JSC National Atomic Co. Kazatomprom (AIX: KAP, KSE: KAP) scheduled an extraordinary general meeting of shareholders for October 2026 to vote on three key items, including two major uranium concentrate sales and changes to its board.
The meeting will be conducted through absentee voting, with shareholders required to submit ballots between September 22 and October 6. Votes will be counted on October 7, while the record date for eligible participants is September 11. Meeting materials will be made available at the company’s Astana headquarters at least ten days prior to the event.
The first agenda item involves approving a sale of natural uranium concentrates to State Nuclear Uranium Resource Development Company Limited, with deliveries set for Alashankou railway station in China. The second item covers a similar transaction with Uranium One Group JSC, involving deliveries to Siberian Chemical Plant JSC in Russia. Both deals are classified as major transactions, though Kazatomprom did not disclose pricing, volumes, or delivery schedules due to confidentiality agreements with the buyers.
The third agenda item addresses changes to the Board of Directors. Yelzhas Otynshiyev, a board member and chairman of the Management Board of Kazakhstan Temir Zholy, will step down from his position. Zhandos Kairgeldi, co-managing director for strategy and asset management at majority shareholder Samruk-Kazyna, has been proposed as his replacement for the remainder of the term.
Samruk-Kazyna, which holds 163,377,456 ordinary shares in Kazatomprom, initiated the meeting regarding the board changes on August 18, while the board of directors called for approval of the uranium transactions on August 20.
