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Announcement regarding the proposed delisting

13 May 2021 08:30

RNS Number : 5201Y
Kcell JSC
13 May 2021
 

 

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

 

 

 

Announcement regarding the proposed delisting of the Company's Global Depositary Receipts from the Official List of the Financial Conduct Authority of the United Kingdom and the cancellation of their admission to trading on the main market of the London Stock Exchange and from the Official List of and the cancellation of their admission to trading on the Astana International Exchange

 

Almaty, May 13, 2021

1. Introduction

Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL; AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, on 12 April 2021 announced that at its extraordinary general meeting of 9 April 2021 ("EGM"), the shareholders of the Company approved the voluntary delisting of the Company's Global Depositary Receipts ("GDRs") from the Official List of the Financial Conduct Authority of the United Kingdom ("FCA") and the cancellation of their admission to trading on the main market of the London Stock Exchange ("LSE") and from the Official List of, and the cancellation of their admission to trading on, the Astana International Exchange ("AIX").

2. Notice of LSE delisting and AIX delisting

 

Pursuant to the resolutions duly passed at the EGM, the Company announces that on 13 May 2021 it submitted notices to the FCA to cancel the standard listing of the GDRs on the Official List of the FCA, and to the LSE to cancel the admission of the GDRs to trading on the main market of the LSE ("LSE Delisting"). In accordance with UK Listing Rule 5.2.8, the Company is required to give at least 20 business days' notice of its LSE Delisting, which is therefore expected to take effect at 8.00 a.m. (London time) on 14 June 2021.

 

On 13 May 2021, the Company also submitted an application to the AIX for the delisting of the GDRs from the Official List of, and the cancellation of their admission to trading on, the AIX, and further submitted a notice of the delisting application to the Astana Financial Services Authority ("AIX Delisting"). It is expected that the AIX Delisting take effect at 13:00 (Almaty time) on 14 June 2021.

 

Once such notice periods expire the GDRs will no longer be listed and traded on the LSE or the AIX.

 

The Company previously announced on 14 April 2021 that its GDR programme would terminate on 12 June 2021.

 

 

Enquiries:

 

Kcell

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755 ext. 1002

Investor_relations@kcell.kz

International Media

 

Instinctif Partners

Tel: +44 207 457 2020

Galyna Kulachek

 

 

 

Company Overview

 

Kcell provides mobile voice telecommunications services, messaging services, value-added services (VAS) such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass-market subscribers. The Company offers its services through its extensive, high quality network, which covers substantially all of the territory of Kazakhstan.

 

The Company intends to continue to invest in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to maintain high standards of service in the market by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the quality of its network and enhancing its brand value.

 

Forward-looking statements

 

This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward- looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.

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MSCFIFLDEIIVLIL
Date   Source Headline
11th Mar 20197:00 amRNSFinal Results
6th Mar 20199:35 amRNSNotice of Results
1st Mar 20199:30 amRNSKcell places KZT16.8 bln in 3-year bonds on KASE
6th Feb 201912:13 pmRNSRescheduled 2018 results, reviewing acctng methods
5th Feb 201910:00 amRNSCredit agreement with Subsidiary JSC VTB Bank
29th Jan 201910:00 amRNSKcell announces the coupon payment to bondholders
29th Jan 20199:16 amRNSAppointment of new Chief Executive
25th Jan 201910:30 amRNSKcell JSC announces results of the EGM
22nd Jan 20194:41 pmRNSSecond Price Monitoring Extn
22nd Jan 20194:35 pmRNSPrice Monitoring Extension
21st Jan 20199:00 amRNSNotice of Results
28th Dec 20189:00 amRNSDirectorate Change
24th Dec 20189:15 amRNSAppointment of new Chief Executive Officer
24th Dec 20189:00 amRNSTransfer of shares in Kcell to JSC Kazakhtelecom
21st Dec 201811:40 amRNSNotice of EGM
12th Dec 20187:23 amRNSNotice re acquisition of Telia's holdings in Kcell
21st Nov 201811:44 amRNSMansur Khamidov to continue in role of CEO
19th Oct 20187:00 amRNS3rd Quarter Results
15th Oct 201811:00 amRNSNotice of Results
7th Sep 201812:02 pmRNSPrice Monitoring Extension
22nd Aug 201811:30 amRNSKcell JSC pays the annual dividend for 2017
6th Aug 201812:00 pmRNSKcell announces win of copyright court case
27th Jul 201810:00 amRNSAppointment of new Chief Executive
25th Jul 201811:00 amRNSThe first coupon payment to bondholders
23rd Jul 201811:30 amRNSDrawdown of KZT 10 bn loan with Halyk Bank
20th Jul 20187:00 amRNSHalf-year Report
13th Jul 201812:04 pmRNSNotice of Results
3rd Jul 201811:00 amRNSAdditional tax provision
28th Jun 201811:00 amRNSExtension of the credit line agreement
12th Jun 201812:47 pmRNSKcell faces unsubstantiated copyright claims
1st Jun 20189:35 amRNSThe AGM of Kcell elects a new Board member
1st Jun 20189:30 amRNSResult of AGM
27th Apr 201812:00 pmRNSAnnual Financial Report
23rd Apr 201810:00 amRNSNotice of AGM
23rd Apr 20189:00 amRNSDirectorate Change
20th Apr 20187:00 amRNS1st Quarter Results
19th Apr 201811:00 amRNSProposed dividend for the FY 2017
13th Apr 20182:32 pmRNSNotice of Results
12th Feb 201810:00 amRNSExtension of credit facility with EDB
2nd Feb 201810:33 amRNSReceipt of Sonera Holding B.V. termination notice
26th Jan 20187:06 amRNSFinal Results
18th Jan 20189:30 amRNSKcell places KZT5bn in 3-year bonds on KASE
17th Jan 201810:30 amRNSNotice of Results
16th Jan 201811:00 amRNSNotification of changes in shareholding
27th Dec 20177:00 amRNSFitch rates Kcell's proposed domestic bond BB(EXP)
14th Dec 201710:00 amRNSKcell announces intention to place 3-year bonds
22nd Nov 201710:00 amRNSExtension of credit facility with Halyk Bank JSC
2nd Nov 201711:05 amRNSFitch assigns 'BB' IDR to Kcell; Outlook Stable
27th Oct 20173:45 pmRNSSecond Price Monitoring Extn
27th Oct 20173:40 pmRNSPrice Monitoring Extension

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