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12:44:15 (GMT +5), thursday, 23 May 2024

JSC «Uzbekistan Railways» declares an essential fact No. 06

 

1. ISSUER NAME
   Full: Joint Stock Company “Uzbekistan Railways”
   Abridged: JCS “Uzbekistan Railways”
   Name of the stock exchange ticker  
tape:
2. CONTACT INFORMATION
   Location: the Republic of Uzbekistan, Tashkent city, Mirabad district, st. T. Shevchenko 7
   Postal address: 100060
   Electronic mail address: info@uzrailway.uz
   Official website: www.railway.uz
3. ESSENTIAL FACT INFORMATION
   Essential fact number: 06
   Essential fact name: The decision accepted by the supreme body of management of the issuer
   Type of general meeting: Annual
   Date of carrying out of general meeting: ‎‎06.05.2017
   The date of drawing up the report of general meeting: ‎‎06.05.2017
   General meeting venue: Tashkent city
   Quorum of general meeting: 100%
The questions put on voting: Results of the voting
for against abstentions
% quantity % quantity % quantity
1. Hearing and approval of the report of the Board of JSC "Uzbekistan Railways" on the results of financial and economic activities, the implementation of the business plan of JSC Uzbekistan Railways for 2015 100 1 446 224 629
2. Approval of the conclusion of the audit organization on the results of the audit of the financial and economic activities of JSC "Uzbekistan Railways" in 2015. 100 1 446 224 629
3. Approval of the conclusion of the Audit Commission on the results of the audit of financial and economic activities JSC "Uzbekistan Railways" for 2015.
 
  1 446 224 629        
4. Approval of the report of the internal audit service.   1 446 224 629        
  5. Approval of the balance sheet
for 2015.
  1 446 224 629        
  6. Approval of an auditing organization to verify the results of the company's financial and economic activities for 2016 and the maximum amount of payment for its services.   1 446 224 629        
  7. On the distribution of net profit of JSC "Uzbekistan Railways" based on the results of financial and economic activities in 2015;   1 446 224 629        
  8. About prolongation with members of the board of labor contracts for the next year.   1 446 224 629        
  9. On the selection of members of the Council of JSC "Uzbekistan Railways".   1 446 224 629        
  10. On the selection of members of the audit committee and the determination of their remuneration.   1 446 224 629        
  11. Making a decision on approval of transactions with affiliates that may be made in the future - in the process of ongoing business activity of JSC "Uzbekistan Railways" for the period until the next annual meeting of the sole shareholder - state attorney JSC “Uzbekistan Railways”.   1 446 224 629        
  The full wording of decisions taken by the general meeting:
  1. Approve the report of the Chairman of the Board of JSC “Uzbekistan Railways” on the results of the production and financial activities of the company, the implementation of the business plan for 2015, recognizing the work of the company's board as satisfactory.
Chairman of the Board of JSC “Uzbekistan Railways”:
to ensure the unconditional fulfillment of the forecast indicators and the improvement of the quality indicators of the work of the railway transport, the priorities of the Program to accelerate the development of infrastructure, transport and communication construction;
by ensuring the effectiveness of the use of rolling stock to provide rolling stock needs of shippers in the services of railway transport;
to continue the implementation of the program for the production of freight cars, for the overhaul and modernization of passenger and freight cars;
take effective measures to reduce receivables and payables, including debt to the budget and extra budgetary trust funds;
continue work to reduce the cost of production of industrial enterprises of the company;
take the necessary measures to ensure compliance with the parameters and criteria for evaluating the effectiveness of the company, as reflected in the business plan for 2016;
to ensure the phased implementation of projects for the development and implementation of information and communication technologies envisaged by government programs for the further development and implementation of information and communication technologies in the real sector of the economy for 2016-2018.
  2. To approve the conclusions of the audit organization ODIL AUDIT LLC on the basis of the audit of the financial and economic activities of JSC "Uzbekistan Railways" for 2015.
  3. To approve the conclusions of the Audit Commission on the results of the audit of the financial and economic activities of JSC "Uzbekistan Railways" for 2015;
  4. To approve the report of the internal audit service on the basis of the financial and economic activities of JSC “Uzbekistan Railways” for 2015;
  5. Approve the balance sheet for 2015
  6. To approve the auditing organization ODIL AUDIT LLC to audit the results of the company's financial and economic activities for 2016 with a maximum amount of remuneration of up to 295 million UZS for conducting an audit according to the NSA and up to 764 million UZS of an audit of the ISAs.
  7. To approve the procedure for the distribution of net profit of Uzbekistan Railways at the end of 2015 in the amount of 479,276,009 thousand UZS providing for:
- formation of a reserve fund - 23 963 800 thousand UZS or 5% of net profit;
- distribution of dividends on ordinary shares - 9,585,520.2 thousand UZS or 2% of net profit;
- repayment of loans, capital investments and implementation of investment programs, as well as sending in the prescribed manner to increase the statutory fund with the registration of the issue prospectus in the Center for the Coordination and Development of the Securities Market of the Republic of Uzbekistan - 445,726,688.4 thousand UZS or 93% of net profit. Allow JSC "Uzbekistan Railways" funds allocated for the payment of dividends on the state share for 2014 in the amount of 5,210,418.2 thousand UZS and for 2015 - 9,585,520.2 thousand UZS, to be directed to the implementation of projects provided for in Resolution of the President of the Republic of Uzbekistan dated March 15, 2017 “On measures for the implementation of the project “Reconstruction of the existing production facilities of DP “Quyuv mexanika zavodi” ”.
  10. Extend employment contracts for the next year with A. J. Ramatov, Chairman of the Board of JSC “Uzbekistan Railways”, with the provision of a report to the Council of JSC “Uzbekistan Railways” at the end of each quarter to reduce receivables and payables and ensure that the business plan parameters for 2016 are met.
Shukurov A.S., Dekhkanov D.T., Khasilov Kh.N., Radjapov M.K., Khudaykulov O.N. and Kadirov E.Sh. extend the employment contract for the next year.
  11. To approve the personal composition of the members of the Council of JSC "Uzbekistan Railways" in accordance with Appendix No.1 to this protocol.
  12. Approve the composition of the members of the Audit Commission of JSC "Uzbekistan Railways" for 2016 in accordance with Appendix No.2 to this protocol.
  13. To approve for the period until the next annual meeting of the sole shareholder - the state attorney JSC "Uzbekistan Railways", transactions with affiliated persons - enterprises that are part of JSC "Uzbekistan Railways", which may be made in the future - in the process of implementation of JSC "Uzbekistan Railways" Current business activities.
The executive body of "Uzbekistan Railways" will ensure the conclusion of transactions with affiliates or major transactions in the company in accordance with the requirements of Article 85-91 of the Law of the Republic of Uzbekistan “On Joint Stock Companies and Protection of Shareholders' Rights” in accordance with the established procedure documents of the company to commit such transactions.
  Election of members of the supervisory board:
  Candidate Information
  Full name Place of work, position
Owned shares
Number of votes
place
 
position
 
type Amount
  1. Aripov Abdulla Nigmatovich Cabinet of Ministers of the Republic of Uzbekistan Prime Minister of the Republic of Uzbekistan     1 446 224 629
2. Akhmedov Doniyor Bakhtiyorovich Railway inspection of the Republic of Uzbekistan The director of Inspection     1 446 224 629

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