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â€œGaradagh Cementâ€ OJSC held the Extraordinary General Meeting

25 November 2010 14:19 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. â€œGaradagh Cementâ€ Open Joint Stock Company (OJSC) held the Extraordinary General Meeting of the Shareholders on 25 November in Baku (â€œQafqaz Pointâ€ Hotel). The agenda items as below mentioned were discussed by the participants of the meeting and approved unanimously: - Approval of the Agenda of the General Meeting of Shareholders and Replacement of the member of the Supervisiory Council of the Garadagh cement OJSC â€“ Mr. Horia Adrian will replace Mr. Gareth Babbs.

The Extraordinary Meeting of Shareholders of â€œGaradagh Cementâ€ OJSC was held in full compliance with the legislation of the Republic of Azerbaijan. Until now the company had 5 legal entities and 879 physical person shareholders. The Holcim Ltd has 66% and AIC 10% of the charter fund of â€œGaradagh Cementâ€ OJSC. Two other legal entities of the shareholders - the European Bank for Reconstruction and Development and Holcim Auslandbeteiligungs GmbH - have correspondingly 10% and 3, 39% of the total number of shares of the company. The fifth legal entity from the shareholders is â€œAzer Ä°nvest Kompaniâ€ LLC who has 0, 26% of the shares. Remaining 10.35 % of the total number of shares belongs to physical person shareholders.