17 Jul 2019 12:45
Kcell JSC
Notice of Board Resignation
Almaty, 17 July 2019 - JSC Kcell ("Kcell" or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunication services in Kazakhstan, announces that Yerulan Kussainov, a Non-Executive Director and a representative of Kazakhtelecom JSC, notified the Company on 12 July 2019 of his intention to resign from the Company's Board of Directors. His resignation will become effective from 19 July 2019.
As of 19 July 2019, the acting Members of the Kcell Board of Directors are as follows:
· Alexey Buyanov - Chairman, Independent Director;
· Rashit Makhat - Independent Director;
· Dinara Inkarbekova - Independent Director;
· Vladimir Popov - Independent Director;
· Kuanyshbek Yessekeyev - a representative of shareholder Kazakhtelecom JSC;
· Timur Turlov - a representative of shareholder Freedom Finance JSC.
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, Kay Larsen |
Company Overview
Kcell provides mobile voice telecommunications services, messaging services, value-added services 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 populated territory of Kazakhstan.
In December 2012, Kcell successfully completed its offering of GDR's on the London Stock Exchange and common shares on KASE. The price was set at USD 10.50 per GDR and KZT 1,578.68 per share with each GDR representing one share. The offering consisted of 50 million shares, which represent 25 percent of Kcell's share capital.
On 21 December 2018, Kazakhtelecom JSC acquired the 75 percent stake in Kcell held by Telia Company and Fintur Holdings B.V.
Kcell plans to continue investing in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to provide high quality services at competitive prices, expand its offering of products and services, while maintaining the high quality of its network and enhancing its brand value.