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JSC «Uzbekistan Railways» declares an essential fact No. 06

  

1. ISSUER NAME
   Full: Joint Stock Company “Uzbekistan Railways”
   Abridged: JCS “Uzbekistan Railways”
   Name of the stock exchange ticker  
tape:
2. CONTACT INFORMATION
   Location: the Republic of Uzbekistan, Tashkent city, Mirabad district, st. T. Shevchenko 7
   Postal address: 100060
   Electronic mail address: info@uzrailway.uz
   Official website: www.railway.uz
3. ESSENTIAL FACT INFORMATION
   Essential fact number: 06
   Essential fact name: The decision accepted by the supreme body of management of the issuer
   Type of general meeting: Annual
   Date of carrying out of general meeting: 17.07.2018
   The date of drawing up the report of general meeting: 17.07.2018
   General meeting venue: Tashkent city
   Quorum of general meeting: 100%
The questions put on voting: Results of the voting
for against abstentions
% quantity % quantity % quantity
1. Hearing and approval of the report of the board of JSC “Uzbekistan railways” on the results of financial and economic activities, the implementation of the business plan of JSC “Uzbekistan railways” for 2017. 100 12 976 409 900
2. Approval of the audit report on the results of the audit of the financial and economic activities of JSC “Uzbekistan railways” for 2017. 100 12 976 409 900
3. Approval of the opinion of the Audit Commission on the results of the audit on the results of the financial and economic activities of JSC “Uzbekistan railways” for 2017. 100 12 976 409 900        
4. Distribution of net profit of the company according to the results of activities for 2017. 100 12 976 409 900        
  5. Approval of the balance sheet and statement of financial results for the year 2017. 100 12 976 409 900        
  6. Approval of the audit organization for the audit and the maximum amount of payment for its services. 100 12 976 409 900        
  7. On conducting an independent assessment of the corporate governance system of “Uzbekistan Railways” 100 12 976 409 900        
  8. On the selection of members of the Council of JSC "Uzbekistan Railways" 100 12 976 409 900        
  9. On the selection of members of the audit committee and the determination of their remuneration. 100 12 976 409 900        
  10. About prolongation with members of the board of labor contracts for the next year. 100 12 976 409 900        
  11. On approval of the form for reporting the adoption by the Company of recommendations of the Corporate Governance Rules. 100 12 976 409 900        
  The full wording of decisions taken by the general meeting:
  Approve the report of the first deputy chairman of the board of JSC “Uzbekistan Railways” on the results of the production and financial activities of the company, the implementation of the business plan for 2017, recognizing the work of the company's board as satisfactory. Take into account and ensure the unconditional implementation of the decree of the President of the Republic of Uzbekistan dated January 23, 2017. No. 2737;
- to continue the implementation of measures to reduce receivables and payables, including for structural enterprises, to ensure the unconditional implementation of the parameters of the Business Plan;
- to ensure the unconditional implementation of the parameters of the Business Plan, preventing the implementation of expenses not covered by the Business Plan
- ensure compliance with the requirements for the holding of Uzbekistan Railways JSC and its subordinate enterprises of external audit and publication of financial statements in accordance with international auditing standards and international financial reporting standards;
  To approve the audit report of ODIL AUDIT LLC on the basis of the financial and economic activities of “Uzbekistan Railways” JSC for 2017.
  To approve the audit report of ODIL AUDIT LLC on the basis of the financial and economic activities of “Uzbekistan Railways” JSC for 2017.
  Consider the issue of the distribution of the net profit of “Uzbekistan Railways” JSC for 2017 after the submission of the relevant instructions of the Ministry of Finance of the Republic of Uzbekistan in the prescribed manner.
  Approve the balance sheet and statement of financial results for the year 2017.
  Approve the auditing organization HLB TASHKENT LLC with a marginal remuneration of up to 389.750 million UZS for conducting an audit according to NSA, up to 388.910 million UZS for conducting an audit according to ISA, assistance in preparing consolidated financial statements in accordance with IFRS and up to 389.900 million UZS for approval by the sole shareholder of JSC “Uzbekistan Railways”.
  In pursuance of the recommendations of the Corporate Governance Code, approved by the protocol decision No. 9 of the meeting of the commission to improve the efficiency of joint stock companies and improve the corporate governance system of December 31, 2015, an independent assessment of the corporate governance system of JSC “Uzbekistan Railways” will be carried out within a month corporate governance evaluation organizations.
  In accordance with the resolution of the President of the Republic of Uzbekistan dated July 24, 2006 No. PP-424 “On approval of the composition of the Councils of individual large joint-stock companies with state assets” and in accordance with letters of the Center for State Assets Management dated January 27, 2017. №01 / 06-178, dated 2.02.2017 №01/06-231 and dated 15.06.2017 No.01/06-1423 approve the personal composition of the members of the Council of “Uzbekistan Railways” JSC according to Appendix No.1 to this protocol.
  To approve the list of candidates to the members of the audit committee in accordance with Appendix No. 2 to this protocol; The members of the audit commission determine the amount of remuneration for making conclusions based on the results of the audit of the company's annual financial and economic activities at the end of 2017 and the presence of transactions with affiliated persons or major transactions in the company at the end of the 4th quarter of 2017 and the 1st quarter of 2018, at a rate of twenty minimum wage established in the Republic of Uzbekistan.

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