Share Capital

Charter / Share capital of the Group at 31 December 2012 and 2011 is as follows:

  31 December
2012		 31 December 2011
  Shareholders Number of shares Ownership
Fintur 51 percent 102,000,000 51 percent
Sonera 24 percent 48,000,000 -
Kazakhtelecom - - 49 percent
JSC Central Securities Depositary 22.56 percent 45,113,528 -
JSC Grantum Accumulative Pension Fund 0.95 percent 1,900,000 -
Public 1.49 percent 2,986,472 -

On 1 July 2012 General Meeting of Participants of GSM Kazakhstan approved a conversion of the Company from a Limited Liability Partnership to a Joint Stock Company with 200,000,000 common shares transferred to the Company’s participants proportionally to their ownership percentage (Note 1).

The nominal registered amount of the Company’s issued share capital at 31 December 2012 is 33,800,000 thousand Tenge, which was formed as a total equity as per interim consolidated financial statements prepared in accordance with IAS 34 on the date of Conversion.

The total authorised number of ordinary shares is 200,000 thousand shares with a par value of 169 thousand Tenge per share. All issued ordinary shares are fully paid. Each ordinary share carries one vote. The Company did not have treasury shares.

On 13 December 2012, the Company has successfully completed its offering of Global Depositary Receipts on the London Stock Exchange and common shares on Kazakhstan Stock Exchange. The offering consisted of a sale by TeliaSonera of 50 million shares, including shares representing 25 percent of the Company’s share capital.

For the purpose of these consolidated financial statements, earnings per share is calculated by dividing net profit for the period attributable to owners of the Group by the number of common shares approved by the Company’s participants.

In thousands of Kazakhstani Tenge 31 December
2012		 31 December
2011
Profit for the period attributable to equity shareholders 61,828,033 66,858,104
Number of common shares 200,000,000 200,000,000
Earnings per share (Kazakhstani Tenge),
basic and diluted		 309.14 334.29

Dividends declared and paid during the years 2012 and 2011 were as follows:

In thousands of Kazakhstani Tenge  
Dividends payable at 31 December 2010 -
Dividends declared during the year 58,000,000
Dividends paid during the year (58,000,000)
Dividends payable at 31 December 2011 -
Dividends declared during the year 115,877,439
Dividends paid during the year (107,877,439)
Dividends payable at 31 December 2012 8,000,000