KAP Announces EGM Voting Results

JSC National Atomic Co. Kazatomprom

16 October 2024

 

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise specified

16 October 2024, Astana, Kazakhstan

 

Voting Results of the Extraordinary General Meeting of Shareholders

National Atomic Company "Kazatomprom" JSC ("Kazatomprom" or "the Company") announces the voting results on each issue of the agenda of the Extraordinary General Meeting of Shareholders ("EGM") which took place on 16 October 2024 at 10:30 am local time (GMT+5) at the following address: floor 3, 17/12 Syganak street, Nura district, Astana, Z05T1X3, the Republic of Kazakhstan.

At the time of the EGM a total number of outstanding shares equaled to 259,356,608. According to the shareholder register and information on the owners of shares in nominal holding as of 17 September 2024, the total number of voting shares of the Company amounted to 224,422,341. Shareholders and their authorized representatives holding 191,564,538 shares (representing 85.36% of the total number of voting shares) submitted their votes.

Shareholders voted on each issue of the EGM agenda and respective decisions were made.

Resolution	Votes For	%	Votes Against	%	Withheld		%
1.1. Election of the Chairman of the extraordinary General Meeting of Shareholders of Kazatomprom.	189,580,800	98.96%	0	-	1,983,738	1.04%
1.2. Election of the Secretary of the extraordinary General Meeting of Shareholders of Kazatomprom.	140	95.24%	0	-	7	4.76%
2. Determining the form of voting of the extraordinary General Meeting of Shareholders of Kazatomprom.	189,580,800	98.96%	3,500	0.001%	1,980,238	1.03%
3. Approval of the agenda of the extraordinary General Meeting of Shareholders of Kazatomprom.	190,702,304	99.55%	0	-	862,234	0.45%
4. Concluding a major interested party transaction - the Deed of Guarantee between Kazatomprom, KAP Logistics LLP and Taiqonyr Qyshqyl Zauyty LLP.	189,580,800	98.96%	3,500	0.001%	1,980,238	1.03%

Approval of a major interested party transaction

The Extraordinary General Meeting of Shareholders of Kazatomprom has approved to conclude the Deed of Guarantee between Kazatomprom, KAP Logistics LLP and Taiqonyr Qyshqyl Zauyty LLP which is aimed to ensure KAP Logistics LLP properly fulfills its obligations under the offtake contract with Taiqonyr Qyshqyl Zauyty LLP for the purchase of sulphuric acid during the period of 2027-2043.

According to the offtake contract Taiqonyr Qyshqyl Zauyty LLP will annually supply up to 800 thousand tons of sulphuric acid to KAP Logistics LLP from the plant in the Taiqonyr village of Turkestan region to ensure a reliable supply source of this key chemical reagent to the Company's operations.

The total amount of Kazatomprom's obligations under the Deed of Guarantee is equal to KAP Logistics LLP's obligations under the offtake contract.

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Aigerim Dosanova, Corporate Secretary

Tel.: [phone]

Email: [e-mail] 

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: [phone]

Email: [e-mail]

Public Relations and Media Inquiries

Altynay Karibzhanova, Acting Director, Public Relations

Tel: [phone]

Email: [e-mail]

A copy of this announcement is available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange and Kazakhstan Stock Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz.

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future.

THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.

The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company's expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.

 

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