Board of Directors of Kcell decides to postpone consideration of issue of distribution of profits of previous periods in form of dividends

20.09.22 15:11
/KASE, September 20, 2022/ – Kcell JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated September 20, 2022: quote Kcell Joint Stock Company ("Kcell" or the "Company") (KASE: KCEL), one of the leading providers of mobile telecommunications services in Kazakhstan, informs that on 15 September 2022, the Board of Directors of the Company decided to postpone consideration of the issue on distribution of retained earnings of previous periods in the form of dividends until 1 November 2022. To consider this issue, the Company’s performance results for 9 months of 2022 should be taken into account and also plans for the development of infrastructure and formation of an investment portfolio in the medium term (2023-2025) should be finalized. The issue was submitted to the Board of Directors for consideration in accordance with the instruction of the Annual General Meeting of Shareholders dated 19 May 2022 (Minutes No. 21): "Instruct the Board of Directors of Kcell JSC to submit a proposal for the distribution of retained earnings of previous periods by 15 September 2022". unquote The full press release is available on KASE website at – [2022-09-20]