Navoi Mining-Metallurgy Combine (NMMC) has announced a general meeting of shareholders scheduled for March 7, 2024, at 11:00 a.m. The meeting will convene at the main office building located at Navoi Street, 27, in Navoiy city, press service of NMMC reported.
The agenda for the general meeting encompasses crucial matters pertinent to the company's governance and operational framework. Among the key items slated for discussion are:
Election of Chairman and Secretary: Shareholders will vote to elect the chairman and secretary to preside over the proceedings of the general meeting.
Approval of Regulations: The shareholders will deliberate on the approval of regulations governing the conduct of the general meetings of shareholders, as well as determine the composition of the counting commission.
Reduction of Authorized Capital: Consideration will be given to the proposal for reducing the authorized capital of NMMC.
Amendments to Share Issuance Resolution: Shareholders will review proposed changes to the resolution pertaining to the primary issuance of shares by NMMC.
Approval of New Charter: The meeting will address the approval of a revised version of the company's Charter.
The company has prepared for the general meeting, ensuring transparency and accessibility of information to its shareholders. The formation of the shareholder register, both for notification and participation purposes, will be on February 15 and March 4, 2024, respectively.
Earlier Daryo reported that NMMC has achieved outstanding outcomes in 2023, further cementing its pivotal role within Uzbekistan's mining and metallurgical industry, as per NMMC's official statement. The company disclosed that its production output reached an impressive value of UZS 67.5 trillion ($5.4bn), showcasing a remarkable growth rate of 103.8% compared to the preceding year. In terms of financial contributions, NMMC made significant contributions to the State budget of Uzbekistan, with UZS 22.9 trillion ($1.8bn) disbursed in taxes and obligatory payments. Moreover, UZS 14.4 trillion ($1.1bn) was allocated as dividends for the state's stake.
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