Almaty, 18 February 2022 – Kcell Joint Stock Company (“Kcell” or the “Company”), (KASE: KCEL), one of the leading provider of mobile telecommunications services in Kazakhstan, today announces that its Board of Directors has recommended the Annual General Meeting of Shareholders (AGM) to approve an annual dividend payment based on the 2021 results in the amount of KZT 21,500 million, representing 66% of the consolidated net income, or KZT 107.5 per ordinary share.
The proposed record date for shareholders entitled to receive the dividends is the first business day following the date of the Company’s AGM (00:00 Almaty time). The proposed date for the dividend payment is the first business day after the date of compiling a list of shareholders entitled to receive dividends; and within 80 days from the proposed dividend payment date.
The proposed procedure for payment of dividends is a one-off payment. The payment of dividends on ordinary shares will be made through the paying agent – Central Securities Depository JSC.
The dividend amount, the proposed record date of shareholders entitled to receive dividends, and the proposed date of commencement of dividend payment are subject to the AGM’s approval.
The date and time of the AGM will be announced in due course.
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Kcell is a national provider of the digital telecommunications services: mobile and fixed-mobile convergence (FMC) services, data transmission and Internet access, financial services, digital services and mobile applications, IT solutions in the field of system integration, the Internet of things, machine-to-machine connectivity, collection and processing of big data and cloud computing. Kcell is also a leading mobile operator in Kazakhstan providing the ‘smartphone+tariff’ service.
Kcell has become the largest digital ecosystem in Kazakhstan with a competitive advantage through its value-added services such as mobile financial services, mobile TV, online movies, music, books and magazines, as well as unique solutions for business customers. The company holds leading positions in the B2B market thanks to its strategy of vertical infrastructure solutions and development and implementation of the cutting-edge technologies. The company’s 4G/LTE network covers 67.5% of the country’s population and provides high quality services.
The company operates under its two brands – Kcell and activ that are widely recognized in our highly competitive telecom market due to the high quality of customer service. Thanks to its clear multi-brand architecture, Kcell increases its business efficiency in the B2C segment.