National Atomic Company Kazatomprom JSC marks the fifth anniversary of its initial public offering (IPO) on the London Stock Exchange and Astana International Exchange (AIX).
Kazatomprom became the first portfolio company of Samruk-Kazyna JSC, which was listed on the local and international capital markets under the Privatization Program approved by the Kazakh Government. The results of Kazatomprom's IPO were positively received by the global investment community.
“Our IPO was a significant milestone in the company’s history and the national economy, symbolizing Kazakhstan's growing presence on the capital markets. Since the landmark IPO in November 2018, Kazatomprom has not only upheld its commitment to sustainable growth, operational excellence and market discipline but has also reinforced its position at the forefront of the global uranium industry. On behalf of the company and me personally, I extend our deepest gratitude to our employees, partners and shareholders for their continuous support. Thanks to common efforts, Kazatomprom continues to hold leading positions in uranium production and sales,” commented Meirzhan Yussupov, CEO of Kazatomprom.
The company continues to show commitment to the listing requirements and best international practices, actively interacting with investors, and constantly improving the level of corporate governance and transparency. Since the IPO, Kazatomprom’s shareholders have substantially benefited from significant share price appreciation and regular dividend payments.
"The history of AIX began with Kazatomprom's IPO in 2018. Over the past five years since listing, the prices of the company's ordinary shares (denominated in tenge) have increased fourfold, and the company have been leading the market in terms of volumes traded and transacted on the AIX platform," commented Assel Mukazhanova, CEO of Astana International Exchange.
On this momentous occasion, Kazatomprom marks not only its achievements but also the vital role the nuclear power plays in the global energy mix. As the world transitions to net-zero emissions, acceptance of nuclear energy as a green source of low-carbon baseload energy has never been more pronounced. The company is proud to play a key role in the global efforts towards a greener and more sustainable future, providing uranium for clean, sustainable and reliable nuclear power.
Looking ahead, it is important to note that Kazatomprom has the necessary resources to meet the growing global demand for clean and reliable nuclear energy. With a strong focus on ESG, innovation and sustainability, the company continually explores the potential of new projects and technologies that will drive continued growth.
For more details, please contact:
Kazatomprom Public Relations and Media Inquiries
Askar Atagulin, Director, Public Relations
Tel.: +7 7172 45 80 63
Kazatomprom Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel.: +7 7172 45 81 80 / 69
Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 22% of global primary uranium production in 2022. 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 Astana, 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
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