BAKU, Azerbaijan, Apr. 2
By Nargiz Sadikhova - Trend:
Kazakhstan’s Kazatomprom National Atomic Company is planning to pay out dividends to its shareholders for 2020, Trend reports citing the company.
Decisions on approval of Kazatomprom’s updated Dividend Policy and the distribution of net income are subject to approval by the shareholders at the meeting to be held on May 19, 2021.
The Board of Directors, based on the Company’s audited 2020 financial results, has recommended a dividend payment of 578.67 tenge ($1.3) per ordinary share (one GDR equal to one ordinary share), to be paid from 2020 revenues.
The total dividend will amount to approximately 150.1 billion tenge ($354 million). If approved, the payment of the 2020 annual dividend will be made beginning July 15, 2021, to shareholders of record at 00:00 local time (GMT+6) on July 14, 2021.
Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 23 percent of global primary uranium production in 2020. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets.
All of the Company’s mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
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