pr 27 Artsakh HEK will hold annual shareholders meeting
2010-03-26 17:44:00
ArmInfo. Apr 27 Artsakh HEK CJSC (Artsakh Hydro Power Plant) will hold
an annual shareholders meeting.
The meeting will take place in Stepanakert (Nagorno-Karabakh
republic). This is the company’s first annual shareholders meeting
after the primary public placement of its shares.
During the meeting the shareholders are to elect Counting Board, Board
of Directors and Supervisory Committee, approve the candidacy of Audit
SOS as financial-economic auditor in 2010, approve report 2009, last
year’s balance sheets, decide on dividends for 2009, approve the new
version of the company’s charter, the regulations of the Board of
Directors, Supervisory Committee, Counting Board and the dividend
policy. For detailed information see
The elections will be held by means of ballot votes sent to the
shareholders on a preliminary basis.
The registration of participants will take place Apr 27 at 10:00 AM.
For additional information contact Artsakh HEK, A.Lazarian Str.,
Stepanakert, NKR. tel: 94-28-28 or 95-35-42.
To note, the placement of Artsakh HEK’s 3.45bln AMD worth shares
started Mar 4 2009 is the first IPO in Armenia. 3,285,715 shares worth
1,050 AMD each have been placed. The advisor, under-writer and
market-maker of the shares is Armenbrok. This IPO is part of the
energy reforms in NKR. Artsakh HEK is one of the leading power
companies in NKR, producer of 40%-60% of the republic’s energy. The
receipts from the placed shares are supposed to be spent on the
construction of three water power plants. This would allow the company
to increase its output to 85% of the domestic demand.
From: Emil Lazarian | Ararat NewsPress
