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Annual Report / 2018
NAC KAZATOMPROM JSC
Annual Report / 2018
Delivering
on promises.
Creating
value.
NAC Kazatomprom JSC is the national operator of the Republic of Kazakhstan
for the import and export of uranium, rare metals, nuclear fuel for nuclear power plants.
for the import and export of uranium, rare metals, nuclear fuel for nuclear power plants.
Key indicators
2018
Key events
2018
Development
strategy
In 2018, the Company adopted a new development strategy, focusing on five strategic objectives for 2018-2028:
-
Focus on mining operations as the core business -
Continue to pursue a market-centric approach to uranium production, optimizing production, processing and sales volumes based on market conditions -
Continue to enhance sales and marketing capabilities and optimise the contracts portfolio -
Develop an ethics culture commensurate with an industry leader and continue to improve health, labour and environmental policies in line with global best practices -
Maintain global leadership in the uranium mining industry through operational excellence
Listing
Information
In November 2018, the Company listed its shares and global depositary receipts (GDRs) on the Astana International Exchange (AIX) and London Stock Exchange (LSE), respectively.
14.92%
shares
in free float
in free float
The successful placement occurred despite vulnerable market conditions characterised by high volatility.
For example, in the second half of 2018 some 17 IPO transactions in the EMEA region were cancelled.
The Company’s IPO attracted significant interest among investors evidenced by the existence of top-tier international investors amongst the Company’s new shareholders.
There are a total 259,356,608 Kazatomprom shares in issue (including those represented by the GDRs), of which 14.92% are in free circulation and the remaining 85.08% are owned by the state-run Sovereign Wealth Fund Samruk-Kazyna. The shares and GDRs were listed in November 2018 in connection with the initial public offering (IPO) of Kazatomprom, priced at USD 11.60 per GDR, or the equivalent KZT 4,322.74 per common share, on the day of announcement. Consequently, at the time of the IPO, the Company’s market value (capitalisation) was around USD 3 billion. The value of the placed shares (including those represented by the GDRs) was about USD 450 million.
Share and GDR listings
Ordinary shares
-
CurrencyKZT
-
ISINKZ1C00001619
-
Astana International Exchange (AIX)KAP
-
London Stock Exchange (LSE)—
Global depositary receipts (GDRs);
1 GDR corresponds to 1 ordinary share
-
CurrencyUSD
-
ISINUS63253R2013
-
Astana International Exchange (AIX)KAP.Y
-
London Stock Exchange (LSE)KAP
Business
Transformation
-
Digitise business
processe -
Simplify the legal
structure -
Transform
human capital -
Implement change management and a project management approach