National Atomic Company “Kazatomprom” JSC won the “Untaly Kompaniya” award for its communications with minority shareholders. This award was inaugurated by the Qazaq Association of Minority Shareholders (QAMS) in 2024.
“We would like to express our gratitude to QAMS for its high assessment of our stakeholder engagement activities and recognition of the significance of Kazatomprom’s contribution to the development of capital markets in Kazakhstan. This award confirms the fact that since its successful IPO in November 2018, the fundamental principles of Kazatomprom’s activities have been transparency, openness, and equal treatment of all investors regardless of their position size. We will continue to work in this direction and will maintain a high level of communications with our minority shareholders”, - said Dastan Kosherbayev, Kazatomprom’s Chief Commercial Officer.
“More and more state-owned enterprises are undergoing IPOs. Retail investors are joining the ranks of shareholders of these companies, and for retail investors return on capital is the prime goal. In this regard, managing communications is vital for maximing shareholder value.
Winning this award confirms that Kazatomprom’s IR activity is exemplary, and we hope that other Kazakh listed companies will strive to compete with Kazatomprom in the area of shareholder communications” – said Daniyar Temirbayev, executive director at QAMS.
The Company won the award by an unanimous vote among members of the managing council of QAMS .
Other issuers eligible for nomination were listed companies with assets in Kazakhstan, listed on local and/or foreign exchanges. According to the QAMS’ rules, main selection criteria are as follows:
- The company is taking the right steps in improving communication with minority shareholders, growing shareholder value and improving corporate governance practices.
- Absence of incidents related to miscommunication with shareholders and disclosure of information pertinent to capital markets.
- Management team demonstrates that it understands that communications management is vital for maximising shareholder value.
The QAMS award confirms the Company's commitment to best practice in information disclosure, corporate governance and increasing investment attractiveness of Kazatomprom to maximise shareholder value.
For more information, please contact:
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel: +7 7172 45 81 80 / 69
Email: ir@kazatomprom.kz
Public Relations and Media Inquiries
Askar Atagulin, Director, Public Relations
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
A copy of this announcement is available at www.kazatomprom.kz.
About Kazatomprom
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.
About QAMS
“Qazaq Association of Minority Shareholders” (QAMS) is a non-profit organisation, founded by Kazakh private investors and registered at the Astana International Financial Centre. The association’s goals are development of capital markets of Kazakhstan and provision of assistance in protecting rights of minority shareholders, implementation of best practice in the area of protecting rights of minority shareholders in Kazakhstan, increasing participation of retail investors on the capital markets by offering education programmes, growing market liquidity and increase transparency of corporate sector.
Forward-looking statements
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