In accordance with Article 40 of the Law of the Republic of Uzbekistan “On joint stock companies and protection of shareholders’ rights”, Shareholders of the publishing and printing joint stock company “SHARQ” – owners of voting shares have the right to demand the repurchase by the company of all or part of their shares if they voted against or did not take part in voting for valid reasons when the general meeting of shareholders makes decisions on:
- reorganization of society;
- consolidation of placed shares;
- making a major transaction related to the acquisition or alienation of property by the company in accordance with the second and third parts of Article 84 of the above Law;
- making changes and additions to the charter of the company or approving the charter of the company in a new edition, restricting their rights.
The repurchase of shares by SHARQ is carried out at the market value of these shares.
In accordance with Article 41 of the Law of the Republic of Uzbekistan “On joint stock companies and protection of shareholders’ rights”, the procedure for the exercise by shareholders of the right to demand the repurchase of their shares by the company is established.