As part of the first stage of the process, GIK plans to annul 95,196 shares, each with a nominal value of 100,000 soms. In total, the amount of the annulled package will be 9 billion 519.6 million soms.
At the same meeting, shareholders approved the issuance of 350,000 new ordinary shares with the same nominal value. The total volume of this new issuance will reach 35 billion soms.
It is expected that the entire package of shares will be placed in a closed manner in the interests of the presidential administration, which is the sole shareholder of GIK.
Payment for the shares will be made in the national currency. The timeframe for regulating the issuance in the securities market will be up to 10 months after registration.
This decision also required amendments to the charter, which must undergo re-registration procedures with the Ministry of Justice.
