BAKU, Azerbaijan, May 27. Kazakhstan’s Kazatomprom National Atomic Company will allocate 227.4 billion tenge ($530.06 million) to pay out dividends for 2021, Trend reports citing the company.
Shareholders, guided by the Company’s Dividend Policy, based on the audited 2021 financial results, approved a dividend payment in the amount of 876.74 tenge (approximately $2) per one ordinary share of Kazatomprom (one GDR is equal to one ordinary share), to be paid for 2021.
The total amount of dividends to be paid is equivalent to approximately 227.4 billion tenge, which is 75 percent of free cash flow, a proportion that is aligned with the Company's Dividend Policy.
The relevant calculation of free cash flow includes the proceeds from the sale of a 49 percent share in Ortalyk LLP to China General Nuclear Power Corporation in 2021 (a one-time impact).
The payment of dividends based on the 2021 results will begin on July 15, 2022 to shareholders of record as of July 14, 2022 at 00:00 (GMT+6).
Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 24% of global primary uranium production in 2021.
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 extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
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