Last checked at 28 Feb 2019 07:00
AIX: KAP, KAP.Y (GDR)
LSE: KAP (GDR)
28 February 2019, Astana, Kazakhstan
Kazatomprom informs on approval of audit partner
JSC "National Atomic Company "Kazatomprom" JSC (hereinafter - Kazatomprom or the Company) reports that on February 18, 2019, the Audit Committee of the Board of Directors decided to approve Azamat Konratbayev as an audit partner till the completion of the independent audit of the Company's financial statement for the year of 2019, subject to the adoption of a positive decision by the Board of Directors of Kazatomprom on approval of an updated Policy of NAC Kazatomprom JSC on engagement of audit firms. On February 19, 2019 a meeting of the Board of Directors of Kazatomprom was held where the Policy on engagement of audit firms was approved (hereinafter - the Policy). The updated Policy has been amended in terms of the rotation of the audit partner, providing for after five consecutive years the possibility of extending the period of position for additional two years so that the audit partner spends on this position no more than seven years in total. Changes are made to ensure the quality of the audit and the degree of flexibility on the issue of rotation period.
For further information, please contact:
Kazatomprom Investor Relations Inquiries
Cory Kos, Head of Investor Relations
Tel: +7 7172 45 81 69
Email: ir@kazatomprom.kz
Kazatomprom Public Relations and Media Inquiries
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
A copy of this announcement will be made available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the world's largest producer of uranium, representing approximately 20% of total global uranium primary production in 2017. The Group benefits from the largest reserve base in the industry. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan and mined using ISR technology.
As the national atomic company in the Republic of Kazakhstan, the Company has partnered with substantially all of the leading players in the uranium mining industry globally. 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 or through its Switzerland-based trading subsidiary, THK.
For more information: http://www.kazatomprom.kz