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Changes to composition of executive body

Changes to composition of executive body

Almaty, 11 August 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, today announces that on 3 August 2020 its Board of Directors terminated the employment contract and position on the Management Board of Chief Commercial Director Hikmatulla Nasritdinhodjaev. This follows agreement by both parties on 4 July 2020 to waive the customary notice period.

The composition of the Management Board of Kcell JSC is now as follows:

  1. Kaspars Kukelis – Chairman of the Management Board, Chief Executive Officer; term of office until 19 June 2021;
  2. Askar Yesserkegenov – member of the Management Board, Chief Technical Officer; term of office until 19 June 2021;
  3. Sergey Yeltsov – member of the Management Board, Chief Legal Officer; term of office until 19 June 2021;
  4. Yuri Kharlamov - member of the Management Board, Chief Financial Officer; term of office from 19 June 2020 until 19 June 2021.

Enquiries:

Kcell

 

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.