National Atomic Company Kazatomprom Joint Stock Company (hereinafter – the Company, Kazatomprom or NAC Kazatomprom JSC) announces the sale of its stake in Caustic JSC.
By the decree of the Government of the Republic of Kazakhstan, the industrial enterprise was included in the list of organizations subject to transfer to the competitive environment as part of a Comprehensive privatization Plan.
On 30 December 2021, NAC Kazatomprom JSC and Trading House United Chemical Technologies LLP signed a contract for the purchase and sale of a 40% stake in Caustic JSC. According to an independent assessment of the market value, the sale price of the Company's stake amounted to KZT 1.2 billion. According to the terms of the contract, payment for securities was made in parts. In January 2022, Kazatomprom received the first tranche in the amount of KZT 364 million. In February 2022, an Act of Acceptance and transfer of ordinary shares equivalent to 12% was signed. On 28 March 2023, the buyer paid the second tranche in the amount of KZT 849 million, and also paid KZT 163 million of interest for deferred payment. On 11 April 2023, the Act of Acceptance and transfer of the remaining 28% of shares was signed. The total amount of the sale of Kazatomprom's stake in Caustic JSC, including interest, amounted to about KZT 1.4 billion. Thus, Central Securities Depository JSC has written off securities from the Company's personal account and the transaction for the sale of all shares owned by Kazatomprom in Caustic JSC is fully completed.
For more information, you can contact:
On investor relations issues
Yerlan Magzumov, IR Director
Tel.: +7 7172 45 81 80 / 69
Email: ir@kazatomprom.kz
In PR and Media organizations requests issues
Sabina Kumurbekova, GR&PR Director
Gazhayip Kumisbek, Chief Expert of the GR and PR Department
Tel.: +7 7172 45 80 22
Email: pr@kazatomprom.kz
Copy of this announcement will be available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 22% of the total global primary uranium production in 2022. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).
Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).
For more information, please, visit our website http://www.kazatomprom.kz
Statements for the Future
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