REG - JSC NAC Kazatomprom - EGM Voting Results

CNNC InternationalAnnouncement

15/11/2024 08:00

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RNS Number : 4108M  JSC National Atomic Co. Kazatomprom  15 November 2024

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise specified

 

 

15 November 2024, Astana, Kazakhstan
 

Voting Results of the Extraordinary General Meeting of Shareholders

National Atomic Company "Kazatomprom" JSC ("Kazatomprom" or "the Company")
announces the voting results on each issue of the agenda of the Extraordinary
General Meeting of Shareholders ("EGM") which took place on 15 November 2024
at 10:30 am local time (GMT+5) at the following address: floor 3, 17/12
Syganak street, Nura district, Astana, Z05T1X3, the Republic of Kazakhstan.

At the time of the EGM a total number of outstanding shares equaled to
259,356,608. According to the shareholder register and information on the
owners of shares in nominal holding as of 17 October 2024, the total number of
voting shares of the Company amounted to 223,893,489. Shareholders and their
authorized representatives holding 191,034,686 shares (representing 85.32% of
the total number of voting shares) submitted their votes.

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

 Resolution                                                                      Votes For    %       Votes Against  %      Withheld          %
 1.1. Election of the Chairman of the Extraordinary General Meeting of           188,974,112  98.92%  0              -      2,060,574  1.08%
 Shareholders of Kazatomprom.
 1.2. Election of the Secretary of the Extraordinary General Meeting of          148          95.48%  0              -      7          4.52%
 Shareholders of Kazatomprom.
 2. Determining the form of voting of the Extraordinary General Meeting of       188,981,112  98.93%  0              -      2,053,574  1.07%
 Shareholders of Kazatomprom.
 3. Approval of the agenda of the Extraordinary General Meeting of Shareholders  188,981,112  98.93%  0              -      2,053,574  1.07%
 of Kazatomprom.
 4. Concluding a major transaction as a result of which Kazatomprom acquires or  168,729,454  88.32%  14,443,993     7.56%  7,861,239  4.12%
 alienates (may acquire or alienate) property, the value of which is more than
 fifty percent of the total book value of Kazatomprom assets as of the date of
 approving the transaction as a result of which more than fifty percent of the
 total book value of its assets is acquired or alienated (may be acquired or
 alienated), namely: the spot contract for the sale and purchase of natural
 uranium concentrates between Kazatomprom as the "Seller" and CNNC Overseas
 Limited as the "Buyer" and the long-term agreement for the sale and purchase
 of natural uranium concentrates between Kazatomprom as the "Seller" and China
 National Uranium Corporation Limited as the "Buyer".

 

Approval of a major transaction

The Extraordinary General Meeting of Shareholders of Kazatomprom has approved to conclude the spot contract for the sale and purchase of natural uranium concentrates between Kazatomprom and CNNC Overseas Limited ("CNNC Overseas") and the long-term agreement for the sale and purchase of natural uranium concentrates between Kazatomprom and China National Uranium Corporation Limited ("CNUC").
CNNC Overseas, a company registered in Hong Kong, and CNUC, a company registered in China both are affiliated entities of China National Nuclear Corporation ("CNNC") - a state corporation of China involved in all areas of nuclear industry. CNNC is the main operator of nuclear power plants in China and is engaged in R&D in nuclear energy and technologies, construction of nuclear power plants and production of nuclear fuel.
The abovementioned transaction will contribute to expanding bilateral cooperation between the Republic of Kazakhstan and China, ensuring a stable supply of uranium from Kazakhstan to China facilitating zero-carbon transition and further strengthening the role of Kazakhstan as a key player in the global nuclear energy market.
 

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Aigerim Dossanova, Corporate Secretary

Tel.: +7 7172 45 82 84

Email: adosanova@kazatomprom.kz (mailto:adosanova@kazatomprom.kz)

 

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80/69

Email: ir@kazatomprom.kz (mailto:ir@kazatomprom.kz)

 

Public Relations and Media Inquiries

Altynay Karibzhanova, Acting Director, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz (mailto:pr@kazatomprom.kz)

 

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

 

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's
attributable production representing approximately 20% of global primary
uranium production in 2023. The Group benefits from the largest reserve base
in the industry and operates, through its subsidiaries, JVs and Associates, 27
deposits grouped into 14 mining assets. All of the Company's mining operations
are located in Kazakhstan and extract uranium using ISR technology with a
focus on maintaining industry-leading health, safety and environment standards
(ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and Astana
International Exchange. Kazatomprom is the national atomic company in the
Republic of Kazakhstan, the Group's primary customers are operators of nuclear
generation capacity, the principal export markets for the Group's products are
China, South and Eastern Asia, Europe and North America. The Group sells
uranium and uranium products under long-term contracts, short-term contracts
as well as in the spot market, directly from its headquarters in Astana,
Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House
KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz
(https://www.kazatomprom.kz/en)

 

Forward-looking statements

All statements other than statements of historical fact included in this
communication or document are forward-looking statements. Forward-looking
statements give the Company's current expectations and projections relating to
its financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation,
any statements preceded by, followed by or including words such as "target,"
"believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan,"
"project," "will," "can have," "likely," "should," "would," "could" and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond the Company's control that could cause the
Company's actual results, performance or achievements to be materially
different from the expected results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements
are based on numerous assumptions regarding the Company's present and future
business strategies and the environment in which it will operate in the
future.

THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A
NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT
ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH
CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL
OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE
REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE
OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS
OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES
RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.

The information contained in this communication or document, including but not
limited to forward-looking statements, applies only as of the date hereof and
is not intended to give any assurances as to future results. The Company
expressly disclaims any obligation or undertaking to disseminate any updates
or revisions to such information, including any financial data or
forward-looking statements, and will not publicly release any revisions it may
make to the Information that may result from any change in the Company's
expectations, any change in events, conditions or circumstances on which these
forward-looking statements are based, or other events or circumstances arising
after the date hereof.

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