Investor Relations

Equal Rights of Shareholders

According to the Civil Code of RA, the Law of RA on Joint Stock Companies (hereinafter – the Law) and the Charter of ARMBROK (hereafter - the Charter), all the shareholders have the equal right to:

• take part in the General Meeting of the Shareholders with the right of vote on any issue of its discretion;
  suggest no more than 2 issues for agenda of the General Meeting during 60 days after the end of fiscal year, as well as suggest candidates for internal audit and Directors Board, if he owns no less than 2 percent of shares that have voting rights;
• participate in the management of the company;
• receive dividends from the profit earned by the company;
• have preemption in acquiring the shares placed by the company in the cases provided by the Law and these Articles;
• be fully informed about the activity of the company bookkeeping and accounting or other industrial and economic accountancy of the company included, provided always for confidential documents;
• any shareholder(s) of the company holding in aggregate at least 5% of the company’s shares shall be reserved the right to demand an audit for examining the accountancy and confidential documents of the company. Such shareholders shall bear the costs connected with the examination;
• appoint a proxy for representing him at the General Meeting;
• carry motions to the consideration of the General Meeting of the members;
• vote at the General Meeting by the total number of fully paid shares entitled to vote;
• suit in the court against the decisions of the General Meeting, if they contradict the Law and acts;
• receive his share of property upon the settlements with the company’s creditors and dissolution of the company;
• receive the according number of common shares free of charge if the authorized capital is being increased at the cost of the company’s own assets;
• freely sell or otherwise transfer his shares to the third party;
• exercise other rights provided above or by the Law.