Kcell ordinary shares and GDRs have been listed on AIX

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that ordinary shares and global depositary receipts (GDRs) of Kcell JSC (“Kcell”), the leading provider of mobile telecommunications services in Kazakhstan, have been admitted to the AIX official list effective February 6, 2020. Secondary trading is expected to start on February 7, 2020. Kcell shares will be traded under (KCEL) ticker with quotation and settlement in KZT and fully fungible between AIX and Kazakhstan Stock Exchange, GDRs will be traded under (KCEL.Y) ticker with quotation and settlement in USD and fully fungible between London Stock Exchange and AIX.

CEO of AIX, Tim Bennett, noted:   

 “We are delighted to welcome Kcell to the AIX. The listing of Kcell securities on AIX will allow the Company to diversify its pool of investors and will provide local and foreign investors’ access to trading in both Kcell shares and GDR’s on one market.”

Kaspars Kukelis, the Chairman of the Management Board and CEO of Kcell, said:   

“With our track record as a listed Company spanning more than seven years, I am proud to announce that Kcell’s securities are now also cross-listed on AIX. This move will enable the Company to diversify and expand its investor base, as well as enhance its stock liquidity.

We continue to adhere to the highest international standards of corporate governance to which we have been committed since our IPO in 2012. This latest development will allow us to create greater value for our customers and our shareholders. I am confident that this cooperation between Kcell and AIX will prove to be a long lasting and mutually beneficial relationship.”

Reference information:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz

AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. The constitutional law establishing AIFC was signed on December 7, 2015. The aim of AIFC is to form a leading center of international financial services. The objectives of AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz

Kcell provides mobile voice telecommunications services, messaging services, value-added services (such as multimedia and mobile content services) as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass market subscribers. The Company offers its services through its extensive, high quality network, which covers substantially all of the populated territory of Kazakhstan. www.kcell.kz