KAP announces voting results of 2024 AGM

JSC National Atomic Co. Kazatomprom

24 May 2024

 

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise noted

23 May 2024, Astana, Kazakhstan

 

Voting Results of the Annual General Meeting of Shareholders

JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces today the voting results of each resolution at its Annual General Meeting of shareholders ("AGM"), convened on 23 May 2024 at 10:30 am local time (GMT+5) at the Company's headquarters at the following address: Floor 3, 17/12 Syganak street, Nura district, Astana, Z05T1X3, the Republic of Kazakhstan.

At the time of the AGM, a total of 259,356,608 shares were outstanding; according to the shareholder register and information on the owners of shares in nominal holding as of 23 April 2024, the total number of voting shares was 224,009,621. Shareholders and their authorised representatives, holding 222,329,082 shares (representing 99.25% of the total number voting shares), submitted their votes. All of the resolutions contained in the AGM agenda were approved by the Company's shareholders.

Resolution	Votes For	%	Votes Against	%	Withheld	%
1. 1.        Election of the Chair of Annual General Meeting of Shareholders of Kazatomprom.	219,996,068	98.95%	102,042	0.05%	2,230,972	1%
1. 1.        Election of the Secretary of Annual General Meeting of Shareholders of Kazatomprom.	159	94.08%	1	0.59%	9	5.33%
2.            Determining the form of voting at the Annual General Meeting of Shareholders of Kazatomprom.	220,098,110	99%	0	0%	2,230,972	1%
3. Approval of the agenda of the Annual General Meeting of Shareholders of Kazatomprom.	220,098,110	99%	0	0%	2,230,972	1%
4. Approval of the audited annual financial statements of Kazatomprom (consolidated and separate) for 2023.	220,055,571	98.98%	0	0%	2,273,511	1.02%
5. Approval of the procedure for the distribution of consolidated net income for 2023, making a decision on the payment of dividends on common shares and on approval of the amount of the dividend per common share.	220,098,110	99%	0	0%	2,230,972	1%
6. Information on shareholders' appeals on the actions of Kazatomprom and its officials in 2023 and the results of consideration thereto.	220,081,643	98.99%	0	0%	2,247,439	1.01%
7. Information on the size and composition of the remuneration of members of the Board of Directors and the Management Board of Kazatomprom..	219,979,601	98.94%	16,467	0.01%	2,333,014	1.05%
8. Determining audit organisation that audits the consolidated and separate financial statements of NAC Kazatomprom JSC for the years 2025, 2026 and 2027.	214,733,948	96.58%	513,362	0.23%	7,081,772	3.19%

On payment of dividends for 2023

Shareholders, guided by the Company's Dividend Policy, based on the audited 2023 financial results, approved a dividend payment in the amount of 1,213.19 tenge (one thousand two hundred and thirteen tenge 19 tiyn) per one ordinary share of Kazatomprom (one GDR is equal to one ordinary share), paid out of the profits for 2023. The total amount of dividends to be paid is equivalent to approximately 314.65 billion tenge, which is 75% of free cash flow, a proportion that is aligned with the Company's Dividend Policy.

The payment of dividends based on the 2023 results will begin on 28 May 2024 to shareholders of record as of 27 May 2024 at 00:00 local time (GMT+5).

On determining audit organisation that audits the consolidated and separate financial statements of NAC Kazatomprom JSC for the years 2025, 2026 and 2027.

Based on the voting results of the AGM it was decided to designate PriceWaterhouseCoopers LLP as an auditor to audit the 2025, 2026 and 2027 consolidated and separate financial statements of NAC Kazatomprom JSC in accordance with the IFRS.

For further information, please contact:

Annual General Meeting of Shareholders Inquiries

Kazbek Shaimerdinov, Acting Corporate Secretary

Tel.: [phone]

Email: [e-mail]

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: [phone] / 69

Email: [e-mail]

Public Relations and Media Inquiries

Askar Atagulin, Director, Public Relations

Tel.: [phone]

Email: [e-mail]

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, 26 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 environmental standards (ISO 45001 and ISO 14001 compliant).

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and 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, towards the second shareholders of jointly owned subsidiaries, 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 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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