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Economy 12/02/2013 AGMK raises charter capital to 198.182bn soums
AGMK raises charter capital to 198.182bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Almalyk Mining and Metallurgy Combine (AGMK, Tashkent region) is placing shares for 198.182 billion soums.

Center for coordination and control over functioning of securities market registered a prospectus of emission of AGMK.

According to the prospectus of emission, AGMK will issue 87,466,100 ordinary and 2,249,558 preferred stocks with par value of 2,209 soums each. Total sum of the issue is 189,181,888,522 soums.

Shares of the emission will be placed on closed subscription among shareholders through replacement of old shares with par value of 1,800 soums to new ones with nominal value of 2,209 soums.

The company said that the part of the issue for 161.488 billion soums were paid on par value and other part for 36.694 billion soums will be paid due to net income of the company for 2011.

Almalyk Mining and Metallurgical Combine is one of the largest producer of nonferrous metal in Central Asia and only copper producer of Uzbekistan. AGMK produces 90% of silver and 20% of gold in Uzbekistan. The company has two mining enterprises, two concentrating plants and two metallurgy plants.

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