/KASE, November 21, 2019/ – Kcell (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
communiqué dated November 21, 2019:
quote
Kcell Joint Stock Company ("Kcell" or "Company") (LSE, KASE: KCEL), the
leading provider of mobile telecommunications services in Kazakhstan, notifies
that on 18 November 2019, its Board of Directors approved the following
changes to the loan agreement with Eurasian Development Bank:
- Term extension - 90 months until 20 June 2024;
- Increase of the credit line limit from KZT 34 billion to KZT 38.142 billion;
- Loan availability period set until 31 December 2020;
- Net debt/EBTDA (on a quarterly basis) should not exceed 3.0 starting from 1
January 2019.
unquote
This information is available on –
http://kase.kz/files/emitters/KCEL/kcel_reliz_211119_1.pdf
[2019-11-21]