Shareholders of Kcell approve termination of program of issuance and circulation of global depositary receipts and delisting of them on London Stock Exchange (LSE) and Astana International Financial Center (AIX)
/KASE, April 12, 2021/ – Kcell (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communique:
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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 Extraordinary General Meeting of Shareholders ("EGM"), held on 9 April 2021.
The EGM agenda included the following:
1. On approval of termination of the GDR programme, delisting of securities and termination of the Deposit Agreement.
EGM adopted the following decisions by a majority of votes:
2. To approve:
1) termination of the global depositary receipts ("GDR") programme of Kcell JSC for the purpose of removing GDRs from the Official List of the Financial Conduct Authority of the United Kingdom and delisting from the London Stock Exchange ("LSE") and the Astana International Exchange ("AIX");
2) voluntary delisting of Kcell’s GDRs from the London Stock Exchange (LSE) and the Astana International Exchange (AIX);
3) termination of the Deposit Agreement between Kcell JSC and Deutsche Bank Trust Company Americas on global depositary receipts for ordinary shares of Kcell Joint Stock Company dated 23 October 2012, including amendment thereto dated 17 December 2017 (Deposit Agreement).
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The full press release is available on KASE website:
[2021-04-12]