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Uzbek metallurgical plant increases capitalization

Business Materials 3 January 2018 17:50 (UTC +04:00)

Tashkent, Uzbekistan, Jan. 3

By Mamed Dashdemirov – Trend:

JSC Uzbek Metallurgical Plant has placed an additional issuance of 819,400 common shares with an aggregate nominal value of 4.1 billion soums ($1 = 8,120.07 soums).

After the placement of shares of the additional issuance, the number of the plant’s common shares reached 43.3 million, and preferred shares reached 906,400 with a nominal value of 5,000 soums per share.

In late 2016, dividends in the amount of 287 soums or 5.7 percent of the nominal value were added to one common share, and 300 soums (6 percent) were added to a preferred share.

The biggest share belongs to the state represented by the Center for Management of State Assets – 74.11 percent of shares.

Moreover, Navoi and Almalyk Mining-Metallurgical Plants, the National Bank for Foreign Economic Activity and LLC Avtosanoatinvest have 3.55 percent of shares per each.

The share of individuals is 10.46 percent.

JSC Uzbek Metallurgical Plant was commissioned in 1944.

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