgermunai and CCEL ( "Karazhanbasmunai). The volume of proved and probable reserves of EP KMG was 241 million tons (1.8 billion barrels) as of the end of 2008, taking into account the shares in affiliated companies - more than 2.1 billion barrels. The assets of the company were listed on the Kazakhstan Stock Exchange, while global depositary receipts - on the London Stock Exchange. During the IPO in September 2006 the company attracted more than $2 billion.
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