For the attention of “Farg‘onaazot” JSC shareholders
Announcement
According to the Decree of the President of the Republic of Uzbekistan from July 27th, 2023 “On measures to ensure the effective use of existing capacities and the production of products in high demand in the domestic and foreign market”
PQ-242”, 32670483 (99.02%) the ordinary shares of “Farg‘onaazot” JSC regarding the purchase and sale agreement dated o May 19th, 2023, belonging to the State Assets Management Agency (registered in the central depository of shares in November 2nd, 2023 #312/883) we inform that it was obtained by “Indorama Petchem” B.V. company.
In accordance with the "Indorama Petchem" Company’s notification from
December 4th 2023 #/004/2023 “Farg'onaazot” JSC offered a proposal to preferential shareholders on the purchase of their shares.
As well as the 99.02% of shares of the Joint-Stock Company "Farg‘onaazot" owned by the State Assets Management Agency, were purchased by the "Indorama Petchem" company registered in 37, Bersplein st, Rotterdam, Netherlands, 3011AA and in accordance with the item #40 of the law of the Republic of Uzbekistan “On joint stock companies and protection of shareholders’ rights” (herein after named "Law"), considering the established obligation of the person who has become the owner of more than 50% of the shares, the following is stated:
- the selling the shareholder’s shares at market value must be edited in the unified corporate information portal of the authorized state body no later than 30 days from the date of publication of this proposal to the following address: “Farg‘onaazot”, 222, Sanoat st, Fergana, Republic of Uzbekistan, e-mail: info@azot.uz. The subject of the letter should be sent in written form, which means” a consent to the sale of shares”.
Information about shares must contain: the name (surname) of the shareholder (company number), age, postal address, bank details, phone number, the number of shares to be sold and the conditions provided by the Share Exchange Agreement.
- Consent must be signed by the shareholder personally or by an authorized representative of a legal entity in the manner prescribed by law (if any, the signature of the head must be signed with the attachment of a power of attorney approved by the muxr or formalized in the appropriate way).
- Each shareholder is responsible for other actions necessary for the sale of shares on time (including providing the necessary documents and information to the investment broker), as well as payment of any commissions, fees and taxes, including investment intermediary services.
Failure to obtain consent within the deadlines and procedures set out in this proposal is a shareholder's refusal to sell shares. The shareholder's consent to this offer under additional terms is the shareholder's counter-offer, and will be considered within 30 days be “Indorama Petchem” company.
- If you have any questions related to this offer, if you need more information or documents, please call: (+998) 73 242 64 00 or by e-mail: info@azot.uz