Results of 2015 Annual General Meeting of Shareholders of Kcell JSC

 

Almaty, 20 April 2015 - Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL) the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces the results of its Annual General Meeting of Shareholders (“AGM”) held on 17 April 2015.

The AGM approved the proposal of Kcell’s Board of Directors to distribute 70 percent of the net income for 2014 as an Annual Dividend and an additional 30 percent as a Special Dividend. The Company will distribute a total of KZT 58,260 million, representing 100 percent of its net income for the period from 1 January 2014 to 31 December 2014.

The total dividend amount will equate to a gross figure of KZT 291.30 per ordinary share (each GDR representing one ordinary share). Kcell shareholders registered at the record date of 20 April 2015 (01:00 Almaty time) will be entitled to receive the dividends.

The dividends will be paid in two separate tranches:

  • - KZT 203.91 gross per ordinary share – no later than 15 May 2015;
  • - KZT 87.39 gross per ordinary share – no later than 30 October 2015.

Dividends will be paid electronically to shareholders’ bank accounts.

The Company’s details:

Name: Kcell JSC

Address: Kazakhstan, 050051, Almaty, mcr. Samal-2, 100,

Bank details: BIN 980540002879 BIC KZKOKZKX IBAN KZ539261802102350000 at Kazkommertsbank JSC Kbe 17.

The AGM also unanimously passed resolutions on the meeting’s agenda and on the election of the Chairman and Secretary of the AGM. The AGM approved the decision to adopt an open form of voting during the meeting. Other passed resolutions included approving the Company’s Separate and Consolidated Financial Statements for the year ended 31 December 2014 and the Independent Auditor’s Report. Shareholders were also informed on the amount and structure of remuneration for the members of Board of Directors and Executive Body of the Company. The Board of Directors received no queries from shareholders in connection with the performance of the Company and its executives.

Enquiries:

Kcell  
Investor Relations  
Irina Shol Tel: +7 727 2582755 ext. 1205
Investor_relations@kcell.kz
Media
Natalya Eskova
Теl: +7 727 2582755
Pressa@kcell.kz
International Media  
Instinctif Partners Tel: +44 207 457 2020
Leonid Fink, Galyna Kulachek, Tony Friend, Kay Larsen  

Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass market subscribers. The Company offers its services through its extensive, high quality network which covers substantially all of the populated territory of Kazakhstan.

In December 2012, Kcell successfully completed its offering of GDR’s on the London Stock Exchange and common shares on KASE. The price was set at USD 10.50 per GDR and KZT 1,578.68 per share with each GDR representing one share.  The offering consisted of a sale by TeliaSonera of 50 million shares, which represent 25 percent of Kcell’s share capital. TeliaSonera holds directly and indirectly 61.9% of the Company’s common shares.

Kcell plans to benefit from the significant growth potential for mobile data services in Kazakhstan. The Company intends to continue to invest in the deployment of its 3G network to expand coverage. Kcell aims to maintain its market leadership in terms of revenue and the number of subscribers by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the high quality of its network and enhancing its brand value.