Notice of Annual General Meeting of Shareholders of Kaspi.kz

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.

Rhea-AI Summary

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.

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

Argus Mar 4 session

-2.14% close to close Open Argus

Details

News Market Reaction – KSPI

On Mar 4, the day this news came out, KSPI closed 2.14% below the previous close.

Data tracked by StockTitan Argus for the Mar 4 session.

Key Figures

Proposed dividend: 850 KZT per common share AGM date: 15 April 2026, 10:00 Astana time Repeat AGM date: 16 April 2026, 10:00 Astana time +5 more

Proposed dividend

850 KZT per common share

Board recommendation for 2025 net income distribution

AGM date

15 April 2026, 10:00 Astana time

Scheduled Annual General Meeting of Shareholders in Almaty

Repeat AGM date

16 April 2026, 10:00 Astana time

Repeat meeting if quorum not met on initial date

Board stock options

8,889 ADSs each

Proposed options for three Board Members as long-term incentive

Vesting period

3 years

Board Member stock options vest equally over period

AGM eligibility record date

27 February 2026

Shareholder list date to participate in AGM

Dividend record date (shares)

14 April 2026

Proposed record date for common share dividends

Dividend record date (ADSs)

16 April 2026

Expected dividend record date for ADS holders

Historical Context

4 past events · Latest: Mar 02

4 events

1. Mar 02

   Earnings results

   24h Move

   +10.5%

   FY 2025 revenue and net income growth with dividend proposal.

2. Feb 05

   Earnings date notice

   24h Move

   -2.7%

   Announcement of date and call for 4Q & FY 2025 results.

3. Nov 10

   Earnings results

   24h Move

   +3.3%

   3Q and 9M 2025 revenue and net income growth plus buyback plan.

4. Oct 08

   Earnings date notice

   24h Move

   +0.5%

   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.

Key Terms

net income, dividend, external auditor, stock options, +2 more

6 terms

net income financial

"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.

View in glossary

dividend financial

"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.

View in glossary

external auditor financial

"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 options financial

"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 shares financial

"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 date regulatory

"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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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:

1. Approval of the agenda;
   Standard AGM item, under the law of Republic of Kazakhstan.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.

For further information

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.