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Economy 16/09/2024 Ahangaranсement фnnounces share buyback in connection with conversion to LLC

Ahangaranсement фnnounces share buyback in connection with conversion to LLC

Tashkent, Uzbekistan (UzDaily.com) — Joint Stock Company (JSC) Ahangarancement has announced a share buyback in connection with its conversion to a Limited Liability Company (LLC).

Following the extraordinary general meeting of shareholders held on 10 September 2024, a decision was made to convert the company from a joint-stock company (JSC) to a limited liability company (LLC).

In light of this conversion, the company has announced a buyback of both common and preferred shares at a price established by the Supervisory Board — 302,000 sums per share.

Shareholders wishing to sell their shares must submit written requests for buyback no later than 30 calendar days from the date of the decision by the general meeting of shareholders.

After this deadline, the company is obligated to buy back shares from those shareholders who submitted requests within 10 calendar days.

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