JSC Kaspi.kz (Nasdaq: KSPI) announced its Annual General Meeting of Shareholders on 15 April 2026 at 10:00 Astana time in Almaty, with a repeat meeting scheduled for 16 April 2026 if no quorum is met. Key agenda items include approval of the 2025 audited financial statements, shareholder vote on the Board's recommendation of an 850 KZT dividend per common share, determination of dividend record dates, renewal of Deloitte LLP as external auditor, and approval of stock options for three Board members (8889 ADSs each, vesting equally over 3 years). The shareholder register cutoff is 27 February 2026, with expected ADS dividend record date of 16 April 2026.
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Positive
Board recommends 850 KZT dividend per common share for 2025
Deloitte LLP renewal recommended as external auditor for 12 months
Long-term incentives proposed: 8889 ADSs each for three Board members, vesting over 3 years
Negative
Dividend is recommended and requires shareholder approval at the AGM
Shareholder list cutoff of 27 February 2026 fixes eligibility and may limit late participants
News Market Reaction – KSPI
-2.14%
-2.14%Session close to close
In the Mar 4 session, KSPI declined 2.14%, reflecting a moderate negative market reaction.
This announcement details Kaspi.kz’s 2026 Annual General Meeting, where shareholders are asked to ap...
Analysis
This announcement details Kaspi.kz’s 2026 Annual General Meeting, where shareholders are asked to approve 2025 audited financials, the distribution of 2025 net income, and a Board-recommended 850 KZT dividend per common share. It also outlines proposed stock option grants of 8,889 ADSs for three directors, vesting over three years, and key record dates for AGM participation and dividends. Investors may focus on final dividend approval, Board remuneration structures, and any subsequent updates to the company’s broader capital-return strategy.
Key Figures
Proposed dividend:850 KZT per common shareAGM date:15 April 2026, 10:00 Astana timeRepeat AGM date:16 April 2026, 10:00 Astana time+5 more
8 metrics
Proposed dividend850 KZT per common shareBoard recommendation for 2025 net income distribution
AGM date15 April 2026, 10:00 Astana timeScheduled Annual General Meeting of Shareholders in Almaty
Repeat AGM date16 April 2026, 10:00 Astana timeRepeat meeting if quorum not met on initial date
Board stock options8,889 ADSs eachProposed options for three Board Members as long-term incentive
Vesting period3 yearsBoard Member stock options vest equally over period
AGM eligibility record date27 February 2026Shareholder list date to participate in AGM
Dividend record date (shares)14 April 2026Proposed record date for common share dividends
Dividend record date (ADSs)16 April 2026Expected dividend record date for ADS holders
Planned date and webcast for 3Q and 9M 2025 results.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Stock reactions to earnings have generally been positive, while scheduling announcements saw mixed moves.
Recent Company History
Over the last several months, Kaspi.kz has focused on growth and shareholder returns. On Nov 10, 2025, 3Q and 9M 2025 results showed double-digit revenue and net income growth, alongside a share repurchase plan. On Mar 2, 2026, FY 2025 results reported further revenue and net income gains and a recommended KZT 850 dividend per ADS. The current AGM notice formalizes approval of 2025 statements, dividend distribution, and Board compensation, continuing this capital-return theme.
Key Terms
net income, dividend, external auditor, stock options, +2 more
6 terms
net incomefinancial
"procedure to distribute JSC Kaspi.kz’s net income for the year 2025"
Net income is the amount of money a company keeps after paying all its costs, interest, taxes and one-time charges — effectively the company’s profit “left over” at the end of a reporting period. Investors use it like a report card: it shows whether the business is generating real profit, influences earnings per share and dividend potential, and helps determine valuation and long-term financial health.
"the amount of dividend per common share of JSC Kaspi.kz"
A dividend is a payment that a company gives to its shareholders, usually from its profits. It’s like a bonus or reward for owning the company's stock, and it can provide a steady income stream for investors. Companies pay dividends to share their success with the people who own their stock.
"Appointment of the external auditor to audit JSC Kaspi.kz’s financial statements."
An external auditor is an independent, third-party professional who reviews a company’s financial records and reports to confirm they are accurate and follow the rules. Like a home inspector checking a house before you buy, an external auditor gives investors assurance that the numbers reflect reality, which affects trust, the perceived risk of the company, and therefore investment decisions and value.
stock optionsfinancial
"it is proposed to approve the following stock options for the Board Members"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
american depositary sharesfinancial
"expected dividend record date for holders of JSC Kaspi.kz’s American Depositary Shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
record dateregulatory
"The proposed record date of shareholders list for dividends payable"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
ALMATY, Kazakhstan, March 04, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of JSC Kaspi.kz (Nasdaq: KSPI) hereby announces the Annual General Meeting of Shareholders of JSC Kaspi.kz will be held on 15 April 2026 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013.
If a quorum is not met, a repeated Annual General Meeting of Shareholders will be held on 16 April 2026 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013.
Agenda of the Annual General Meeting of Shareholders:
Approval of the agenda; Standard AGM item, under the law of Republic of Kazakhstan.
Approval of JSC Kaspi.kz’s 2025 annual audited financial statements; The Board of Directors preliminarily approves the financial statements of JSC Kaspi.kz for 2025 financial year.
Approval of the procedure to distribute JSC Kaspi.kz’s net income for the year 2025 and the amount of dividend per common share of JSC Kaspi.kz; The Board of Directors recommends 850 KZT dividend per common share for approval by the shareholders. The proposed record date of shareholders list for dividends payable to holders of JSC Kaspi.kz’s common shares is 14 April 2026.
Information on shareholders’ appeals on JSC Kaspi.kz and its officers’ actions and results of consideration thereof in 2025; Standard AGM item, under the law of Republic of Kazakhstan. No appeals to consider.
Appointment of the external auditor to audit JSC Kaspi.kz’s financial statements. The Board of Directors recommends renewing the appointment of Deloitte LLP for a further 12 months. Following the appointment of an external auditor at the Annual General Meeting of Shareholders, remuneration of the auditor will be approved by the Board of Directors as required by the Laws of Kazakhstan.
Approval of the amount and terms of remuneration and reimbursement of expenses of the Board Members incurred while performing Board Member's duties. As a part of the long-term incentive program, it is proposed to approve the following stock options for the Board Members: Mrs. A. Prawdzik - 8889 ADSs, Mr. S. Gutkowski - 8889 ADSs, and Mr. D. Gardner - 8889 ADSs which will vest over 3 years equally.
The list of shareholders entitled to participate in the Annual General Meeting of Shareholders will be determined based on the shareholder register of JSC Kaspi.kz as at 27 February 2026.
The expected dividend record date for holders of JSC Kaspi.kz’s American Depositary Shares (“ADSs”) is 16 April 2026.
When and where is Kaspi.kz (KSPI) holding its Annual General Meeting of Shareholders in 2026?
The AGM is scheduled for 15 April 2026 at 10:00 Astana time in Almaty. According to the company, a repeated meeting will occur on 16 April 2026 at 10:00 if a quorum is not met.
What dividend did Kaspi.kz (KSPI) recommend for 2025 and what must shareholders approve?
The Board recommends a 850 KZT dividend per common share for 2025. According to the company, this recommendation requires shareholder approval at the AGM before becoming payable.
What are the record dates for Kaspi.kz (KSPI) dividends for common shares and ADS holders in April 2026?
The proposed record date for common share dividends is 14 April 2026, and the expected ADS dividend record date is 16 April 2026. According to the company, these dates determine eligible recipients.
Who is Kaspi.kz (KSPI) recommending as external auditor for the 2025 financial statements?
The Board recommends renewing Deloitte LLP as external auditor for a further 12 months. According to the company, auditor remuneration will be approved by the Board after AGM appointment.
What stock option awards for Board members did Kaspi.kz (KSPI) propose at the 2026 AGM?
The proposal grants 8889 ADSs each to three Board members, vesting equally over 3 years. According to the company, these awards are part of the long-term incentive program.
Which shareholder register date determines who may participate in the Kaspi.kz (KSPI) 2026 AGM?
The list of shareholders entitled to participate is determined by the shareholder register as at 27 February 2026. According to the company, that date fixes eligibility to vote at the AGM.
