Uralskaya Mining Metallurgic Company (UGMK) BOD decided to call special meeting in the absentee form Nov. 1, the company informed.
The guarantee credit contract with Gazprombank in favor of A.Serov's Metallurgic Plant was approved as an interest-bearing deal.
The Company (TIN 6606013640) involves the assets of 50 entities located in different regions of Russia. It covers 40% of the cathode copper and zinc market and 50% of the lead.The holders involve Cobargo Management Inc. - 16.25%, Finmet Ag (Finmet Corp.) - 19.99%, Diluk Associated S.A. - 17.55%, Kaskonu Invest Corp. - 16.2%, Freidingen Investments Ltd. - 15.1%, Alpin Group AG- 15%. The Company was founded in 1999 by I.Makhmudov. The share capital is worth 420mln rub. split in 420mln common stocks of 1 rub. par.
The IQ 2013 net losses gained 126.642mln rub. vs. 2.382mln rub. in profit; revenues remained at 2.148mln rub.; profit from sales declined 2.28% to 1.975mln rub. from 2.021mln rub.; pretax losses rallied up 102.53 fold to 165.89mln rub. from 1.618mln rub.