Group 1 - The Annual General Meeting of Shareholders for JSC Kaspi.kz is scheduled for March 28, 2025, with a backup date of March 31, 2025, if a quorum is not met [1][2] - The shareholder register will be determined as of February 21, 2025, to identify participants in the meeting [2] - The agenda includes the approval of the 2024 annual audited financial statements, with a recommendation not to pay dividends on common shares for 2024 [3] Group 2 - The Board of Directors recommends renewing the appointment of Deloitte LLP as the external auditor for another 12 months [3] - There were no shareholder appeals regarding the actions of JSC Kaspi.kz or its officers in 2024 [3]

Core Insights - Kaspi.kz reported a 25% year-over-year increase in net income for FY 2024, with revenue rising by 32% YoY, aligning with initial guidance [2][3] - The company experienced significant growth in its Marketplace and Payments platforms, which contributed to 69% of FY 2024 consolidated net income, up from 66% in FY 2023 [2][3] Financial Performance - In 4Q 2024, revenue and net income both increased by 28% YoY, with Marketplace GMV growth accelerating [2] - e-Commerce GMV surged by 67% and 85% YoY in 4Q and FY 2024, respectively, indicating strong demand [2] - Payments transactions rose by 33% and 40% YoY in 4Q and FY 2024, respectively, reflecting robust growth in this segment [2][11] Marketplace Growth - Marketplace purchases increased by 48% and 42% YoY in 4Q and FY 2024, respectively, showcasing the platform's rapid expansion [2] - Kaspi Delivery orders reached 99 million in FY 2024, up 128% YoY, with Kaspi Postomats accounting for over 50% of e-Commerce deliveries [2] Product Innovation - The launch of Digital Gift Cards in 4Q 2024 aims to enhance Super App engagement and drive Marketplace transactions [2] - New services such as Buy-Inventory-Now-Pay-Later (BINPL) for merchants were introduced, providing additional incentives for merchants to engage with the platform [2][9] Strategic Initiatives - The acquisition of a 65.41% stake in Hepsiburada is expected to significantly expand Kaspi.kz's addressable market and growth potential in Türkiye [11] - The company aims to leverage its Super App expertise to develop digital products in Türkiye, despite current economic challenges [6] Outlook - For 2025, Kaspi.kz anticipates a net income growth of around 20% YoY, excluding the impact from its business in Türkiye [10][11] - The company remains optimistic about its growth trajectory, particularly in the e-Commerce sector, which is viewed as a major opportunity for the future [8]

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Kaspi.kz ("Kaspi " or the "Company") (NASDAQ: KSPI) investors of a class action representing investors that bought securities between January 19, 2024 and September 19, 2024, inclusive (the "Class Period"). Kaspi investors have until February 18, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portno ...

NEW YORK, Feb. 14, 2025 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) between January 19, 2024 and September 19, 2024, both dates inclusive (the "Class Period"), of the important February 18, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.So What: If you purchased Kaspi.kz securities during the Class Period you may be entitled to compensation without payment of any out of ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Joint Stock Company Kaspi.kz during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 18, 2025 [3][5]. - The lawsuit alleges that Kaspi.kz made materially false and misleading statements regarding its business operations, including undisclosed risks related to sanctions due to its dealings with Russian entities post-Ukraine invasion [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and recognition in the field [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Joint Stock Company Kaspi.kz during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - Investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 18, 2025 [3][5]. - The lawsuit alleges that Kaspi.kz made materially false and misleading statements regarding its business operations, including undisclosed risks related to sanctions due to its dealings with Russian entities post-Ukraine invasion [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].

Core Viewpoint - A class action securities lawsuit has been filed against Joint Stock Company Kaspi.kz, alleging securities fraud that affected investors between January 19, 2024, and September 19, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Joint Stock Company Kaspi.kz continued business with Russian entities and provided services to Russian citizens after Russia's invasion of Ukraine, exposing the company to undisclosed sanction risks [2]. - It is alleged that the company engaged in undisclosed related party transactions [2]. - Certain executives of the company are claimed to have links to reputed criminals, which contributed to misleading statements about the company's business and operations [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

NEW YORK, Feb. 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=126268&from=4CLASS PERI ...

NEW YORK, Jan. 30, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=125748&from=4CLASS PER ...

Transaction Details - Kaspi kz completed the acquisition of 40 000 000 Class A and 173 246 220 Class B shares of Hepsiburada representing 65 41% of the total outstanding share capital of Hepsiburada [1][7] - The total consideration for the shares was approximately $1 127 million with $600 million paid in cash on the Closing Date and $526 9 million of Deferred Cash Consideration to be paid within six months [7] - Kaspi kz pledged 65 199 658 Class B shares of Hepsiburada as collateral for the Deferred Cash Consideration [7] Strategic Rationale - The acquisition expands Kaspi kz's addressable market to 100 million people aligning with its strategic priority [2] - The combined knowledge and technology of Kaspi kz and Hepsiburada will drive fast and sustainable bottom-line growth [3] - The partnership aims to advance ecommerce and digital services in Türkiye and Kazakhstan benefiting SMEs and entrepreneurs in both countries [4] Management Commentary - Mikheil Lomtadze CEO of Kaspi kz emphasized the focus on profitable growth and leveraging combined expertise for future success [3] - Hanzade Doğan Founder of Hepsiburada highlighted the alignment with Kaspi kz's mission of sustainable growth and value creation [5] Company Overview - Kaspi kz operates a unique two-sided Super App model with 14 million MAU in 2023 and 581 thousand merchant partners [8][9] - The company's Super Apps provide access to Payments Marketplace and Fintech Platforms designed to meet everyday needs [10] - Kaspi kz's business model combines a highly engaged user base best-in-class digital products and a capex lite approach resulting in strong top-line growth and profitability [11]