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ASTANA - JSC National Atomic Company Kazatomprom (LON:KAPq) has announced the schedule for its Annual General Meeting (AGM) and proposed dividends following a recent Board of Directors meeting. The AGM is set to take place on May 27, 2025, at the company’s headquarters in Astana, Kazakhstan.
The Board has recommended a dividend of KZT 1,264.12 per ordinary share for the year 2024, with the total payout amounting to approximately KZT 327.9 billion. This represents 75% of the company’s free cash flow, in line with its current dividend policy. Shareholders will vote on this recommendation at the AGM, and if approved, dividend distribution will begin on July 17, 2025.
In addition to setting the AGM date and dividend proposal, the Board approved the company’s Integrated Annual Report for 2024. The report complies with various international disclosure and transparency standards, including those of the Financial Conduct Authority (FCA), the Astana International Exchange (AIX), and sustainability reporting guidelines from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The report will be available on Kazatomprom’s website by April 30, 2025.
Furthermore, the AGM agenda includes the election of a new representative to the Board of Directors. Mrs. Saltanat Satzhan is proposed to succeed Mr. Yernat Berdigulov, following his departure from the role on March 27, 2025.
The company also plans to revise its dividend policy to more accurately reflect the cash flows attributable to shareholders. This revision will exclude cash flows related to non-controlling interests and consider proceeds from investment activities, such as asset disposals and subsidiary dividends. The new policy, pending AGM approval, will apply to 2025 and subsequent financial years.
Shareholders entitled to attend the AGM will be registered on May 27, 2025, from 9:00 to 10:20 local time. In the event of an absence of quorum, an adjourned meeting will be convened the following day.
This announcement is based on a press release statement from Kazatomprom.
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