BISHKEK, Kyrgyzstan, August 18. Shareholders of Kyrgyzaltyn have approved an increase of the company’s authorized capital by $57.2 million, raising it to $104.8 million, Trend reports via the Kyrgyz Stock Exchange.
The augmentation will be executed at the detriment of dividends
allocated to the State Agency for State Property Management and the
Ministry of Finance.
In order to operationalize the resolution, stakeholders ratified
the supplementary issuance of 52,000,001 ordinary registered shares
from the fifth tranche, each carrying a nominal value of $1.14.
The equity will be allocated via a restricted subscription
mechanism to the State Agency for State Property Management and the
Ministry of Finance, in alignment with their current equity
holdings.
The subscription term is delineated to extend through December 31,
2025.
