ArmInfo
21.05.2007
Global Gold Corporation grants its Armenian employees 53,250 ordinary
nominal shares
Yerevan. As a bonus for good work in 2006, Global Gold Corporation
(GGC) granted its 72 employees in Armenia 53,250 ordinary nominal
shares. This is the first case in Armenia when a private company
grants shares to its employees. Most of the shares were granted to 48
employees working at the Tukhmanuk gold deposit in Aragatsotn region
in northern Armenia.
A few days ago Regional Director of GGC Ashot Pogossyan officially
presented the shares to the employees – each received from 250 to 500
shares depending on length of service and position.
The administrative workers of the Armenian office of GGC received up
to 2,000 and more shares. "The company values the loyalty and
diligence of its employees and honors its social and ecological
commitments. But the key point is that we want our employees and their
families to become the owners of their work and to have a share in
their achievements," Pogossyan said. He said that the company conducts
such actions not only in Armenia but also in Canada and Chile, where
it has mining projects. "We want out employees to feel themselves part
of one big family, the owners of their own company. Our key goal is
to cultivate the corporate spirit among them," Pogossyan said. He
noted that GGC is an open public company and its shares are circulated
on OTC (US).
The villagers of Tukhmanuk were glad to know that they had become the
owners of GGC and could now earn on the appreciation of its shares.
Most of them are going to keep their shares as their price is
growing. Pogossyan told them that their children would be able to
follow the quotations of their shares by means of a special computer
laboratory that would be built in the village or through internet.
Ashot Khlkhasyan, the head of the Melik village community located at
the foot of the Tukhmanuk deposit, said that GGC’s action was very
interesting. He confessed that he had never before heard any company
in Armenia share its property with its employees.
He highly appreciated the community’s cooperation with GGC. A total of
50 new well-paid jobs have been created in the village. GGC implements
a number of social projects: the company has financed the construction
of a water conduit and the gas supply of the village. "The company
helps us to solve whatever problems we face," Khlkhasyan said.
A total of 50 people work at the Tukhmanuk deposit. They receive an
average of 100,000 AMD ($283) a month.