Announcement of Extraordinary General Meeting Results

Rhea-AI Summary

On May 23, 2024, Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announced the resolutions passed at its Extraordinary General Meeting held on May 22, 2024. The key resolutions included the approval of the meeting agenda and the payment of dividends. A dividend of KZT 850 per common share will be paid for the first quarter of 2024. The dividend payment will commence on May 22, 2024, to shareholders recorded as of May 21, 2024. Payments will be made in cash via wire transfers to shareholders' accounts.

Positive

• Dividend of KZT 850 per common share approved for 1Q 2024.
• Commencement date for dividend payments set for May 22, 2024.
• Clear procedure for dividend payments via wire transfers.

Negative

• No information on company's overall financial performance for 1Q 2024.
• Lack of detailed long-term strategic insights or future business plans.

ALMATY, Kazakhstan, May 23, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Extraordinary General Meeting on 22 May 2024:

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.
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 2024;
   3) commencement date of dividend payments: 22 May 2024;
   4) the list of shareholders entitled to receive the dividend based on 21 May 2024 date of record;
   5) procedure and form of dividend payments: to be paid in cash by wire transfers to accounts of shareholders.

For further information

David Ferguson, david.ferguson@kaspi.kz +44 7427 751 275

 

FAQ

What was the outcome of the Kaspi.kz Extraordinary General Meeting on May 22, 2024?

The meeting approved the agenda and the payment of dividends for 1Q 2024.

How much dividend will Kaspi.kz pay for 1Q 2024?

KSPI will pay a dividend of KZT 850 per common share for 1Q 2024.

When will Kaspi.kz commence dividend payments for 1Q 2024?

Kaspi.kz will start dividend payments on May 22, 2024.

Who is eligible to receive the 1Q 2024 dividend from Kaspi.kz?

Shareholders recorded as of May 21, 2024, are eligible to receive the dividend.

How will Kaspi.kz pay the 1Q 2024 dividend?

The dividend will be paid in cash via wire transfers to shareholders' accounts.