REG - JSC NAC Kazatomprom - KAP Announces EGM Voting Results

ABN Amro Bank NVAnnouncement

21/06/2023 13:00

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RNS Number : 4703D  JSC National Atomic Co. Kazatomprom  21 June 2023

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸) unless otherwise noted

 

21 June, 2023, Astana, Kazakhstan
 

Voting results of the Extraordinary General Meeting of Shareholders

National Atomic Company Kazatomprom JSC (hereinafter referred to as
"Kazatomprom" or the "Company") announces the results of voting on each issue
on the agenda of the extraordinary General Meeting of Shareholders
(hereinafter referred to as the "EGM"), which was held on June 21, 2023 at
10:30 local time (GMT+6) at: 3rd floor, building 17/12, Syganak Street, Nura
district, Astana, Republic of Kazakhstan, Z05T1X3.

At the time of the EGM, the total number of outstanding shares was
259,356,608. According to the list of shareholders as of June 01, 2023, as
well as information about the owners of shares in nominal holding owned by
shareholders, the total number of voting shares of the Company amounted to
219,719,594. Shareholders and their authorized representatives holding a total
of 218,068,607 ordinary shares, which is 99.25% of the total voting shares of
the Company, voted at the EGM.

Shareholders voted and decisions were made on each issue on the agenda of the
EGM.

 

 Agenda                                                                        For          %       Against    %      Abstained         %
 1.1. On election of the Chairman of the extraordinary General Meeting of      216,673,714  99.38%  729,018    0.33%  622,153    0.29%
 Shareholders of NAC Kazatomprom JSC.
 1.2. On election of the Secretary of the extraordinary General Meeting of     119          93.70%  3          2.36%  5          3.94%
 Shareholders of NAC Kazatomprom JSC.
 2. On determining the form of voting at the extraordinary General Meeting of  216,673,714  99.38%  729,018    0.33%  622,153    0.29%
 Shareholders of NAC Kazatomprom JSC
 3. On approval of the agenda of Kazatomprom EGM.                              216,673,714  99.38%  725,518    0.33%  625,653    0.29%
 4. On composition of Kazatomprom Board of Directors.                          212,084,564  97.28%  1,722,078  0.79%  4,218,243  1.93%

 

On composition of the Board of Directors of NAC Kazatomprom JSC

Due to the expiration of the term of office of the current Board of Directors
of the Company, by the decision of the EGM, a new Board of Directors of the
Company was elected in the amount of 8 people, taking into account a vacant
position for a potential independent director, with a 3-year term of office,
as follows:

1) Arman Anuarbekovich Argingazin - Independent director;

2) Armanbay Saparbayevich Zhubayev - Independent director;

3) Nodir Sidikov - Independent director;

4) Yernat Kudaibergenovich Berdigulov - Representative of Samruk-Kazyna JSC;

5) Yernar Beisenuly Zhanadil - Representative of Samruk-Kazyna JSC;

6) Yelzhas Muratovich Otynshiyev - Representative of Samruk-Kazyna JSC;

7) Yerzhan Zhanabilovich Mukanov - Chairman of the Management Board of NAC
Kazatomprom JSC.

The new composition of the Board of Directors includes two new Independent
directors - Arman Argingazin and Nodir Sidikov, who meet all the criteria for
independent members of the Board of Directors and have the relevant
professional knowledge, skills and experience required for the Board of
Directors to perform its functions.

Arman Argingazin was elected as the Chairman of the Board of Directors of the
Company. Mr. Argingazin has more than 20 years of experience in international
banking structures in Kazakhstan and was the Head of the Metals and Mining at
ABN Amro in Kazakhstan.

Nodir Sidikov is a citizen of the UK and has over 15 years of experience in an
international law firm in the UK, is a member of the Association of
International Energy Negotiators (AIEN) and a member of the executive
committee of the British Kazakhstan Law Association.

As previously reported, Chairman of the Board of Directors and Independent
Director Neil Longfellow, Senior Independent Director Russell Banham, and
Independent Director Marc Kasher resigned from the Board as per their own
requests in May-June 2023, which corresponds to the expiration of the term of
the Board of Directors elected in 2020.

"On behalf of Samruk-Kazyna JSC, I would like to express my sincere gratitude
to Neil Longfellow, Russell Banham, and Marc Kasher for the significant
contribution they made to the development of the Company" - said Nurlan
Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC - Their
commitment to professional ethics and integrity, openness and transparency, as
well as their support in achieving exceptional results are invaluable. The
foundation that Kazatomprom has today in corporate governance, methods and
approaches to solving various non-standard situations were built thanks to
valuable input from our independent directors. Today, at the intersection of
ongoing global changes and current events in the market, the time has come to
change the composition of the Board of Directors, which is a sign of the
Company's natural development. On behalf of NAC Kazatomprom JSC and on my own
behalf, I wish them all the best and success in the future".

"I would also like to welcome the new members of the Board of Directors that
have joined NAC Kazatomprom JSC. Their expertise will be beneficial in the
effort of creating long-term value for the Company's shareholders".

Arman Argingazin expressed his gratitude for the appointment to the position
of Chairman of the Board of Directors:

"I am thankful for the opportunity to become part of the team. Kazatomprom has
secured its status as a leader in the uranium market, and I expect to
establish grounds for a fruitful cooperation with the Board of Directors and
the Board of Management of Kazatomprom in order to not only continue its
success, but to further its development as a successful and financially robust
Company".

Also, by decision of the EGM, the representative of Samruk-Kazyna JSC, Nazira
Nurbayeva was withdrawn from the Board of Directors of the Company and, at the
suggestion of Samruk-Kazyna JSC, Yelzhas Otynshiyev was introduced.

Due to the election of a new roster of the Board of Directors, it is planned
to determine the new composition of the committees of the Board of Directors
of the Company at the upcoming Board of Directors meeting in June 2023.

Full biographies of the elected members of the Company's Board of Directors
will be available at the Company's official website www.kazatomprom.kz
(https://www.kazatomprom.kz) .

For more details, please contact:

On the issues of the extraordinary General Meeting of Shareholders

Assem Mukhamedyarova, Corporate Secretary

Tel: +7 7172 45 81 63

Email: amukhamedyarova@kazatomprom.kz

For IR inquiries

Yerlan Magzumov, IR Director

Tel: +7 7172 45 81 80 / 69

Email : ir@kazatomprom.kz

For public relations and media inquiries

Sabina Kumurbekova, PR Director

Gazhaiyp Kumisbek, PR Chief Expert

Tel: +7 7172 45 80 22

Email: pr@kazatomprom.kz

A copy of this announcement will be available at www.kazatomprom.kz
(https://www.kazatomprom.kz/) .

 

 

 

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium
production in proportion to the Company's participatory interest in the amount
of about 22% of the total global primary uranium production in 2022. The group
has the largest uranium reserve base in the industry. Kazatomprom, together
with subsidiaries, affiliates and joint organizations, is developing 26
deposits combined into 14 uranium mining enterprises. All uranium mining
enterprises are located on the territory of the Republic of Kazakhstan and
when mine uranium use in-situ recovery technology, paying particular attention
to best HSE practices and means (ISO 45001 and ISO 14001 certified).

Kazatomprom's securities are listed on the London Stock Exchange, the Astana
International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the
National Atomic Company of the Republic of Kazakhstan, and the main customers
of the group are operators of nuclear generating capacities, and the main
export markets for products are China, South and East Asia, North America and
Europe. The Group sells uranium and uranium products under long-term and
short-term contracts, as well as on the spot market directly from its
corporate centre in Astana, Kazakhstan, as well as through a trading
subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website www.kazatomprom.kz
(https://www.kazatomprom.kz) .

Statements for the Future

All statements, other than statements of historical fact, included in this
message or document are statements regarding the future. Statements regarding
the future reflect the Company's current expectations and estimates regarding
its financial condition, results of operations, plans, goals, future results
and activities. Such statements may include, but are not limited to,
statements before which, after which or where words such as "goal", "believe",
"expect", "intend", "possibly", "anticipate", "evaluate",
"plan","project","will","may","probably", "should","may" and other words and
terms of a similar meaning or their negative forms are used.

Such statements regarding the future include known and unknown risks,
uncertainties and other important factors beyond the control of the Company,
which may lead to the fact that the actual results, indicators or achievements
of the Company will significantly differ from the expected results, indicators
or achievements expressed or implied by such statements regarding the future.
Such statements regarding the future are based on numerous assumptions
regarding the current and future business strategy of the Company and the
conditions in which it will operate in the future.

INFORMATION ON THE ESTIMATES CONTAINED IN THIS DOCUMENT ARE BASED ON SEVERAL
ASSUMPTIONS ABOUT FUTURE EVENTS AND ARE SUBJECT TO SIGNIFICANT ECONOMIC AND
COMPETITIVE UNCERTAINTIES AND OTHER CONVENTIONALITIES, NONE OF WHICH CAN NOT
BE PREDICTED WITH CERTAINTY AND SOME OF WHICH ARE OUTSIDE OF THE COMPANY'S
CONTROL. THERE CAN'T BE ANY WARRANTY THAT THE ESTIMATES WILL BE REALIZED AND
THE ACTUAL RESULTS MAY BE ABOVE OR BELOW THAN SPECIFIED. NONE OF THE COMPANY -
NO SHAREHOLDERS, NO DIRECTORS, NO OFFICERS, NO EMPLOYEES, NO CONSULTANTS, NO
AFFILIATES NOR ANY REPRESENTATIVES OR AFFILIATES LISTED ABOVE BEAR
RESPONSIBILITY FOR THE ACCURACY OF THE ESTIMATES PRESENTED IN THIS DOCUMENT.

The information contained in this message or document, including, but not
limited to, statements regarding the future, is applicable only as of the date
of this document and is not intended to provide any guarantees regarding
future results The Company expressly disclaims any obligation to disseminate
updates or changes to such information, including financial data or
forward-looking statements, and will not publicly release any changes that it
may make to information arising from changes in the Company's expectations,
changes in events, conditions or circumstances on which such statements
regarding the future are based, or in other events or circumstances arising
after the date of this document.

 

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