REG - JSC NAC Kazatomprom - Notice of KAP's Extraordinary General Meeting

NAK Kazatomprom AOAnnouncement

11/09/2024 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240911:nRSK7284Da&default-theme=true

RNS Number : 7284D  JSC National Atomic Co. Kazatomprom  11 September 2024

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise specified

 

11 September 2024, Astana, Kazakhstan

Notice of Extraordinary General Meeting of Shareholders of Kazatomprom

National Atomic Company "Kazatomprom" JSC (the "Company" or "Kazatomprom"),
address: 17/12, Syganak street, Nura district, Astana, Z05T1X3, Republic of
Kazakhstan, hereby notifies Company shareholders of its in-person
extraordinary General Meeting of Shareholders ("the Meeting") in accordance
with Articles 35-48, 50-52 of the Law of the Republic of Kazakhstan dated May
13, 2003 No. 415-II "On Joint Stock Companies". Extraordinary General Meeting
of Shareholders is convened at the initiative of the Board of Directors of
Kazatomprom (Minutes No. 14/24 dated 26 August 2024).

The Meeting will take place on 16 October, 2024 at 10:30 local time (GMT+5) at
the Company's headquarters at the following address: floor 3, 17/12 Syganak
street, Nura district, Astana, Z05T1X3, the Republic of Kazakhstan with the
following agenda:

The registration of shareholders will take place on 16 October 2024 from 9:00
untill 10:20 local time (GMT+5) at the Meeting venue.

Date and time when a list of shareholders entitled to participate in the EGM
will be compiled as of September 17, 2024 at 00:00 local time (GMT+5).

In the absence quorum, the adjourned extraordinary General Meeting of
Shareholders of the Company will be convened on 17 October 2024 at 10:30 local
time (GMT+5) at the place of the initial Meeting, with the same agenda. The
registration of shareholders will begin at 09:00 local time (GMT+5). The
registration of shareholders closes at 10:20 local time (GMT+5).

The notice of the upcoming Meeting will also be available on the Company's
website in accordance with the JSC Law and the Company's Charter.

Agenda of the general meeting of shareholders:

1.         Election of the Chairman and the Secretary of the
extraordinary General Meeting of Shareholders of Kazatomprom.

2.         Determining the form of voting of the extraordinary General
Meeting of Shareholders of Kazatomprom.

3.         Approval of the agenda of the extraordinary General Meeting
of Shareholders of Kazatomprom.

4.         Concluding a major interested party transaction - the Deed
of Guarantee between Kazatomprom, KAP Logistics LLP and Taiqonyr qyshqyl
zauyty LLP.

In accordance with sub-clause 1) of clause 4 of Article 43 of the JSC Law,
additional items may be included to the agenda of the Meeting if proposed by
shareholders who own five or more percent of the Company's voting shares
independently or jointly with other shareholders, or by the Board of
Directors, given that the Company's shareholders are notified of such
additions no later than 15 days prior to the Meeting.

According to clause 4 of Article 44 of the JSC Law, materials on the agenda of
the Meeting must be ready and available for review at the request of the
shareholder no later than 10 calendar days before the date of the Meeting at
the actual location of the Company.

At the request of the shareholder, materials on the agenda of the Meeting will
be sent within 3 working days from the date of receipt of such request. The
costs of making copies of documents and delivering documents are borne by the
shareholder. Requests from the Company's shareholders are accepted at the
actual location of the Company in accordance with the procedure established by
the legislation of the Republic of Kazakhstan.

The order of the Meeting

Shareholders or their representatives (collectively, "shareholders")
participating in the Meeting must register before the Meeting begins.
Shareholders must provide an identity document. Representatives of
shareholders must be provided with a power of attorney confirming their
authority to participate and vote at the Meeting, or a document confirming the
right to act on behalf of the shareholder or represent his interests without a
power of attorney.

Holders of global depositary receipts can exercise their voting rights at the
Annual General Meeting of Shareholders of Kazatomprom using the services of
the depository bank (Citibank N.A.) as a depository. 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 Kazakh legislation, in relation to the
beneficial owners in the Central Securities Depository JSC is provided through
the Depository Bank (Citibank N.A.).

A shareholder, who has not been registered shall not be counted in determining
the quorum and shall not have the right to vote.

The Meeting starts at the stated time, subject to the presence of a quorum.

The Meeting elects the Chair and secretary of the Meeting and determine the
form of voting - open or secret (by ballot).

In accordance with clause 1 of Article 50 of the JSC Law, voting on the agenda
of the Meeting is carried out on the principle of "one share - one vote", with
the exception of cumulative voting when electing members of the Board of
Directors and granting each person entitled to vote at the Meeting one vote on
procedural issues of the Meeting.

The Chair has no right to interfere with the speeches of persons entitled to
participate in the discussion of the agenda item, except in cases when such
speeches lead to a violation of the rules of procedure of the Meeting or when
the debate on this issue is terminated.

The meeting is declared closed only after consideration of all items on the
agenda and making decisions on them.

In accordance with clause 1 of Article 52 of the Law "On Joint Stock
Companies", the minutes of the Meeting are drawn up and signed within three
working days after the closing of the Meeting.

Approval of a major interested party transaction

In accordance with the decision of the Company's Board of Directors (Minutes #
14/24 dated August 26, 2024), Taiqonyr qyshqyl zauyty LLP and KAP Logistics
LLP are planning to conclude an offtake contract for the purchase of sulfuric
acid under the project "Construction of a sulfuric acid plant with a capacity
of 800 thousand tons per year in the village of Taikonyr, Suzak district,
Turkestan region" for a period till 2043 on a take-or-pay basis.

The project will ensure reliable supply of a reagent needed for uranium mining
enterprises of NAC Kazatomprom JSC.

According to the terms of the offtake contract KAP Logistics LLP is to engage
a guarantor to ensure that its financial obligations under the offtake
Contract are fulfilled properly. Therefore, it is planned to conclude a
Guarantee Agreement between Kazatomprom as the "Guarantor", KAP Logistics LLP
as the "Debtor" and Taiqonyr Qyshqyl Zauyty LLP as the "Beneficiary". The
total amount of guarantee obligations of Kazatomprom will be equal to those of
KAP Logistics LLP under the offtake contract.

 

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Aigerim Dosanova, 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) .

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, 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
(ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange, Astana
International Exchange and Kazakhstan Stock 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) .

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGQFLBFZKLFBBZ