At the Ulyanovsky Automobile Plant (UAZ) annual meeting May 21 the holders decided to pass the 2013-dividends, the company informed.
The new BOD members were elected; Aval-Yaroslavl being affirmed as an auditor. Several credit contracts with Sberbank including non-renewable credit lines in the volume of 250mln rub., 700mln rub., 300mln rub. and evergreen lines of 500mln rub., one billion rub., 420mln rub., 500mln rub. were approved.
UAZ (TIN 7300000029) was formed in 1941. Now it is included into Sollers.
UAZ covers 15% of the off-roader market. From 2003 end UAZ Hunter is under production.
The share capital is equal to 4.143bn rub. split in 3725819763 common and 416837248 preferred stocks of 1 rub. par. The state property agency keeps 13.19% (14.67% common stocks); Sollers - 66.07% (67.77%).
The 2013-net losses gained 1.081bn rub. vs. 985.563mln rub. in profit prior year; revenues moved down 6.23% to 26.192bn rub. from 27.931bn rub.; profit from sales - 25.35% to 961.469mln rub. from 1.288bn rub.; pretax losses coming to 97.064mln rub. vs. 1.199bn rub. in profit.