Extraordinary General Meeting Announced for Kaspi.kz
The Board of Directors of JSC Kaspi.kz is excited to announce a significant upcoming event for its shareholders. An Extraordinary General Meeting will take place to discuss various essential topics vital for the company's future operations and shareholder benefits.
Date and Location of the Meeting
The meeting is scheduled for 19 November 2024, at 10:00 Astana time. It will be held at 154 “?”, Nauryzbai Batyr Street, Almaty. This gathering represents a crucial opportunity for shareholders to engage with the company’s ongoing governance and strategic decisions.
Contingency Plan for Quorum
In the event that a quorum is not met on the first day, a second meeting will follow on 20 November 2024, at the same location and time. This ensures that all shareholders have the opportunity to participate and voice their opinions on the matters at hand.
Agenda for the Meeting
During the meeting, several key points will be addressed, including:
1. Approval of the agenda for the meeting.
2. Discussion about the distribution of dividends on common shares and the approval of the dividend amount.
3. Review and approval of the amended Charter of JSC Kaspi.kz.
4. Election of a new Board Member following the resignation of one of the current members.
5. Determining the remuneration and reimbursement terms for Board Members associated with their duties.
Major Transactions Discussion
One notable agenda item will focus on entering into substantial transactions, which may involve the acquisition or sale of assets valued at 50 percent or more of the company’s total book value. This is a crucial aspect for the financial health and strategic positioning of Kaspi.kz.
Eligibility to Participate
Shareholders eligible to attend and vote will be determined based on the shareholder register as of 18 October 2024. It is integral for shareholders to ensure that their details are up to date for participation.
Proposed Dividend Details
The Board of Directors has recommended a dividend of 850 KZT per common share, demonstrating the company’s commitment to returning value to its shareholders. Shareholders will have the opportunity to approve this recommended dividend during the meeting.
Important Dates
The proposed record date for dividends payable to common shareholders of JSC Kaspi.kz is set for 18 November 2024. Additionally, holders of American Depositary Shares (ADSs) will see an expected dividend record date of 20 November 2024.
Further Information
Shareholders and interested parties are encouraged to seek more information through the investor relations (IR) website of Kaspi.kz. For any immediate inquiries, please feel free to contact David Ferguson at david.ferguson@kaspi.kz. You can reach him via phone at +44 7427 751 275.
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to discuss critical agenda items such as dividend distribution, board elections, and significant financial transactions.
When will the meeting take place?
The Extraordinary General Meeting is set for 19 November 2024, with an alternate date of 20 November if needed.
How can I participate in the meeting?
Eligibility to participate is based on the shareholder register as of 18 October 2024. Ensure your details are registered correctly.
What is the proposed dividend amount?
The Board recommends a dividend of 850 KZT per common share to be approved during the meeting.
Who can I contact for more information?
For inquiries, you can reach David Ferguson at david.ferguson@kaspi.kz or call +44 7427 751 275.
