AIX: KAP, KAP.Y (GDR)
LSE: KAP (GDR)
Currency: KZT (₸), unless otherwise specified
15 November 2024, Astana, Kazakhstan
Voting Results of the Extraordinary General Meeting of Shareholders
National Atomic Company "Kazatomprom" JSC ("Kazatomprom" or "the Company") announces the voting results on each issue of the agenda of the Extraordinary General Meeting of Shareholders ("EGM") which took place on 15 November 2024 at 10:30 am local time (GMT+5) at the following address: floor 3, 17/12 Syganak street, Nura district, Astana, Z05T1X3, the Republic of Kazakhstan.
At the time of the EGM a total number of outstanding shares equaled to 259,356,608. According to the shareholder register and information on the owners of shares in nominal holding as of 17 October 2024, the total number of voting shares of the Company amounted to 223,893,489. Shareholders and their authorized representatives holding 191,034,686 shares (representing 85.32% of the total number of voting shares) submitted their votes.
Shareholders voted on each issue of the EGM agenda and respective decisions were made.
| Resolution | Votes For | % | Votes Against | % | Withheld | % | |
| 1.1. Election of the Chairman of the Extraordinary General Meeting of Shareholders of Kazatomprom. | 188,974,112 | 98.92% | 0 | - | 2,060,574 | 1.08% | |
| 1.2. Election of the Secretary of the Extraordinary General Meeting of Shareholders of Kazatomprom. | 148 | 95.48% | 0 | - | 7 | 4.52% | |
| 2. Determining the form of voting of the Extraordinary General Meeting of Shareholders of Kazatomprom. | 188,981,112 | 98.93% | 0 | - | 2,053,574 | 1.07% | |
| 3. Approval of the agenda of the Extraordinary General Meeting of Shareholders of Kazatomprom. | 188,981,112 | 98.93% | 0 | - | 2,053,574 | 1.07% | |
| 4. Concluding a major transaction as a result of which Kazatomprom acquires or alienates (may acquire or alienate) property, the value of which is more than fifty percent of the total book value of Kazatomprom assets as of the date of approving the transaction as a result of which more than fifty percent of the total book value of its assets is acquired or alienated (may be acquired or alienated), namely: the spot contract for the sale and purchase of natural uranium concentrates between Kazatomprom as the "Seller" and CNNC Overseas Limited as the "Buyer" and the long-term agreement for the sale and purchase of natural uranium concentrates between Kazatomprom as the "Seller" and China National Uranium Corporation Limited as the "Buyer". | 168,729,454 | 88.32% | 14,443,993 | 7.56% | 7,861,239 | 4.12% | |
Approval of a major transaction
The Extraordinary General Meeting of Shareholders of Kazatomprom has approved to conclude the spot contract for the sale and purchase of natural uranium concentrates between Kazatomprom and CNNC Overseas Limited ("CNNC Overseas") and the long-term agreement for the sale and purchase of natural uranium concentrates between Kazatomprom and China National Uranium Corporation Limited ("CNUC").
CNNC Overseas, a company registered in Hong Kong, and CNUC, a company registered in China both are affiliated entities of China National Nuclear Corporation ("CNNC") - a state corporation of China involved in all areas of nuclear industry. CNNC is the main operator of nuclear power plants in China and is engaged in R&D in nuclear energy and technologies, construction of nuclear power plants and production of nuclear fuel.
The abovementioned transaction will contribute to expanding bilateral cooperation between the Republic of Kazakhstan and China, ensuring a stable supply of uranium from Kazakhstan to China facilitating zero-carbon transition and further strengthening the role of Kazakhstan as a key player in the global nuclear energy market.
For more information, please contact:
Extraordinary General Meeting of Shareholders Inquiries
Aigerim Dossanova, Corporate Secretary
Tel.: +7 7172 45 82 84
Email: adosanova@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel.: +7 7172 45 81 80/69
Email: ir@kazatomprom.kz
Public Relations and Media Inquiries
Altynay Karibzhanova, Acting Director, Public Relations
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
A copy of this announcement is available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the world's largest producer of uranium with the Company's attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).
Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please see the Company website at www.kazatomprom.kz
Forward-looking statements
All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future.
THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.
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