Announcement of EGM Results
Rhea-AI Summary
Kaspi.kz (Nasdaq: KSPI) reported that shareholders approved all resolutions at the Extraordinary General Meeting held on 11 June 2026. The agenda covered dividend approval and the election of the Counting commission.
Shareholders approved a 1Q 2026 dividend of KZT 850 per common share, payable in cash via wire transfer. The dividend record date is 10 June 2026, with payments commencing 11 June 2026. Three members were elected to the Counting commission with unlimited terms.
AI-generated analysis. Not financial advice.
Positive
- 1Q 2026 dividend of KZT 850 per common share approved
- Dividend record date 10 June 2026, payments starting 11 June 2026
Negative
- None.
News Market Reaction – KSPI
On the day this news was published, KSPI declined 1.51%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
KSPI gained 4.78% while key software peers showed mixed but mostly smaller moves (e.g., OKTA, RBRK, TOST up modestly, CHKP slightly negative), and only one peer (FFIV) appeared in momentum scans. This points to a stock-specific reaction to the dividend approval rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 12 | EGM notice, dividend | Positive | +0.6% | Called EGM outlining proposed KZT 850 dividend and key agenda items. |
| May 11 | 1Q 2026 earnings | Neutral | -0.1% | Reported strong revenue and EBITDA growth with slightly lower net income. |
| Apr 24 | Debt issuance | Positive | +0.7% | Issued $600M 5.900% notes due 2031 to bolster liquidity; oversubscribed. |
| Apr 20 | Strategic investment | Positive | +8.1% | Tencent and long-term investors acquired 6.0M ADSs from existing holder. |
| Apr 16 | AGM results, dividend | Positive | -1.1% | AGM approved 2025 accounts, KZT 850 dividend, auditor reappointment. |
Recent shareholder-focused news (dividends, strategic investors, debt issuance) has usually seen small positive price moves, with one instance of mild divergence on AGM dividend approval.
Over the last few months, KSPI has combined capital returns with growth financing. The AGM on Apr 15, 2026 approved a KZT 850 dividend per common share. Subsequent news included Tencent and other long-term investors buying 6.0M ADSs and a $600M note issue to strengthen liquidity. The May 12, 2026 EGM notice flagged the proposed KZT 850 1Q 2026 dividend and record date, and today’s EGM results formalize these earlier intentions.
Regulatory & Risk Context
Market Pulse Summary
This announcement confirms EGM approval of a KZT 850 dividend per common share for 1Q 2026, with a record date of 10 June 2026 and cash payment by bank transfer. It follows April’s AGM dividend and May’s EGM notice outlining the same payout level. In context, investors may monitor how recurring dividends interact with recent debt issuance and insider sales, as well as how consistently the company maintains this payout level alongside growth initiatives.
Key Terms
record date financial
wire transfers technical
AI-generated analysis. Not financial advice.
ALMATY, Kazakhstan, June 12, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Extraordinary General Meeting on 11 June 2026:
1. To approve the agenda of the Extraordinary General Meeting of Shareholders of JSC Kaspi.kz:
1) Approval of the agenda;
2) Payment of dividends on common shares of JSC Kaspi.kz and approval of the amount of dividend per common share;
3) Determination of the number and the term of powers and election of members of JSC Kaspi.kz’s Counting commission.
2. To approve dividends to be paid within the period set by law:
1) dividend amount of KZT 850 (eight hundred and fifty tenge) per common share of JSC Kaspi.kz;
2) dividend is paid for period 1Q 2026;
3) commencement date of dividend payments: 11 June 2026;
4) the list of shareholders entitled to receive the dividend based on 10 June 2026 date of record;
5) procedure and form of dividend payments: to be paid in cash by wire transfers to accounts of shareholders.
3. To approve the following three persons as the members of JSC Kaspi.kz’s Counting commission with the unlimited term of powers:
- Sadykova Nadezhda Saydalimovna – Chairman of the Counting commission of JSC Kaspi.kz,
- Baitanayeva Laura Ozatovna – Member of the Counting commission of JSC Kaspi.kz,
- Abdildinova Assel Kassymovna – Member of the Counting commission of JSC Kaspi.kz.
For further information
David Ferguson, david.ferguson@kaspi.kz +44 7427 751 275
