REG - JSC NAC Kazatomprom - Voting Results of the EGM of Shareholders

NAK Kazatomprom AOAnnouncement

21/10/2025 07:00

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RNS Number : 1857E  JSC National Atomic Co. Kazatomprom  21 October 2025

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

 

 

21 October 2025, Astana, Kazakhstan
 

Voting Results of the Extraordinary General Meeting of Shareholders

National Atomic Company Kazatomprom JSC ("Kazatomprom" or "the Company")
announces the absentee voting results on each issue of the agenda of the
Extraordinary General Meeting of Shareholders ("the EGM") summed up on 20
October 2025 at 06:00 pm local time (GMT+5).

At the time of the EGM, the 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 19 September 2025, the total number
of voting shares of the Company amounted to 227,204,816. Shareholders and
their authorized representatives holding 225,431,466 shares (representing
99.22% 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. On concluding the Letter Agreement No. 3 to the Long-term contract between   205,876,556  91.33%  11,932,957     5.29%  7,621,953  3.38%
 Kazatomprom and CNNC Overseas Limited No. CNOL2023-50 dated 26 June 2023 for
 the sale and purchase of natural uranium concentrates.
 2. On amending the decision of the Extraordinary General Meeting of             205,876,556  91.33%  11,932,957     5.29%  7,621,953  3.38%
 Shareholders of Kazatomprom dated 15 November 2024 (Minutes No. 3) on the
 fourth agenda item "Concluding a major transaction as a result of which
 Kazatomprom acquires or 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".

 
Amendments to the agreements for the sale and purchase of natural uranium concentrates
The EGM has approved the conclusion of the Letter Agreement No. 3 to the Long-term contract with CNNC Overseas Limited ("CNOL") No. CNOL2023-50 dated 26 June 2023 for the sale and purchase of natural uranium concentrates as well as the updated version of the Long-term agreement for the sale and purchase of natural uranium concentrates with China National Uranium Corporation Limited ("CNUC").
The conclusion of the respective transaction with CNUC was approved by the decision of the Extraordinary General Meeting of Shareholders of the Company dated 15 November 2024. However, the agreement has not yet been concluded as the authorized bodies of CNUC proposed certain editorial amendments to its provisions.
Thus, the amendments to the above-mentioned agreements for the sale and purchase of natural uranium concentrates with CNOL and CNUC are purely editorial, material terms of these transactions (volumes, prices, delivery schedules) remain unchanged and confidential.

CNUC, a company registered in the People's Republic of China, and CNOL, a
company registered in Hong Kong, both are affiliated entities of China
National Nuclear Corporation (CNNC) - a state corporation of the People's
Republic 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.

 

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

Daniyar Oralov, 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) .

 

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's
attributable production representing approximately 21% of global primary
uranium production in 2024. 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, and the Group's primary customers are operators of
nuclear generation capacity, the main export markets for the Group's products
are 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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