The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered the prospectus emission of the company on 24 February 2011.
According to the prospectus of emission, the company will issue 3,953,879 ordinary shares and 80,691 preferential shares with nominal value of 10,050 soums. Total volume of emission will make up 40,547,428,500 soums.
The emission will be placed on closed subscription among shareholders through replacing shares with par value of 10,000 soums to new stocks with nominal value of 10,050 soums.
According to the company, the part of the emission for 40.346 billion soums is paid on par value, while increased part for 201.728 million soums will be paid due to net income of the company for 2009.
At the same time, Uzkimyosanoat state joint stock company will receive 51% shares or 2,057,631 ordinary shares for 20.679 billion soums.
Share, designed to realization to investors, first of all to foreign investors, will make up 47% or 1,896,248 ordinary shares for 19.057 billion soums.
Labour collective of the enterprise will receive 2% stake from emission or 80,691 preferential shares for 810.994 million soums.
Ferghanaazot is the largest enterprise in Uzbekistan for the production of nitrogen fertilizer and it was commissioned in 1956. Currently, the plant is the largest chemical enterprise for the production of ammonium nitrate and carbamide.