REG - JSC NAC Kazatomprom - KAP announces appointment of CEO and date of EGM

NAK Kazatomprom AOAnnouncement

14/09/2022 09:30

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RNS Number : 4206Z  JSC National Atomic Co. Kazatomprom  14 September 2022

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise noted

 

 

14 September 2022, Nur-Sultan, Kazakhstan
Kazatomprom announces appointment of CEO and date of EGM

JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company")
announces that today the Company's Board of Directors has approved the
appointment of Mr. Yerzhan Mukanov as Chief Executive Officer (CEO) and Chair
of Kazatomprom's Management Board. Mr. Mukanov, who has been acting CEO since
July and Chief Operations Officer since March 2022, brings a great deal of
expertise to his new position, having years of experience within the nuclear
industry. He has served in numerous nuclear industry roles over his 23-year
career, starting as an engineer of the laboratory of special methods of
enrichment and hydrometallurgy at the Institute of Metallurgy and Enrichment
under the Republic of Kazakhstan Academy of Sciences, joining the Kazatomprom
Group in 2006 first as a process engineer at JV KATCO LLP, then as production
development coordinator at AREVA Mines, before moving through senior executive
positions in Kazatomprom's subsidiaries and affiliates including JV KATCO LLP,
Kazatomprom-SaUran LLP, Karatau LLP and Semizbay-U LLP.

"I am happy to welcome Mr. Mukanov on behalf of the Board," said Neil
Longfellow, Chair of the Company's Board of Directors. "His appointment is in
line with the Company's succession plan, which was developed following the IPO
and continues to ensure the Kazatomprom is led by well qualified individuals.
Mr. Mukanov is well equipped to lead the Company and execute on our strategic
plans, with a continued focus on generating value for stakeholders."

"I am honored to accept this appointment to lead Kazatomprom's team, and I
would like to thank the Board of Directors for expressing confidence in my
ability to do so," said Mr. Mukanov. "I am eager to take on the CEO role and
join the Board of Directors to continue supporting Kazatomprom's position as
the leader in the global nuclear fuel market. In line with our focus
throughout the Company, I will continue reinforcing the cornerstones of our
success, including strong governance, health, safety and environmental
protection, social responsibility, and transparency, as we continue to deliver
strong results in line with our market-focused strategy. With positive
momentum building throughout the nuclear market at the moment, it is an
exciting time to be working in this industry, particularly within the world's
foremost primary uranium producer."

With the promotion of Mr. Mukanov to CEO, the Company, with the support of the
Board of Directors, has initiated a recruitment process to assess appropriate
candidates for the Chief Operations Officer position.

Kazatomprom's senior management team currently consists of:

·      Yerzhan Mukanov, Chief Executive Officer and Chairman of the
Management Board;

·      Kamila Syzdykova, Chief Financial Officer, member of the
Management Board;

·      Askar Batyrbayev, Chief Commercial Officer, member of the
Management Board;

·      Dosbolat Sarymsakov, Chief Nuclear Fuel Cycle Officer, member of
the Management Board;

·      Alibek Aldongarov, Chief HR and Digitalization Officer, member of
the Management Board;

·      Kazbek Shaimerdinov, Managing Director of Legal Support and
Risks.

Full biographies are available on the Company's website, www.kazatomprom.kz
(http://www.kazatomprom.kz) .

Notice of extraordinary General Meeting of Shareholders

NAC Kazatomprom JSC, located at 17/12, Syganak street, Nur-Sultan, Z05T1X3,
the Republic of Kazakhstan hereby notifies its shareholders of holding an
extraordinary General Meeting of Shareholders of NAC Kazatomprom JSC
(hereinafter - the "Meeting") in absentia in accordance with Articles 35-41,
43-47, 49-52 of the Law of the Republic of Kazakhstan dated 13 May 2003 No.
415-II "On Joint Stock Companies" (hereinafter - the "Law On Joint Stock
Companies"). The initiator of the extraordinary General Meeting of
Shareholders is Kazatomprom's major shareholder, Samruk-Kazyna JSC, that owns
194,517,456 ordinary shares of the Company (decisions of Samruk-Kazyna
Management Board No. 38/22 dated 14 July 2022 and No. 49/22 dated 9 September
2022).

Agenda of the extraordinary General Meeting of Shareholders

1. On the composition of the Board of Directors of NAC Kazatomprom JSC.

In connection with the termination of the powers of Mr. Mazhit Sharipov as the
Chairman of the Management Board of NAC Kazatomprom JSC and the appointment of
Mr. Yerzhan Mukanov as a new Chairman of the Management Board of NAC
Kazatomprom JSC, the issues of early termination of Mr. Sharipov's powers as a
member of Kazatomprom's Board of Directors according to his application and
the election of Mr. Mukanov a new member of the Company's Board of Directors
for a period until the expiration of the whole term of office of Kazatomprom's
Board of Directors are being submitted to the General Meeting of Shareholders
for review.

Start date of the provision of ballots for counting the results of absentee
voting is 24 October 2022.

Closing date for accepting ballots for counting the results of absentee voting
is 31 October 2022, until 18:00 (Nur-Sultan time).

The date of counting the results of absentee voting is 1 November 2022, until
18:00 (Nur-Sultan time).

The date and time of drawing up the list of shareholders entitled to
participate in the extraordinary General Meeting of Shareholders of the
Company is 30 September 2022 at 00:00 (Nur-Sultan time).

Materials on the agenda of the extraordinary General Meeting of Shareholders
of the Company will be ready and available to shareholders no later than 10
days before the date of the extraordinary General Meeting of Shareholders of
the Company in the office of NAC Kazatomprom JSC at: office No. 11, 18(th)
floor, 17/12 Syganak street, Yessil district, Nur-Sultan, Z05T1X3, the
Republic of Kazakhstan, on business days from 9:00 to 18:00 (Nur-Sultan time).
If there is a request from a shareholder of the Company, the materials on the
agenda of the extraordinary General Meeting of Shareholders of the Company
will be sent to this shareholder within 3 (three) working days from the date
of receipt of the request, while the costs for making copies of documents and
their delivery are borne by the shareholder. Shareholders' requests are
accepted at the actual address of the Company in accordance with the procedure
established by the legislation of the Republic of Kazakhstan.

The notice of the upcoming Meeting, as well as the ballot for absentee voting
will be available on the Company's web site in accordance with the law "On
Joint Stock Companies" and the Company's Charter.

We hereby invite shareholders to familiarize themselves with the following
procedure for holding the Meeting:

·    Shareholders voting by sending a ballot for absentee voting must
indicate the surname, first name, patronymic /name of the legal entity, the
number of voting shares and choose one of the voting options.

·    An absentee ballot shall be signed by a shareholder - an individual
(a representative of a shareholder - an individual), who shall indicate
his/her identity document (ID / passport number, date of issue, issuing
authority, and individual identification number (IIN)). A shareholder shall
also provide a copy of his/her identity document.

·   Absentee voting ballot of a shareholder - a legal entity shall be
signed by its CEO (a representative of a shareholder- legal entity).

·     A ballot which is not signed, by a shareholder - an individual, or
the CEO of a shareholder - a legal entity or a representative of a shareholder
- an individual, or a representative of a shareholder - legal entity shall be
deemed invalid.

·      Only one voting option shall be marked in the ballot.

·     The ballot for absentee voting must be received by NAC Kazatomprom
JSC or provided on a hard copy to the office of NAC Kazatomprom JSC at: 17/12
Syganak Street, Yessil district, Nur-Sultan, Republic of Kazakhstan, Z05T1X3,
by 18:00, on 31 October 2022 (Nur-Sultan time).

·     In case of signing a ballot for absentee voting by a
representative of a shareholder, the ballot for absentee voting is followed by
the copy of power of attorney or other document confirming the powers of the
shareholder's representative.

·     For votes counting, only those votes on the agenda items are
counted where a shareholder (a representative of a shareholder) followed the
voting procedure prescribed in the ballot, and only one of the voting options
was marked.

·     The General Meeting of Shareholders of NAC Kazatomprom JSC may
consider and make decisions on the agenda items only if the shareholders
(representatives of shareholders), included in the list of shareholders
entitled to participate and vote, and owning in total fifty or more percent of
voting shares of the Company, were registered as of the period or on the
closing date for submission of ballots.

·     The list of Kazatomprom's shareholders entitled to participate and
vote at the extraordinary General Meeting of Shareholders of NAC Kazatomprom
JSC is compiled by the Central Securities Depository JSC based on the data of
Kazatomprom's shareholders register system.

·    If, after compiling a list of shareholders entitled to participate and
vote at the General Meeting of Shareholders, a person included in such a list
alienated his/her voting shares of the Company, the right to participate in
the General Meeting of Shareholders is transferred to a new shareholder. In
this case, documents confirming the ownership of shares shall be submitted.

·    Kazatomprom's shareholder has the right to participate in the
management of the Company in accordance with the procedure provided for by the
Law "On Joint Stock Companies" and (or) the Company's Charter.

·     Holders of Global Depositary Receipts have the right to vote at
the General Meetings of Shareholders of NAC Kazatomprom JSC on behalf of the
beneficiary owners with respect to the deposited shares, given that the
identification and other information required by applicable Kazakhstan
legislation, in relation to the beneficial owners in the Central Securities
Depository JSC is provided through the Depositary (Citibank N.A.).

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Aidar Aishabekov, Chief Manager, Corporate Secretary's Service

Tel.: +7 7172 45 83 33 (int. 10135)

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

Kazatomprom Investor Relations Inquiries

Cory Kos, International Adviser, Investor Relations

Botagoz Muldagaliyeva, Director of Investor Relations

Tel: +7 (8) 7172 45 81 80

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Gazhaiyp Kumisbek, Chief Expert of GR & PR Department

Tel: +7 (8) 7172 45 80 63

Email: pr@kazatomprom.kz

A copy of this announcement will be available at the Company's website
www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company's
attributable production representing approximately 24% of global primary
uranium production in 2021. The Group benefits from the largest reserve base
in the industry and operates, through its subsidiaries, JVs and Associates, 26
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.

Kazatomprom securities are listed on the London Stock Exchange, Astana
International Exchange, and Kazakhstan Stock Exchange. As the national atomic
company in the Republic of Kazakhstan, the Group's primary customers are
operators of nuclear generation capacity, and 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 Nur-Sultan, 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
(http://www.kazatomprom.kz)

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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