Shareholders of Open Joint-Stock Company (OJSC) NBO Roghun have decided to increase the company’s authorized capital, which now amounts to 14 billion somoni.
This issue will be discussed at the next annual meeting of OJSC NBO Roghun shareholders that is being held in Dushanbe in Dushanbe today.
In all, nine issues have been tabled to the meeting’s agenda, according to the NBO Roghun website.
The shareholders, in particular, intend to make amendments to the company’s charter and endorse the company directorate charter.
The meeting will also discuss issues related to auditing commission’s report on OJSC NOB Roghun’s activities in 2018 as well as endorsement of auditor for the company in 2019 and payment for its services.
Besides, the meeting participants will elect new members of the Supervisory Board and new members of the Auditing Commission and the Accounts Commission of OJSC NBO Roghun.
Recall, the previous meeting OJSC NBO Roghun shareholders took place in Dushanbe on June 15, 2018.
The first annual meeting of the shareholders of OJSC NBO Roghun was held on May 25, 2011.
Tajikistan founded OJSC NBO Roghun with an authorized capital of 116 million somoni for completing the construction of the Roghun station in April 2008 after it formally revoked a contract with Russia’s RusAl aluminum company for the construction of the Roghun HPP in August 2007. The Tajik government accused the Russian company of failing to fulfill the contract signed in 2004. Tajik authorities and RusAl became bogged down in the hydroelectric plant's dam model and height, crucial factors in its capacity.
To raise funds to complete construction of the Roghun HPP the government started to sell shares in Roghun to people on January 6, 2010. Tajikistan has reportedly issued 6 billion somoni worth of Roghun shares.
22,000 people are reportedly holders of the Certificates of Shares (the face value of one Certificate of Shares is 5,000 somoni) and nearly 2 million people are holders of shares of the face values of 100, 500 and 1,000 somoni.
