{"id":6554,"date":"2016-04-10T05:33:00","date_gmt":"2016-04-10T05:33:00","guid":{"rendered":"https:\/\/investors.kcell.kz\/?p=6554"},"modified":"2023-12-19T05:34:35","modified_gmt":"2023-12-19T05:34:35","slug":"proposed-dividend-for-the-fy-2015","status":"publish","type":"post","link":"https:\/\/investors.kcell.kz\/?p=6554","title":{"rendered":"Proposed dividend for the FY 2015"},"content":{"rendered":"\n

Almaty, 11 April 2016 – Kcell Joint Stock Company (\u201cKcell\u201d or the \u201cCompany\u201d, LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces that its Board of Directors has recommended the annual dividend (\u201cDividend\u201d) in the amount of KZT 23,316 million, or KZT 116.58 per ordinary share. This represents 50 percent of the Company\u2019s net income for the 12 months ending 31 December 2015 (\u201cthe Period\u201d).<\/p>\n\n\n\n

The Company\u2019s dividend policy aims for the distribution of at least 70 percent of the Company\u2019s net income for the previous reporting year. When recommending the payment of a dividend at the Annual General Meeting of shareholders (\u201cAGM\u201d), the Board of Directors has to take into consideration the amount of cash the Company has in hand, its cash flow projections and its investment plans in the medium-term perspective, as well as capital market conditions.<\/p>\n\n\n\n

Given the Company\u2019s medium-term investment plans for the development of LTE infrastructure and cash flow projections, the Board decided to curtail the dividend payment for 2015 to 50 percent of the net income.<\/p>\n\n\n\n

The proposed record date of Shareholders entitled to receive the dividends is 19 May 2016 (01:00 Almaty time). If approved at the AGM on 18 May 2016, the proposed Dividend will be paid starting from 1 August 2016.<\/p>\n\n\n\n

*Due to technical banking requirements, the actual net income amount is slightly rounded down to ensure that it is equally divided into total number of shares, therefore the final dividend per share has two decimals.<\/p>\n\n\n\n

Enquiries:<\/p>\n\n\n\n

Kcell<\/td> <\/td><\/tr>
Investor Relations<\/td>Tel: +7 727 2582755 ext. 1002<\/td><\/tr>
Irina Shol<\/td>Investor_relations@kcell.kz<\/a><\/td><\/tr>
 <\/td> <\/td><\/tr>
Media<\/td>\u0422\u0435l: +7 727 2582755<\/td><\/tr>
Natalya Eskova<\/td>Pressa@kcell.kz<\/a><\/td><\/tr>
 <\/td> <\/td><\/tr>
International Media<\/td> <\/td><\/tr>
Instinctif Partners<\/td>Tel: +44 207 457 2020<\/td><\/tr>
Kay Larsen \/ Galyna Kulachek \/ Adrian Duffield<\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Company Overview<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

In December 2012, Kcell successfully completed its offering of GDR\u2019s 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\u2019s share capital. TeliaSonera holds directly and indirectly 61.9 percent of the Company\u2019s common shares.<\/p>\n\n\n\n

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 and to introduce high quality 4G services in due course. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Almaty, 11 April 2016 – Kcell Joint Stock Company (\u201cKcell\u201d or the \u201cCompany\u201d, LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces that its Board of Directors has recommended the annual dividend (\u201cDividend\u201d) in the amount of KZT 23,316 million, or KZT …<\/p>\n

Proposed dividend for the FY 2015<\/span> Read More »<\/a><\/p>\n","protected":false},"author":5,"featured_media":2451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[589],"tags":[],"_links":{"self":[{"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/posts\/6554"}],"collection":[{"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6554"}],"version-history":[{"count":1,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/posts\/6554\/revisions"}],"predecessor-version":[{"id":6555,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/posts\/6554\/revisions\/6555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=\/wp\/v2\/media\/2451"}],"wp:attachment":[{"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investors.kcell.kz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}