Dividend Policy of ForteBank JSC
Version 00
Page 2 of 3
Chapter 1. General Provisions
1.
This Dividend Policy of ForteBank JSC (hereinafter – the Policy) is developed in compliance with the
Republic of Kazakhstan law, the Charter and the by-laws of ForteBank JSC (hereinafter – the Bank).
2.
The goal of development of this Policy is establishment of the procedure
for distribution of net
income of the Bank, decision-making on distribution of dividends on the ordinary
shares of the Bank and
determining the mechanisms and timeframes of distribution thereof.
Chapter 2. Terms and Definitions
3.
In this Policy and for the purposes hereof, the following basic terms and definitions shall be used:
1)
Shareholder
– a person holding ordinary shares of the Bank;
2)
Exchange
– Kazakhstan Stock Exchange JSC (KASE) or any other stock exchange, where the
securities of the Bank are listed;
3)
dividends
– a Shareholder’s yield on the ordinary shares held by him/her, paid by the Bank;
4)
General Meeting of Shareholders
(hereinafter - GMS) – the supreme managing body of a joint-stock
company;
5)
ordinary share
– a security providing a Shareholder with the right to
participate in the general
meeting of shareholders with the right to vote on resolution of any issues put to vote, the right to receive dividends,
provided the Bank has net income available, as well as a part of the Bank’s property in case of its liquidation;
6)
net income
– the Bank’s income remaining after deduction of costs for the reporting period, including
the corporate income tax costs determined on the accounting data.
Note:
other specific terms and abbreviations used throughout the text of the Policy are used in accordance
with the meaning provided in other by-laws of the Bank – in accordance with the meaning provided in the Republic
of Kazakhstan law.
Достарыңызбен бөлісу: 
