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â€œGaradagh Cementâ€ OJSC holds Annual General Meeting

08 June 2011 11:23 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. â€œGaradagh Cementâ€ Open Joint Stock Company (OJSC) held the Annual General Meeting of the Shareholders on 8 June, 2011 in Baku (Hyatt Meeting and Conference centre). The below mentioned agenda items were discussed by the participants of the meeting and approved unanimously:

1. Approval of the Agenda of the General Meeting of Shareholders
2. Approval of the Annual report of General Director
3. Approval of Financial report of Revision committee
4. Replacement of the member of the Supervisory Council of the Garadagh cement OJSC â€“ Mr. Kamran Abbasov will replace Mr. Tim Zur
5. Approval of the Charter of the company’s proposed amendments
6. Approval of the profit distribution in 2010

The Annual Meeting of Shareholders of â€œGaradagh Cementâ€ OJSC was held in full compliance with the legislation of the Republic of Azerbaijan.

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, 61% of the total number of shares of the company. The fifth legal entity from the shareholders is â€œAzer Invest Kompaniâ€ LLC who has 0, 43% of the shares. Remaining 10 % of the total number of shares belongs to physical person shareholders.