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ASTANA - National Atomic Company "Kazatomprom (LON:KAPq)" JSC (AIX:KAP, LSE: KAP), the world’s leading natural uranium producer, held its Annual General Meeting of Shareholders (AGM) today, with significant decisions on dividends and board composition among the key outcomes.
During the AGM, shareholders voted in favor of a KZT 1,264.12 per share dividend, based on the 2024 financial year’s performance. This payout represents a substantial 75% of the company’s free cash flow, totaling approximately KZT 327.9 billion. Shareholders on the register by 16 July 2025 will be eligible for the dividend, with payments commencing on 17 July 2025.
In addition, the AGM ratified amendments to Kazatomprom’s dividend policy. The revisions primarily adjust the consolidated free cash flow calculation, which underpins dividend payments, to exclude cash flows related to non-controlling interests and to consider proceeds from the disposal of assets and dividends received from subsidiaries. This modification aligns future dividends more closely with cash inflows directly attributable to the company’s shareholders.
The meeting also saw changes to the Board of Directors. Mrs. Saltanat Satzhan was elected as a new board member, replacing Mr. Yernat Berdigulov. Satzhan, representing the interests of Samruk-Kazyna JSC, currently serves as Managing Director for Development and Privatization at the sovereign wealth fund. The updated board composition includes independent directors and representatives from Samruk-Kazyna JSC, along with Kazatomprom’s CEO, Meirzhan Yussupov.
Other agenda items at the AGM included the election of the meeting’s chairman and secretary, approval of the AGM’s agenda and voting procedures, and the acknowledgment of shareholder appeals and the remuneration of board and management board members.
The information provided in this article is based on a press release statement from Kazatomprom.
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