Key Details on Kaspi.kz's Annual General Meeting Announcement

Kaspi.kz Annual General Meeting Announcement

JSC Kaspi.kz is gearing up for an important occasion that brings together its shareholders for the Annual General Meeting (AGM). This event is a significant opportunity for shareholders to engage with the company’s leadership and learn about the financial health and strategic direction of Kaspi.kz, which is traded on Nasdaq under the ticker KSPI.

Meeting Details

The AGM is scheduled to take place at 10:00 Astana time on March 28, 2025. Shareholders will convene at the company’s designated address which will be part of a professional and informative session. In the event a quorum is not met, a follow-up meeting will occur on March 31, 2025, at the same time and location. This ensures that every shareholder has an opportunity to participate in the deliberations.

Agenda Highlights

The agenda for this year's meeting includes several crucial items that shareholders should be aware of:

Approval of Meeting Agenda

The first item on the agenda is the approval of the meeting’s agenda. This standard procedure aligns with the legal framework guiding AGMs in Kazakhstan and ensures that all discussions proceed in an orderly manner.

Financial Report Review

Next, shareholders will review the audited financial statements for the year ending 2024. The Board of Directors will present these statements alongside a report from external auditors, providing an in-depth look at the company's financial performance.

Dividend Distribution Considerations

One significant discussion point will be the distribution of net income for 2024 and the recommendation concerning dividends. Following a detailed review, the Board recommends no dividends be paid on common shares this year, particularly due to the quarterly payments made throughout 2024.

Shareholder Inquiries

Shareholders will also receive updates concerning any appeals or inquiries raised throughout the year regarding the company and its operations, ensuring transparency and accountability.

External Auditor Appointment

Another essential agenda item is the potential reappointment of Deloitte LLP as the external auditor for the upcoming financial year. The Board of Directors will cover the remuneration for the auditor, as per Kazakhstan's legal requirements, allowing shareholders to align with the company's auditing practices.

Eligibility to Attend

Participation in the AGM requires that shareholders be registered in the company’s shareholder listing as of February 21, 2025. This registry will determine who is eligible to participate and cast their votes on the discussed matters. It is advisable for shareholders to verify their status in advance to ensure their input is counted.

Contact Information

Should shareholders or interested parties have any questions or require further information about the AGM, they are encouraged to reach out to David Ferguson at david.ferguson@kaspi.kz or call +44 7427 751 275. He will gladly provide the necessary guidance and address any queries related to the meeting details and agenda.

Frequently Asked Questions

What is the date of the Annual General Meeting?

The AGM is scheduled for March 28, 2025, with a repeat meeting on March 31, 2025, if necessary.

Where will the meeting be held?

The meeting will take place at 154 “?”, Nauryzbai Batyr Street, Almaty, Kazakhstan.

How can I verify my eligibility to attend the meeting?

Eligible shareholders will be determined based on the shareholder register as of February 21, 2025.

What should shareholders expect during the meeting?

Shareholders can expect discussions regarding financial performance, dividend distributions, and more, all aimed at guiding the company's future.

Who can I contact for more information?

David Ferguson is available at david.ferguson@kaspi.kz for any inquiries related to the meeting.

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