Major and interested-party transactions

Major transactionsIn accordance with the Law On Joint-Stock Companies of the Republic of Kazakhstan, a major transaction is a transaction or a series of interrelated transactions resulting in the (potential) acquisition or disposal of property by a company, the value of which amounts to twenty-five percent or more of the total book value of such company’s assets

In the reporting period, no transactions recognised as major transactions under the Law of the Republic of Kazakhstan On Joint Stock Companies and KMG’s internal documents were made by the Board of Directors or the General Shareholders’ Meeting.

Interested party transactionsIn accordance with the Law On Joint Stock Companies of the Republic of Kazakhstan, interested-party transactions are transactions resulting in the acquisition or disposal of property that values ten percent or more of the total book value of the company’s assets

In the reporting period, no transactions recognised as interested party transactions under the Law of the Republic of Kazakhstan On Joint Stock Companies and KMG’s internal documents were made by the Board of Directors or the General Shareholders’ Meeting. In the second half of 2020, KMG made an interested party transaction whose terms remain a trade secret.