/KASE, March 20, 2023/ – Kcell JSC (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press
release dated March 20, 2023:
quote
Kcell Joint Stock Company (Kcell or Company) (KASE, KCEL), one of the leading
providers of the mobile communication services in Kazakhstan, announces that in
connection with the implementation of the "Introduction and development of fifth
generation mobile communication (5G\IMT) in the Republic of Kazakhstan" project,
which is strategically important for the long-term competitive development of
the Company in the telecommunications market, and given that its implementation
will add burden on the Company’s cash flow in 2023, the Board of Directors'
recommendation to the General Meeting of Shareholders is not to distribute net
income for fiscal year 2022 and not to pay dividends on ordinary shares of Kcell
JSC.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KCEL/kcel_relizs_200323_1_rus.pdf – in
Russian;
-
https://kase.kz/files/emitters/KCEL/kcel_relizs_200323_1_en.pdf – in English.
[2023-03-20]