12 Oct 2015 11:40
Kcell JSC pays second tranche of 2014 dividend
Almaty, 12 October 2015 - Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces that on 8 October 2015 it paid the second tranche of dividends on ordinary shares due for period 1 January 2014 - 31 December 2014, in the amount of KZT 17,478 million, or KZT 87.39 gross per ordinary share.
The Annual General Meeting of shareholders approved the dividend payout in the amount of KZT 58.260 million for period 1 January 2014 - 31 December 2014. The total dividend is KZT 291.30 gross per ordinary share (each ordinary share representing one GDR).
The record date of shareholders entitled to receive the dividends is 20 April 2015 (01:00 Almaty time).
The first tranche of KZT 40,782 million, or KZT 203.91 gross per ordinary share, due for the 1 January 2014 - 31 December 2014 period, was paid on 29 April 2015.
The dividends are transferred electronically into shareholders' bank accounts.
Contacts
| |
Investor Relations | |
Irina Shol | Tel: +7 727 2582755, ext. 1205 Investor_relations@kcell.kz |
Media Natalya Eskova |
Tel: +7 727 2582755, ext. 1902 Pressa@kcell.kz |
International media | |
Instinctif Partners | Tel: +44 207 457 2020 |
Kay Larsen, Galyna Kulachek, Adrian Duffield |
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 GDRs 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 a sale by TeliaSonera of 50 million shares, which represent 25 percent of Kcell's share capital. TeliaSonera holds directly and indirectly 61.9% of the Company's common shares.
Kcell plans to benefit from the significant growth potential for mobile data services in Kazakhstan. The Company intends to continue to invest in the deployment of its 3G network to expand coverage. Kcell aims to maintain its market leadership in terms of revenue and the number of subscribers by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the high quality of its network and enhancing its brand value.