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Economy 24/06/2010 AGMK adopt decision to distribute net income for 2009
AGMK adopt decision to distribute net income for 2009
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Almalyk Mining and Metallurgy Combine (AGMK) adopted decision on distribution of net income for 2009, the company said in a statement.

The company said it received net income for 27.191 billion soums in the result of financial-economic activity of the enterprise in 2009.

In line with the decision, the company will direct 4.5 billion soums to pay dividends on ordinary shares and 560.543 million soums on preferential shares.

The size of dividend per ordinary share comprises 51.46 soums per ordinary share and 250 soums on preferential share. Total number of shares, on which the enterprise will pay dividends, makes up 89,686,984, of which 87,444,809 are ordinary shares and 2,242,175 – preferential shares.

Shareholders also directed 5% of net income or 1.359 billion soums to reserve fund of the company. Other part for 20.771 billion soums was directed to capitalization of charter capital in line with current legislation of Uzbekistan.

The company said the funds will be accumulated at separate accounts and used only to finance priority investment projects with agreement of Economy Ministry and Finance Ministry of Uzbekistan.

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