ShalkiyaZinc Group (the
“Group”) comprises LLP ShakiyaZinc Ltd, the Group’s operating company
founded in Kazakhstan in 2001 (the “Operating Company”) and
ShalkiyaZinc NV, a company founded in the Netherlands
in November 2006 for the purpose of
raising capital for ShalkiyaZinc
Group in the international capital markets (the “Issuer”). Shortly after its
incorporation, the Issuer became the sole parent company of the
Kazakhstan-based Operating Company and issued Global Depositary
Receipts listed on the London Stock Exchange, thereby raising over US
$100 million in the international capital markets for the expansion of
ShalkiyaZinc Group’s operations and substantially diversifying
ShalkiyaZinc’s investor base.
establishment of a Unitary Board, which replaces its former two tier
management structure comprising a Supervisory Board and a Management
Board, was recommended in a Corporate Governance Review by
PricewaterhouseCoopers and approved by the Annual General Meeting of
ShalkiyaZinc N.V. on 18 June 2008.
Upon completion of the capital investment by SAT & Company of US$50 million in ShalkiyaZinc
in January 17, 2011 in consideration for an equity interest equal to 81.39% of the enlarged issued share capital of
ShalkiyaZinc. On January 30, 2012 with the acquisition of an aggregate number of 4,206,664 shares in
ShalkiyaZinc from Zinc Investments I B.V., Zinc Investments II B.V. and Zinc
Investments III B.V. by SAT & Company JSC it now owns approximately 98.56
percent of the entire issued share capital of ShalkiyaZinc N.V.
As of December 19, 2011 ShalkiyaZinc’s management
board consists of the following individuals: Kenges Rakishev, Rollan Mussinov and Alken Kuanbay.
BOARD OF DIRECTORS
Chairman of the Board
Rakishev, aged 32, is the Chairman of JSC “SAT&Company” since November
2008. Since August 2011 he is a non-executive director and Chairman of SAT
& Co Netherlands N.V. and from September 2011 Mr. Kenges Rakishev is
a director of SatFerro Limited. As of December 2010, Mr. Kenges Rakishev is a
Chairman of several companies- “Jinsheng SAT (Tianjin) Commercial and Trading Co.,
Jinyuanda Heavy Chemical Industry Co.,Ltd.”, “Baicheng Jinsheng Nickel Industry Co.,Ltd.”, “Taonan City Jinsheng
Metallurgical Products Co”. From October 2004 to present Mr. Rakishev
serves as a Vice- President of the “Union of Chambers of Commerce of the
Republic of Kazakhstan”. Mr. Rakishev holds B.A.(Law) from the Kazakh State Law
Academy and B.A (International Economics). Mr. Rakishev also has AMP Diploma from Oxford University. Mr.Rakishev
is not independent as defined in the Dutch Code.
Mr.Rollan Mussinov as non-executive chairman of the Management Board. Mr.
Mussinov, aged 32, is currently the First Deputy Chief Executive Officer of SAT & Company, a position he has held since
January 2009. Mr. Mussinov also acts as chairman of the board of JSC
KazFerroStal. From 2007 to 2009 he served on the board of directors of JSC Nur
Trust (Asset Management). Previously, from May to October 2007 he was a
Vice-President of United Capital LLP, and between September 2006 and April 2007
he was a Vice-President of Investment Banking at Kaspi Bank JSC. Between
October 2003 and July 2006 Mr. Mussinov was an executive director of the
Kazakhstan Investment Fund. Mr. Mussinov holds a MA in International Relations
with major in Finance from Johns Hopkins University, Baltimore, Maryland. Mr.
Mussinov does not hold any share capital in ShalkiyaZinc.
Kuanbay, aged 32, is currently the acting General Director of LLP ShallkiyaZinc
LTD., has more than 10 years of experience in accounting, auditing and
corporate finance. Prior to his appointment as Chief Financial Officer of
Shalkiya Zinc Ltd. he served in KazGranit Corporation LLP. as a Chief Financial
Officer and Exillon Energy Plc. as a Finance Director. He was for 5 years with
Big 4 including 4 years with Deloitte and 1 year with Ernst & Young.
Mr. Alken Kuanbay holds B.A. from Kazakh State Academy of Management.
THE OPERATING COMPANY
General Director of the
managed by its acting General Director, Alken Kuanbay, who is elected by
shareholders. The acting General Director is in charge of directing the Operating Company’s
day-to-day business management and is authorised to appoint the
Company’s senior management.
management of the Company
The following senior
managers are in charge of the Company’s management (including
Director and Chief Financial Officer