JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces that its reviewed, unaudited condensed interim consolidated financial statements and notes for the first three months ended 31 March 2022, prepared in accordance with International Financial Reporting Standards (IFRS), are now available on the Company’s website at: www.kazatomprom.kz.
Interim three-month and nine-month financial reporting is not a London Stock Exchange (“LSE”) or Astana International Exchange (“AIX”) listing requirement for Kazatomprom. However, the Company must prepare financial statements each quarter to fulfil certain obligations for its debt securities listed on the Kazakhstan Stock Exchange (“KASE”), under existing loan covenants, and to meet regulatory requirements under local laws in Kazakhstan. Once the financial statements are filed with the local regulatory bodies, they become publicly available and are therefore part of the Company’s disclosure record. Preparation of an accompanying Operating and Financial Review (“OFR”) is not necessary to meet these interim reporting obligations.
With respect to formal periodic reporting to the investment community in 2022, Kazatomprom expects to:
- provide stakeholders with a quarterly operations and trading update approximately one month after the end of each fiscal quarter, in which annual operational and sales guidance metrics will be disclosed and/or updated; and
- release a full financial report biannually, including audited full-year financial statements with an OFR, and unaudited, reviewed, half-year financial statements with an OFR, both within the timelines prescribed by AIX and LSE regulations.
The Сompany expects to release its 2Q22 Operations and Trading Update on 01 August 2022, and, reviewed, unaudited condensed interim consolidated financial statements with an accompanying OFR for the half-year ending 30 June 2022, before the LSE market opens on 19 August 2022.
Kazatomprom’s Board of Directors and Management Board
As previously disclosed, amendments to the Regulations on the Company's Board of Directors were approved at the Annual General Meeting of Shareholders, introducing the position of "Senior Independent Director" within the Board. Following the introduction of the new position, Russell Banham, an independent director on Kazatomprom's Board since 2018, was elected as the Company's Senior Independent Director.
On 27 May 2022, the Company’s Board of Directors approved the addition of Mr. Yerzhan Mukanov to Kazatomprom’s Management Board as of 01 June 2022. The Management Board will then include eight positions, each with a term ending 24 April 2024:
- Mazhit Sharipov, Chief Executive Officer and Chairman of the Management Board;
- Kamila Syzdykova, Chief Financial Officer;
- Askar Batyrbayev, Chief Commercial Officer;
- Yerzhan Mukanov, Chief Operations Officer;
- Alibek Aldongarov, Chief HR and Transformation Officer;
- Dosbolat Sarymsakov, Chief Nuclear Fuel Cycle Officer;
- Yerlan Tuleugozhin, Chief Strategy and Development Officer;
- Marat Yelemessov, Managing Director of Legal Support and Risks (currently on educational leave).
Full biographies for all members of the Board of Directors, as well as Management Board are now available on the Company’s website, www.kazatomprom.kz.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, International Adviser, Investor Relations
Botagoz Muldagaliyeva, Director of Investor Relations
Tel: +7 (8) 7172 45 81 80
Kazatomprom Public Relations and Media Inquiries
Gazhaiyp Kumisbek, Chief Expert of GR & PR Department
Tel: +7 (8) 7172 45 80 63
Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 24% of global primary uranium production in 2021. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please see the Company website at www.kazatomprom.kz
All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company’s expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.