/KASE, February 24, 2021/ – Kcell (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press
release dated February 24, 2021:
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, today announces that at its meeting held on 23 February 2021, the
Board of Directors approved a decision to convene an Extraordinary General
Meeting of shareholders ("EGM") on 9 April 2021 to approve the cancellation of
the listing of its Global Depositary Receipts ("GDRs") on the London Stock
Exchange and the Astana International Exchange ("AIX") and to terminate the
Company’s GDR programme ("Proposals"). The Company's shares are intended to
remain listed on the Kazakhstan Stock Exchange ("KASE").
Subject to the approval of the Proposals by the shareholders of the Company at
the EGM (details of which, together with an explanatory circular, will be
announced in due course), it is anticipated that, the Company will subsequently
give notice to Deutsche Bank Trust Company Americas, acting as depositary of
the GDRs, of the termination of the deposit agreement dated 23 October 2012
relating to the GDRs, and that the effective date of the cancellation of the
GDR programme and of the listing of the GDRs on the LSE and the AIX will be on
or around 7 July 2021.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/KCEL/kcel_reliz_240221_1.pdf – in Russian;
-
https://kase.kz/files/emitters/KCEL/kcel_reliz_240221_eng_1.pdf – in English.
[2021-02-24]