The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered the prospectus of emission of the company.

Within the emission, the company will float 39,106,272 ordinary and 906,420 preferential shares with par value of 2,840 soums each. Total volume of emission will make up 113.536 billion soums.

The shares of the emission will be placed on closed subscription among shareholders through replacement old shares with par value of 1,611 soums to new ones with nominal value of 2,840 soums.

According to the company, the part of the emission for 64.46 billion soums was paid, while other part for 46.175 billion soums will be paid due to undistributed income of previous years.

Uzmetkombinat has been established in line with the resolution of the Cabinet of Ministers of Uzbekistan No. 159 from 24 March 1994 through re-organization of the state enterprise.

The enterprise specializes on processing ferrous metal scraps, production and realization of special iron, as well as other metal products and consumer goods.

Shareholders of Uzmetkombinat are the government (71.91%), labour (10%), National Bank of Uzbekistan for Foreign Economic Activity (3.85%), Avtosaninvestsavdo (3.85%), Navoi mining and metallurgy combine (3.85%), Almalyk mining and metallurgy combine (3.85%) and other individuals (2.69%).