Purchase of shares

Purchase of shares is carried out in the following cases, and shares are placed in accordance with the legislation of the Republic of Uzbekistan and the company’s charter.

• Decision of the general meeting of shareholders to reduce the company’s authorized capital by decreasing their total number;

• Relevant decision of the company’s Supervisory Board on the subsequent resale of shares;

• When the general meeting of shareholders makes a decision, and shareholders who voted against or did not participate for valid reasons must comply with the following requirements:

  • Reorganization of the company;

  • Consolidation of issued shares;

  • Concluding a major transaction by the bank to acquire or alienate property in accordance with paragraphs 2 and 3 of Article 84 of the Law of the Republic of Uzbekistan “On Protection of the Rights of Joint Stock Companies and Shareholders”;

  • Making amendments and additions to the new edition of the Charter that restrict shareholders’ rights or approving the Charter.