EGM of Kcell shareholders on approval of delisting of GDRs on London Stock Exchange and AIX scheduled for April 9

24.02.21 15:14
/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]