AGMK to pay dividends for 2012
11/07/2013 13:50
AGMK to pay dividends for 2012
11/07/2013 13:50
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock company Almalyk Mining and Metallurgy Combine (AGMK, Tashkent region) will pay dividends for 2012 in line with the decision of shareholders.
The size of the dividend per ordinary share, according to the decision of the shareholders, made up 156.9 soums (117.91 soums in 2011) and per preferential shares – 552.25 soums (250 soums in 2011).
Total number of ordinary shares, on which dividends are paid, makes up 87,466,100 units and ordinary stocks – 2,249,558 units.
The company will direct over 14.965 billion soums to payment of dividends. At the same time, the combine issued 5.701 billion soums to form reserve fund and 10.992 billion soums to finance geologic exploration works.
AGMK allocated 27.174 billion soums to repay loans, received to implement investment projects, and 817.708 million soums to cover expenses related to arbitration, related to activities of Uzmetalltehnology.
The shareholders of AGMK issued 23.104 billion soums to sponsorship aid and 431.158 million soums to remuneration of supervisory council, revision commission and secretaries of supervision council and the board.
AGMK directed 54.086 billion soums of net income for 2012 and and 12.596 million of 2011 undistributed income to capitalization of the charter capital.
At the same time, the company allocated 26.144 billion soums of this sum to finance projects on capital construction and 20 billion soums to purchase shares of Asaka Bank. Other 7.942 billion soums will be used as contribution of the AGMK to charter capitals of newly created ventures and those, in which AGMK possesses shares.
As reported earlier, net income of AGMK grew from 128.921 billion soums to 137.273 billion soums in 2012.
AGMK is a largest copper producer in Central Asia. It owns right to develop copper-molybdenum and lead-zinc fields in the Tashkent region.
The company produces refined copper /cathodes/, including supply of copper concentrate based on tolling and due to processing of scrap metal zinc, lead concentrate and other products. The share of AGMK makes up about 90% of silver and 20% gold production in the country.
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