ULBA METALLURGICAL PLANT JSC
One of the worldwide recognized producers of Uranium, Beryllium, Tantalum and Niobium products. The company is incorporated into the National Atomic Company “Kazatomprom” To the future with us!
Sole Shareholder of UMP JSC
Sole Shareholder is the Superior body of the Company
Considering the fact that all Company’s simple voting shares belong to NAC Kazatomprom JSC as the Sole Shareholder, Shareholder General Meetings are not conducted, except for the case as stipulated in Article 49 of the Company’s Statute. Decisions with regards to issues as referred by the Republic of Kazakhstan law on Joint-Stock Companies, Company’s Corporate Management Code and Statute to the competency of the Shareholder General Meeting shall be made by the Company’s Sole Shareholder singly and subject to be issued in writing provided that these decisions do not derogate and restrict rights approved by preferential shares.
Corporate management provides the Sole Shareholder with a real opportunity to exercise its rights associated with taking part in the Company management.
Procedure for information exchange between the Company and the Sole Shareholder shall be regulated by the Law, Statute and internal documents of the Company.
Resolutions made by the Sole Shareholder
2019
Four (4) resolutions were made by the Sole Shareholder in 2019 on the following issues:
- Approval of UMP JSC annual audited consolidated financial statements and the procedure of consolidated net profit distribution for 2018, and dividend payment to UMP JSC shareholders, amount and composition of remuneration of UMP JSC Board of Directors and Executive Board in 2018;
- Newly elected Board of Directors with the term of office for three (3) years;
- Election as the member of the Board of Directors (Aidyn M. Akan);
- Approval of the Charter of Ulba Metallurgical Plant JSC as amended.
2020
Seven (7) resolutions were made by the Sole Shareholder in 2020 on the following issues:
- Early termination of the authorities by Independent Directors as A. Kenzhin and E. Batyrbekov and election of А. Satmoldina and D. Orazaliev as Independent Directors, defining rate and terms of payment of bomus and reimbursement of expenses to UMP JSC Board Independent Directors for their responsibility;
- Approval of UMP JSC annual audited consolidated financial statements and the procedure of consolidated net profit distribution for 20199, and dividend payment to UMP JSC shareholders, amount and composition of remuneration of UMP JSC Board of Directors and Executive Board in 2019;
- Approval of the Rules on Sole Shareholder of UMP JSC (General meeting of shareholders) and interaction as a new edition;
- Early termination of R. Medeo as Board member and election S. Bezhetskiy as new UMP JSC Executive Board member;
- Early termination of B. Ibrayev as UMP JSC Executive Board Chairman and election M. Sharipov as a new UMP JSC Executive Board Chairman;
- Approval of the Charter of Ulba Metallurgical Plant JSC as amended.
2021
In 2021, 10 decisions of the Sole Shareholder were made on the following issues:
- on making the decision on the issue of Ulba Metallurgical Plant JSC activities and transfer of an intangible asset BY ERP SAP - KAP08 UMZ to pay for the outstanding common shares of Ulba Metallurgical Plant JSC;
- on approval of Rules for Remuneration and Compensation of Expenses of Independent Directors - members of the Boards of Directors of UMP JSC;
- on election of A. Amanzholov as an Independent Director of UMP JSC Board of Directors;
- on early termination of the powers of Independent Director, Almira Satmoldina and election of Armanzhan Kazmukashev as an Independent Director of the Board of Directors of UMP JSC for a period till the end of the term of office of the Board of Directors as a whole;
- on approval of annual audited consolidated financial statements of UMP JSC for 2020;
- on early termination of powers of the Chairman of UMP JSC Board of Directors Mazhit Sharipov and election of Dosbolat Sarymsakov as a Chairman of UMP JSC Board of Directors;
- on approval of Amendments and additions to UMP JSC Charter;
- on approval of UMP JSC Dividend Policy;
- on approval of Amendments and Additions to Regulations on the Board of Directors of UMP JSC;
- on early termination of powers of an Independent Director of the Board of Directors of UMP JSC Daulet Orazaliev and election of an Independent Director Abzal Raimkhanov.
