Kcell announces the results of annual general meeting of shareholders held on 28 May 2020

02.06.20, 11:08
/KASE, June 2, 2020/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL; AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, announces the results of its Annual General Meeting of Shareholders (“AGM”), held on 28 May 2020. The AGM unanimously adopted the following decisions: 1. To approve the following order for the distribution of Kcell net income for 2019: 1.1 To distribute KZT 9 billion, representing 89 percent of the consolidated net income, as dividends for 2019; the remaining portion of the net income shall be retained by Kcell. 1.2 To approve the size of the 2019 dividend in the amount of KZT 45 per ordinary share or global depository receipt (“GDR”). 1.3 To set the record date for shareholders entitled to receive the dividends - the first Sunday after the AGM (31 May 2020 (00:00 AM Almaty time)). 1.4 To set the date for the dividend payment on ordinary shares and GDRs for 2019 and approve the payment order - dividends will be paid in a lump sum, starting on 1 June 2020 and during the course of eighty days. 1.5 To approve the form of dividend payment on ordinary shares and GDRs of Kcell, located at the address: Kazakhstan, 050051, Almaty, mcr. Samal-2, 100; Bank account details: BIN 980540002879, BIC HSBKKZKX IBAN KZ406017131000016045 with Halyk Bank of Kazakhstan JSC, Kbe 17 – dividends will be paid electronically directly into shareholders’ bank accounts. 2. To approve Kcell JSC IFRS Separate and Consolidated Financial Statements for the year ended 31 December 2019. The Regulation on the Board of Directors of Kcell JSC was approved by a majority vote (98.93 percent of total votes cast). unquote Detailed information is available on KASE website at: - https://kase.kz/files/emitters/KCEL/kcel_reliz_280520_1.pdf – in Russian; - https://kase.kz/files/emitters/KCEL/kcel_reliz_280520_eng_1.pdf – in English. [2020-06-02]