Notice of Annual General Meeting of Shareholders

Almaty, 16 April 2020 – Kcell Joint Stock Company (“Kcell” or the "Company") (LSE, KASE: KCEL; AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, notifies that the Board of Directors has decided to convene the Annual General Meeting of Shareholders of Kcell JSC on 28 May 2020 at 15:00 (Almaty time) at the following address: 2G, Timiryazev street, Almaty 050013, Republic of Kazakhstan. Registration of participants of the Annual General Meeting of Shareholders will start at 14:00 (Almaty time).

 The Annual General Meeting of Shareholders of the Company will be held in person.

 In the event that the Annual General Meeting of Shareholders does not take place on the above date, it will be rescheduled for 29 May 2020 at 15:00 (Almaty time).

Shareholders registered by the Central Securities Depositary as shareholders in the registrar of holders of shares as of 20 April 2020 (00:00 Almaty time) are entitled to attend the Annual General Meeting of Shareholders.

To register, participants will need to provide their identity documents and trustees are required to present a power of attorney to participate in the meeting with the right to vote.

Proposed agenda of the Annual General Meeting of Shareholders:

1. Approval of Kcell JSC Annual Financial Statements for 2019;

2. Approval of the distribution of Kcell JSC net income for the financial year, the decision on the dividend payment on ordinary share and the size of the dividend payout per one ordinary share;

3. Approval of Regulation on the Board of Directors of Kcell JSC.

Materials on the agenda

The Company’s shareholders can access the materials relating to the above agenda of the Annual General Meeting of Shareholders by sending a request with documents certifying the shareholder’s status attached to the following e-mail: materialsgm@kcell.kz or at the Company’s executive office of the Management Board at the following address: Republic of Kazakhstan, 050051, Almaty, Samal-2, 100. The materials of the Annual General Meeting of Shareholders will be available for shareholders to review not later than 10 days before the meeting. Shareholders can request to have materials to be sent to them within three working days of the receipt of such a request. Charges for copies of the documents and document delivery are at the expense of shareholders.

Enquiries:

Investor Relations

Irina Shol

Tel: +7 727 2582755 ext. 1002

Investor_relations@kcell.kz

 

 

 

International Media

 

Instinctif Partners

Tel: +44 207 457 2020

Kay Larsen, Galyna Kulachek

 


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 50 million shares, which represent 25 percent of Kcell’s share capital.

On 21 December 2018, Kazakhtelecom JSC acquired the 75 percent stake in Kcell held by Telia Company and Fintur Holdings B.V.

Kcell plans to continue investing in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to provide high quality services at competitive prices, expand its offering of products and services, while maintaining the high quality of its network and enhancing its brand value.